Solartis Introduces the First of Its Kind; an Insurance Microservices Catalog That Supports the Full Quote and Policy Life Cycle
Solartis Insure's catalog of microservices is a different approach to policy administration system architecture. Carriers are no longer constrained by their monolithic technology platforms, they can now replace costly components, extend, orchestrate, and collaborate with third party providers to create unique customer ecosystems to simplify the process of purchasing and managing insurance.
"Microservices is an important part of the new recipe for insurance product development. Our research confirms that material cost and time reductions are being realized through their use. These benefits will eventually be table stakes, but currently they are delivering early mover advantages to insurers pursuing microservices."
Solartis Insure's discrete RESTful webservices are used today in carrier technology systems as well as in agency and consumer sites, and the same microservices are extended to channel partner technology platforms. Decoupling the user experience from the underlying policy administration services allows Solartis or the customer to rapidly and inexpensively configure new products (in under 75 days) and work in parallel on their unique branded user experience.
The Solartis Insure Microservice Catalog consists of 5 categories of APIs:
- Submission and Quote Life Cycle APIs
- Policy Life Cycle APIs
- Document Generation APIs
- Billing Life Cycle APIs
- Discrete Service APIs
For the full list and descriptions of each API visit the Solartis website: https://www.solartis.com/solartis-insure-microservices-catalog/.
About Solartis - SIMPLIFYING INSURANCE ADMINISTRATION
At Solartis, our mission is to simplify insurance administration. Our focus is exclusively on insurance. Our customers are insurance carriers, managing general underwriters/agencies, brokers, captives, and risk managers. Today we have over 750 employees in multiple onshore and offshore locations. Every Solartis customer is a Solartis reference.
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