Policy administration microservices can be challenging. And insurance companies that are considering breaking down monolithic solutions into agile, flexible microservices need lots of information before they can begin.
That’s why Solartis recently unveiled a Frequently Asked Questions (FAQ) page, specifically for business leaders that are looking to learn more about policy administration microservices. Some of the page highlights include:
What is Solartis Insure?
Solartis Insure is an API-centric policy administration platform built totally on microservice architecture. The platform is deployed in a cloud infrastructure and supports the full policy life cycle process (e.g., submission, rate, quote, refer, bind, ePay, issue, renew, endorse, cancel, reinstate, audit, etc.) for all P&C personal and commercial lines of business.
Do you provide different delivery Models for Solartis Insure?
Yes. Customers can choose from the delivery models including Software-as-a-Service, Platform-as-a-Service, or Rating-as-a-Service - whichever best meets the needs of their tech initiatives, lines of business, programs, distribution channels and user types.
How do you support ISO-based Commercial Lines Rating?
A game-changing feature of the Solartis Platform is our consumption and use of ISO Electronic Rating Content (ERC) for ISO Commercial Lines of Business. Solartis engineers have spent the past three years “cracking the code” on how to natively consume ISO digital rating, algorithm, form selection, and statistical coding data. The result is an ever-growing library of pre-configured pure ISO Commercial Lines of Business versions with the latest ISO Circulars and updates.
What reporting capabilities are included with Solartis Insure?
Solartis Insure supports full reporting and analysis on all data stored or imported into the Solartis Insure Platform. We provide:
- The Solartis Reporter Platform
- Custom Dashboards
- Canned Reports - predefined reports with filters
- Analysis Reports – Point and Click Adhoc reports using OLAP Cubes
- Solartis Reporting Database
- We provide a near-real-time replicated reporting database instance for customers to develop their own reports using their own reporting tool or to pass data to downstream systems.
Business users can create custom reports without any additional IT resources required.
If you have additional questions about Solartis Insure or are looking for information on specific microservices, check out our new FAQ page. Or, conversely, you can always contact Solartis directly. We’d love to hear from you!