The toolkit used by Business Analysts to create and manage both Personal and Commercial P&C insurance products in the Solartis Platform.
All Solartis Insurance products are developed and maintained in the Solartis Product Management Tool (PMT). The PMT is built specifically for insurance and just like Solartis Insure, the PMT is built with true cloud services and no legacy applications. Here is a high-level overview of the PMT’s components and capabilities:
Create Insurance Products: New insurance products can be either configured from scratch or can be created from other product content, or bureau-based content like ISO ERC. Solartis digitally consumes all the ISO ERC countrywide & state files (and all its versions) into the Solartis platform. (i.e., States, coverages, rate tables, UI/UX pages and their attributes, algorithms, forms selection rules, and stat codes). Solartis then uses the PMT to configure your carrier exceptions, eligibility and referral processing rules as well as your carrier-specific policy documents and their associated forms. All initial release testing and deployment to production is performed in the PMT by Solartis.
Maintain Product(s): An MGA / Carrier uses the Solartis PMT to manage all aspects of their insurance products; they can adopt or create new product versions, maintain states, coverages, rate tables, lookup tables, UI/UX pages and its attributes (metadata), all policy documents and their associated forms, as well as the processing rules and algorithms.
Test and Promote: Solartis has one environment for development, testing and production. Changes are created, tested, and deployed into production using the PMT by business users without any assistance from DevOps.
Activity Log: Solartis PMT provides a full audit trail of all changes made to insurance products, as well as who performed the changes and when.