Insurance Product Configuration

Solartis Insure Overview

Leading the future of policy administration with flexibility and innovation.

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Solartis Insure: Solving Today’s Insurance Policy Administration Challenges

CHALLENGE

Outdated monolithic systems in insurance struggle to keep up with changing market demands and regulations, leading to inefficiencies, compliance risks, delays, and high costs.

Insurers need a cost-effective, flexible, and proven modern platform that can handle both the simple and very complex insurance products.

SOLUTION

Solartis Insure

Solartis Insure is a cloud-native, policy administration microservices platform offering unmatched flexibility, scalability, and efficiency.

  • Supports all P&C commercial and personal lines

  • Customizable or out-of-the-box user interfaces (screens)

  • The low-code toolkit enables rapid insurance product setup and easy maintenance

  • Up-to-date ISO commercial lines rating content for all 50 states

  • Supports multiple companies, products, and sublines in a single insurance product

  • Integrate your own microservices or APIs with Solartis microservices

  • Solartis microservices can operate stateless and standalone within your technology platform

  • AI-driven analytics providing deeper insights

  • Usage-based pricing, affordable for both startups and established businesses

Overcoming Key Policy Administration Challenges with Solartis Insure

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CHALLENGE

Inflexible and Outdated Policy Administration Systems

Traditional systems are rigid, slow to adapt, and often require significant IT resources for even minor changes.

OUR SOLUTION

Cloud-Native Headless Microservices Platform

Solartis Insure is a cloud-native, headless microservices platform that allows for independent development and deployment. This modern architecture enables seamless integration with custom front-end experiences without disrupting the core system. The flexibility of microservices ensures you can scale easily, meeting changing business and regulatory needs.

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CHALLENGE

High Costs & Slow
Time-to-Market

Insurance companies frequently encounter high operational expenses and lengthy timelines when launching new products or maintaining existing ones.

OUR SOLUTION

Usage-Based Pricing & Low-Code Configuration

Solartis tackles these challenges with a usage-based pricing model that lowers upfront costs, and Solartis Builder, a low-code tool that allows business users to configure and maintain products independently. This approach speeds up time-to-market while reducing costs, enabling quicker product launches and more efficient operations.

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CHALLENGE

Commercial Lines ISO Rating Challenges

Managing ISO Commercial Lines rating and ensuring compliance across multiple states is time-consuming, resource-intensive, and requires extensive expertise.

OUR SOLUTION

Solartis ISO Commercial Lines Rating

Solartis specializes in ISO Commercial Lines Policy Administration. Solartis Insure electronically consumes and pretests ISO rating content and its circulars for all U.S. states. Using our Builder low-code toolkit, carrier exceptions and specific needs are easily accommodated, reducing time to market, ensuring compliance, and enabling differentiated product offerings.

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CHALLENGE

Difficulty Managing Multiple Products and Carriers

Insurance companies often struggle with managing diverse products, carriers, and customizations across different markets.

 

OUR SOLUTION

Our Versatile Product Framework

Solartis Insure’s versatile framework supports a wide range of Property and Casualty products, allowing management of multiple carriers and customizations within a single product. This capability streamlines operations, enhances efficiency, and allows for quick adaptation to regulatory and market changes.

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CHALLENGE

Rigid, Slow User Interfaces

Outdated systems are often inflexible, that fail to keep up with real-time business needs. These static screens limit business agility and don’t provide the customization that business users demand.

Our Solution

Dynamic Metadata Microservices

Solartis Insure’s dynamic metadata microservices automatically generate responsive user interfaces based on transaction data, creating a tailored experience for each user. This adaptable design allows businesses to evolve their UIs as their needs change, ensuring flexibility and scalability without the need for manual updates.

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CHALLENGE

Limited Insights into Business Performance

Without advanced analytics, insurance companies struggle to gain actionable insights that drive decision-making.

Our Solution

Solartis Explore – Extending the Platform’s Power

Solartis Explore allows for "what-if" analyses and book-of-business level transactions, providing deep insights into performance metrics. This enables data-driven decision-making, optimizing business outcomes and helping companies stay competitive by quickly responding to market dynamics.

Benefits of Solartis Insure Microservices

Business Agility

Adapt quickly to market changes with microservices and low-code toolkit.

Reduced IT Costs

Usage based pricing, streamlined operations and minimized product maintenance costs.

Comprehensive Reporting & Analysis

Gain access to extensive data and analytics, enabling better decision-making and operational efficiency.

Continuous Support

Enjoy expert-led setup and robust ongoing maintenance services and tools, ensuring your systems run smoothly.

Flexible Microservice Integration

Run our microservices independently or integrate them with your existing APIs for faster deployment, enhanced functionality, and easy scalability.

Modern Tech Stack

Built on a robust foundation of Java EE, RESTful services, Kubernetes, and Oracle Cloud for superior performance and scalability.

See how Solartis Insure can work for you

Complete the form to connect with our insurance microservice experts: