Solartis

The Solartis Insure platform is a complete set of insurance sales and policy life cycle microservices in a secure, redundant, enterprise-level cloud environment

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The Challenge:
CHIC, a start-up insurance company, needed to launch a commercial auto program.

The Solution:
Solartis Administer and Solartis Insure Policy Administration Platform.

The Result
Solartis empowered CHIC to generate immediate revenue.
https://t.co/z8gxBVznYH

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Insurance companies are gaining a competitive advantage and providing outstanding customer experiences by embracing insurance technology.

Insurers now need a flexible, adaptive, and customizable system for insurance policy administration. https://t.co/sLGLsbspz9

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Monolithic systems face limitations in scalability, flexibility, and adaptability to changing business needs.

Learn more about how microservices are revolutionizing policy administration: https://t.co/2RsdgI8j7e

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Digital transformation has been a challenge for the insurance industry; due to widespread reliance on outdated, legacy systems.

APIs can help insurers add features and functionality without requiring a completely new system.

https://t.co/v35CYO2i8n

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Business process outsourcing (BPO) allows insurers to tap into a wealth of back-office talent and expertise.

At Solartis, we accept less than 10% of applicants and provide rigorous training, shadowing, and mentoring new hires.

https://t.co/Hda9wcJW68.

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The successful implementation of any policy administration system requires a clear understanding of customer requirements from day one.

Learn about our unique approach to the requirements process.
https://t.co/ceRIef5RtW

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Do you know the differences between microservices and APIs?

These are both crucial components to modernizing policy administration and advancing your digital transformation journey.

https://t.co/BurQlnJnDY.

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Business process outsourcing (BPO) shouldn’t be one-size-fits-all.

To truly improve efficiency, you need a BPO provider that seamlessly integrates with your processes and systems.

Learn how: https://t.co/kHMK2EMdL7.

#BPO #insurance #businessagility

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Speed to market is about how the tools you use to configure, test and launch products.

That’s where our Solartis Builder low-code toolkit comes in. Business users can now assume 95% of the tasks needed to configure, test, and launch insurance products. https://t.co/YVAf68dVYN

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“Launching new insurance products is expected to get off the ground in weeks rather than months, so the expected time to market for insurers continues to shrink as business agility becomes an even greater priority.” - Siby Nidhiry. https://t.co/1QFXC5Ez55

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2024 is shaping up to be the year insurers must decide where to place their technology “bets.”
From digital transformation to improving the customer experience, the insurance technology landscape is full of opportunities. Learn more: https://t.co/DeCfpxQrGw

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“Business agility, technology specialization, and scalability concerns demand that insurers be able to easily integrate and communicate with external systems.”

Wise words from our President of Technology and Innovation Siby Nidhiry.

Learn more: https://t.co/ezhVG9PCQq

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Not all tasks have an equal impact. For many insurers, repetitive tasks are resource-intensive but low impact.

Learn how business process outsourcing (#BPO) can free up your staff’s time to focus on more high-impact work and reduce turnaround time.
https://t.co/Qvm79RKJal

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We all want to leverage #automation, but what use cases will be most impactful? 50% of insurers are prioritizing workflows.

Learn how one MGA representing multiple homeowner insurance carriers realized 50% revenue growth by optimizing their workflows: https://t.co/jWLiBTPGff

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Growth requires innovation. But what creates innovation? We believe it combines market opportunity, data-backed strategy, and execution capability.

All three came together for a New Jersey-based insurer that wanted to start providing policies. Learn how: https://t.co/ooJaCbSRg2

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20% of insurance leaders said #digitaltransformation was their biggest barrier to securing future revenue in 2023.

Modern administration software can revolutionize your operations and help you seize growth opportunities this year. https://t.co/jpIMQPJw7M

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Legacy technology holds insurers back. Slow updates, high ownership costs, and siloed data all impact how product management and agility.

Thankfully, there are better options. Learn Solartis Builder, a low-code insurer toolkit: https://t.co/uL4Neh7Lcg

[Solartis @Solartis]

Speed to market will be more critical than ever for insurers in 2024. The faster you get new products to market, the less competition you face.

Learn how insurers are utilizing software to cut their time to market in half: https://t.co/j0JhpPCAPv

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Did you know that 65% of insurers increased their investment in robotic process automation last year? What are some of the trends that are helping companies stand out and grow? Get more info in the 2023 P&C Insurance Trends Guide! https://t.co/nrdGrH8Ois

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Solartis BPO Services - 300 submissions processed per day with turnaround times of less than 1 hour. See how Solartis helped a customer achieve that in just two weeks. https://t.co/7nfTIj1mfG