About Solartis inc
Solartis Inc: Revolutionizing the Insurance Industry with Innovative Technology
Solartis Inc is a leading provider of insurance technology solutions that help insurers to be more competitive, agile, and future-focused. With Solartis Insure Quote and Policy microservices, insurers can launch their products 50% quicker and create a unique and innovative technology platform for customers and their agents to buy and manage insurance products.
The company was founded in 2005 by a team of experienced insurance professionals who recognized the need for modernization in the industry. They saw that traditional methods of underwriting, policy administration, claims management, and customer service were outdated and inefficient. They believed that technology could transform these processes by automating them with advanced algorithms, data analytics, artificial intelligence (AI), machine learning (ML), cloud computing, APIs (Application Programming Interfaces), microservices architecture, blockchain technology.
Solartis Inc has since become a pioneer in insurtech innovation by developing cutting-edge software solutions that enable insurers to streamline their operations while enhancing customer experience. The company's core values are centered on delivering value to its clients through quality services that meet or exceed expectations.
One of Solartis' flagship products is Insure Policy Administration System (IPAS). IPAS is an end-to-end policy administration system designed for property & casualty (P&C) insurers. It provides comprehensive functionality for policy issuance/renewal/endorsement/cancellation/ reinstatement/billing/accounting/reporting/claims management across all lines of business such as personal auto/homeowners/commercial auto/general liability/workers' compensation/farmowners/marine/inland marine/excess & surplus lines/specialty programs.
Another product offered by Solartis is Insure Connect API Platform. This platform enables insurers to integrate their systems with third-party data sources such as credit bureaus/driving records/geocoding/weather forecasts/social media feeds/news feeds/risk models/fraud detection tools. It also allows insurers to expose their products and services to external partners such as brokers/aggregators/affinity groups/insurtech startups.
Solartis' Insure Quote microservice is a cloud-based rating engine that enables insurers to generate accurate quotes for their products in real-time. It supports various rating methodologies such as manual/class plan/rule-based/algorithmic/benchmarking. It also provides advanced features such as multi-state/multi-lingual/multi-currency support, product configuration, user-defined rules, data validation, and error handling.
Solartis' Insure Policy microservice is a cloud-based policy issuance engine that enables insurers to issue policies for their products in real-time. It supports various policy types such as new business/renewal/endorsement/cancellation/reinstatement/billing/accounting/reporting/claims management across all lines of business. It also provides advanced features such as document generation, e-signature integration, payment gateway integration, and workflow automation.
Solartis' Insure Claims microservice is a cloud-based claims management engine that enables insurers to manage claims for their products in real-time. It supports various claim types such as first notice of loss (FNOL)/adjustment/reserving/payment/settlement/reporting across all lines of business. It also provides advanced features such as fraud detection/prevention tools, subrogation management tools, litigation management tools.
In conclusion, Solartis Inc is an insurtech company that offers innovative technology solutions for the insurance industry. Its flagship products include IPAS (policy administration system), Insure Connect API Platform (integration platform), Insure Quote microservice (rating engine), Insure Policy microservice (policy issuance engine), and Insure Claims microservice (claims management engine). These solutions enable insurers to be more competitive by launching their products 50% quicker while creating a unique and innovative technology platform for customers and their agents to buy and manage insurance products. Solartis Inc is committed to delivering value to its clients through quality services that meet or exceed expectations.