The Solartis Platform

Introduction to Solartis Insure and our Delivery Options

Solartis Insure is a very different kind of policy administration system.

Solartis Insure is an API-centric policy administration platform built from the ground up 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.). Solartis supports all P&C personal and commercial admitted and non-admitted lines of business. Our customers access our microservices through Solartis provided screens or via API calls from their tech platforms.

“With microservices and other Insurtech innovations, the insurance industry is now able to rethink how insurance fits into the fabric of our personal and business lives. The ultimate winner will be the customer.”
- Nick Richardson, Solartis President and CEO

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Since every company has unique policy administration needs, we make our policy life cycle microservices available in three different delivery options

 

Solartis Insure Function as a Service (FaaS) – This “only what you need” option allows you to mix and match, choosing only the services that you need. Use an individual service (i.e. Clearance, Rating, Document Generation) to replace costly components in your existing technology platform, or use one (or more) services in your new system or channel partner technology platforms to reduce project risk and expedite development efforts.

Platform-as-a-Services (PaaS) – This “Solartis Inside” option provides our stateful sales and policy life cycle microservices (accessed through APIs) without the user interface. This option allows your IT team to develop and design the user interface and business flow in-house. Our sales and policy life cycle microservices are accessed via an XML or JSON request and the return response provides the requested transaction/information. This option allows your IT team (or your digital partners' IT team) to control the project. It reduces the development time and the cost and minimizes project risks as all policy admin functionality and rating content comes pretested and ready to go. Average time to Release Candidate /UAT (your work and our work) 75 days.

Software-as-a-Service (SaaS) – This “total solution” option provides all the needed sales and policy life cycle capabilities (microservices) including the user interface, business flow, required integrations, and reporting database. This option is currently used in consumer portals, broker/agent systems, and full-blown insurance carrier underwriter systems. The average time to Release Candidate (UAT) is 90 days. Note: These same underlying microservices can also be used in channel partner technology platforms.

Policy Administration is not a one size fits all solution. You need to select a solution that is right for you.

In this video Carol McKenzie, VP of Sales and Marketing explains the Solartis Insure three delivery options. Check it out and see if one of them is right for you.

Give Solartis Policy Lifecycle Microservices A Try In Our 3 Sandbox Environments

 

Still not sure how Solartis microservices can help?

Contact a member of our team.

 
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