ReleaseWire Connect

Joyn Insurance's Spark, built on the Solartis Insure microservices platform, has won the 2023 Celent Model Insurer Award for Digital and Emerging Technologies. Celent recognized Spark as "a model of how best-of-breed insurance technology can integrate with specialized in-house systems to offer a better experience for users."

Joyn Insurance, a New York City-based startup that will underwrite small to mid-market commercial insurance, has selected Solartis as their policy administration platform provider. Leveraging the Solartis microservices-based technology as their underlying platform, Joyn can focus their team on implementing their own innovative and data-driven underwriting solution.

Solartis Administer now runs on Solartis OptimX, a proprietary workflow technology that addresses the limitations of traditional insurance BPO offerings.

In 2016, Munich Re established their own startup unit, Digital Partners, with a vision to develop an ecosystem for insurance startups to flourish. The aim for partnered insurtechs is to build profitable partnerships and to enhance the insurance industry's customer engagement. A key decision in a young company's life is whether to ''build vs buy" the technology they need to support their business model. After performing extensive due diligence on the available options and from their experiences working with over 20 start-ups, Digital Partners has selected Solarisis as a preferred insurance technology provider for policy administration services.

Solartis is pleased to announce the kickoff of its Insurance Microservice Hackathon at the IASA Conference. The Hackathon starts at 8 am on Monday, June 4th 2018 and will be open until 5 pm on Friday, June 22nd, 2018. We invite software developers to submit entries using our microservices to create a workflow that provides meaningful value in the insurance value chain. Solartis will be awarding a total of $11,500 in prizes for the winning entries.

Solartis introduces a first of its kind for insurance technology initiatives, a catalog of microservices that support the full quote and policy life cycle.

Solartis announces the release of its first Blockchain microservice; a Proof of Insurance API on the Solartis InsuranceLedger Blockchain. The service generates on-demand Proof of Insurance information for use on Certificates of Insurance, Evidence of Insurance, and Auto ID cards, as well as all other proof of insurance documents. This easy to use microservice sources trusted policy data from carrier and/or agency management systems, posting it to a securely partitioned transaction ledger on the Solartis InsuranceLedger Blockchain.

Solartis (www.solartis.com) announced today that Jonathan Kaplan has joined the company to assist in expanding their technology offering to Property and Casualty insurance companies. Jon comes to Solartis with over twenty-five years of experience building flexible, metadata-driven systems within the Industry. Most recently, Jon was VP of Products at Majesco, responsible for building modern solutions for their extensive customer base. Earlier in his career at AscendantOne/ISO-ITS, Jon led the team that built the tools and technology behind what has become the ISO Rating Service and ISO Electronic Rating Content™.

Solartis announced the immediate availability of a rating micro service (API) that customers can access via an XML or JSON call from their technology environment. The new rating micro service supports ISO commercial lines programs through its automated consumption of ISO Electronic Rating Content™ (ERC™). Its lightning-fast performance, from milliseconds for simple risks to a few seconds for large risk schedules, is unprecedented. Customers configure their carrier product exceptions to ISO in their existing policy administration system or in the Solartis Insure platform—their choice! In either case, the carrier product exceptions sit "on top" of the ISO ERC™ countrywide and state versions, thus preserving the carriers' deviations upon subsequent updates to ISO rating content.

Solartis announced the commercial availability of ISO General Liability rating data and rules for quote and policy life cycle transactions on the Solartis Insure™ platform. Solartis natively imports ISO Electronic Rating Content™ (ERC™) into the Solartis Insure platform for use in admitted and non-admitted insurance products. The latest releases of ISO ERC™ are available for use in the Solartis Insure platform within 24 hours of their publication by ISO. Commercially available now on the Solartis Insure™ platform are the ISO ERC™ library for ISO General Liability, Commercial Auto, Inland Marine, Commercial Umbrella and Business Owners lines of business.