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Initial Product Configuration

Solartis Builder

A low-code configuration toolkit for insurance products. Configure, maintain, and test components independently.

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Innovate Without Limits: Create, Configure, and Control your Insurance Products with Builder

CHALLENGE

Insurance companies face high operational costs and long timelines when launching and maintaining products

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SOLUTION

Builder is a low-code toolkit designed to simplify and accelerate initial insurance product configuration and maintenance. It allows business analysts and/or technology teams to quickly set up and manage key product elements such as supported states, coverages, coverage and policy rating components and their calculations, policy documents, screen/application questions, and underwriting rules.

With prebuilt insurance products, up-to-date ISO commercial lines rating content, and the ability to create fully custom products, Builder provides the flexibility for managing complex multi-product, state and carrier programs, its built-in testing tools and audit trail ensure compliance and transparency, reducing time to market and cutting operational costs.

Benefits of Builder

With Builder and our expert initial product configuration team, you'll receive a tailored insurance product ready for your needs. Your business analysts or tech team can then seamlessly manage updates as your product changes over time.

The platform’s microservice architecture allows teams to work concurrently and independently, streamlining development and maintenance, enhancing scalability and flexibility and reducing costs.

Efficiency

The availability of pre-configured base products and up to date ISO commercial lines rating content significantly reduce time-to-market, allowing businesses to quickly deploy and maintain their insurance offerings.

Comprehensive

Pre-configured base products include full rating capabilities, policy life cycle functionality, document generation,  and processing rules, ensuring comprehensive support for full policy administration.

Customize

Ability to create new products or customize our base products.  Include your carrier-specific coverages, forms, rates, and underwriting rules, and 3rd party integrations for a fully tailored solution.

Document and Rule Management

Ensures precise and easy management of policy documents, forms, and form rules, as well as eligibility, underwriting, and processing rules, enhancing operational accuracy and compliance.

Test and Deploy

Facilitates a unified environment for development, testing, and production, allowing business analysts to create, test, and deploy changes without needing DevOps support, streamlining the product lifecycle.

Full Audit Trail

Maintains an activity log that tracks all changes made to insurance products, providing transparency and accountability within the product management process.

Robust Architecture

The platform's microservice architecture allows for specific functional enhancements, ensuring the toolkit remains adaptable and scalable to evolving business needs.

True Cloud

Built as a cloud-native solution, it avoids the limitations of legacy applications and offers scalability, reliability, and continuous integration benefits.

Initial Configuration of Insurance Products

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Pre-Configured Base Products
Choose from a range of pre-configured P&C personal and commercial products within our platform. These base products give you a head start, reducing time-to-market and enhancing efficiency.
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ISO Commercial Lines Products
For customers requiring Commercial Lines ISO Rating, we electronically consume the ISO countrywide and state specific rating content and its circulars into our platform as they are released from Verisk.
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Custom-Built Products
When your product is one-of-a-kind, Builder provides the ability to expertly configure it from the ground up, tailored precisely to meet your specific policy administration requirements.
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