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United States
2004 (22 Years)
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Get to know Solartis
Get to know Solartis
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Summarization
Solartis is a cloud-based software company specializing in providing cutting-edge insurance technology solutions. Established in 2004, the company serves insurance providers with a comprehensive suite of tools covering rating, underwriting, policy administration, claims management, and billing. Headquartered in Manhattan Beach, California, Solartis boasts a workforce exceeding 1,000 employees and generates substantial annual revenues, currently reported at $137 million [1][2]. The company's focus is on streamlining and automating the complexities of the insurance lifecycle, delivering efficient and effective solutions to its clients.
Solartis has carved a significant niche for itself within the insurance technology landscape. Its reputation rests on its innovative approach and commitment to developing advanced solutions. A key strength lies in its microservice-based policy administration platform, which supports the entire policy lifecycle for both personal and commercial lines of property and casualty (P&C) insurance. This modular design allows for flexibility and scalability, adapting seamlessly to the unique needs of diverse clients. Beyond its core platform, Solartis extends its offerings to include comprehensive business process outsourcing (BPO) services, further enhancing its value proposition. This range of services encompasses data entry, customer support, accounting, human resources, transaction processing and brokerage/binding, providing a one-stop shop for various insurance operational needs [1][2]. This integrated approach simplifies operations and significantly improves efficiency for its clients.
Solartis commenced operations in 2004 with a clear vision: to maximize the value of insurance by leveraging technology to simplify and automate the traditionally complex insurance policy lifecycle [1]. This founding principle has guided its growth and innovation ever since.
While Solartis doesn't publicly detail its specific regulatory compliance information or certifications, its position as a reputable and established player in the insurance technology market suggests adherence to all relevant industry standards and regulations. Maintaining regulatory compliance is crucial for operating within the insurance sector, and the company's longevity suggests a robust commitment to this.
Solartis primarily focuses on property and casualty (P&C) insurance, encompassing both personal and commercial lines of business. Its platform facilitates the complete policy administration process, seamlessly integrating rating, underwriting, claims processing, and billing functions [1][2]. This comprehensive approach addresses the diverse needs of insurers across various sectors.
While specific coverage details aren't publicly available, Solartis' platform is designed for adaptability and scalability, enabling it to tailor coverage options to meet the specific requirements of a wide range of clients. The flexible nature of the platform ensures that insurers can offer diverse and customized policies to their customers.
Beyond its core policy administration platform, Solartis offers a broad suite of BPO services designed to optimize insurance operations. These services include:
These supplemental services are designed to enhance efficiency and reduce operational costs for insurance companies, allowing them to focus on core business functions [1].
Solartis employs a service-based pricing model, with rates varying based on the specific products and services utilized. While precise premium rates aren't publicly disclosed, the company offers flexibility through hourly, project-based, and subscription-based options. Significant discounts are available for long-term contracts and high-volume commitments [1]. This flexible approach caters to the diverse needs and budgets of various insurance providers.
Direct comparisons of Solartis’s pricing with industry averages aren't readily available. However, the company’s focus on automation and operational efficiency strongly suggests a competitive pricing structure, ultimately benefiting its clients.
Solartis offers a range of discounts to incentivize clients and reward loyalty. These include:
While specific details are not publicly shared, Solartis occasionally offers promotional deals and limited-time offers, adding further value for its clients. These offers can be beneficial for those seeking cost-effective insurance technology solutions.
Solartis prioritizes customer satisfaction by providing multiple channels for support:
Solartis offers 24/7 support for critical issues, ensuring prompt assistance when needed. Additionally, multilingual support caters to a diverse client base [1][2]. This commitment to readily available and inclusive support enhances client satisfaction and confidence.
Solartis is a reputable and established provider of insurance technology, offering comprehensive solutions for property and casualty (P&C) insurance companies. Its microservice-based platform supports the entire policy lifecycle, while its BPO services streamline operational efficiencies. Despite the limited public disclosure of certain details, Solartis' focus on automation, flexible pricing, and robust customer support make it a competitive and attractive option in the industry.
Solartis' solutions are particularly well-suited for a range of insurance providers, from startup companies seeking efficient foundational tools to established firms looking to optimize their existing processes. The platform's flexibility, comprehensive coverage options, and customizable pricing make it a valuable asset for those seeking reliable and effective insurance technology solutions.