Insurance policy lifecycle

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Insurance Policy Life Cycle
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Introducing Solartis Insure

• The system supports the requirements of both your
  internal users as well as external users who are
  typically agents, brokers, TPAs and
  policyholders. Easily integrate Solartis Insure
  with your in-house and third party systems using
  web-services for seamless processing activities.

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Solartis Insure Program
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Benefits

• Level and then tilt the playing field
• Reduce your costs and make them variable
• Improve collaboration inside and outside your
  organization
• Get live, faster!
• Rollout the latest proven and tested technology
  before your competitors

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Policy Life Cycle

• Solartis Insure Supports the entire sales and
  policy life cycle or just the components you
  need.
• 1. Available in three delivery models
• Software as a Service (with our User Interface)
• Platform as a Service (with your User
  Interface)
• Rating Engine (for use with your policy admin
  system).
• 2. Integrated with third party digital content
  (e.g., ISO Electronic Rating Content,
  GoogleMaps, Thomson Reuters Oden) to speed up
  time to market, guarantee accuracy andminimize
  implementation risks.
• 3. Deployed on all consumer devices mobile,
  tablets and traditional computer
  browserinterfaces.
• 4. Pricing is transaction based no upfront
  license fees and you only pay for what you use.

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Policy Life Cycle Process
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True On-Demand Policy Life Cycle Processing

• Cloud Services Support the entire policy life
  cycle or just the components you need
• Flexible distributed processing options (e.g.,
  insured, broker, carrier). The right approach for
  each insurance program
• Elastic Scales to your needs to support user
  and policy peaks and valleys
• Deployment Private, Hybrid, Public Cloud
  options
• High Availability (HA) near real-time
  replication and Disaster Recovery (DR) data
  centers
• Consumer Trends mobile devices, tablets and
  traditional computer browser interfaces

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Solartis Risk Policy Manager

• Insurance Policy Management Tracks and manages
  insurance policy information as it changes over
  time. Stores insurance policies, related
  documents, conversation notes, and emails.
• Insurance Policy Document Issuance Issues all
  your insurance policy documents (new business
  policies, endorsements, renewals, cancellations
  and reinstatements) for your purchased policies,
  Captive, RRG, and/or Self-Insured policies.
• Covered Participant Management Manages and
  tracks of your covered participants (e.g.,
  members subsidiaries, business units, profit
  centers, property locations), contact info, and
  related documents.
• Location, Building, Risk Management Manages and
  tracks your locations, buildings, and risks as
  they change over time.
• Risk Detail Management Manages and tracks all
  your Risk details as they change over time (e.g.,
  property COPE data, covered vehicle details,
  scheduled items, events, workers).

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Why Consider Solartis Administers for Insurance
BPO?

• Solartis Administer is an on-demand business
  process outsourcing service that removes the
  never ending struggles of employee turnover,
  training, and lack of available administrative
  resources. Solartis provides a team of insurance
  experts who are equipped to work with your
  technology and business processes. We eliminate
  backlogs within days without disruption to your
  clients. Once the backlogs are cleared
• Submissions are routed to the appropriate
  underwriter within 30 minutes
• Policies are issued within 1 day
• Certificates of insurance are issued within 1
  hour
• All loss runs are provided the same day

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How Solartis Risk Policy Manager helps you?

• Efficiently deal with your administrative tasks
  and take on the strategic role of a Risk Manager.
  Solartis Risk Policy Manager makes that
  possible.
• Complete Transparency
• Allocate Premiums Accurately and Consistently
• Easily Create, Manage and Find Everything You
  Need
• Enjoy the Benefits of the Cloud
• Free Yourself with Self-Service Tools

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Solartis Administer

• THE BUSINESS CHALLENGEA multi-regional US
  customer experienced large growth in both their
  personal and commercial lines business. Even with
  excellent systems and business processes in
  place, this growth, coupled with hiring, training
  and staff turnover issues challenged their strong
  reputation of superior service.
• THE RESULTOur customer implemented Solartis
  Administer services in areas of the company that
  generally had a high turnover employee rate
  (e.g., back office administrative tasks, policy
  issuance activities, endorsement processing,
  etc) This allowed our customer to reallocate
  strong resources to higher value activities and
  allowed for natural attrition.
• THE SOLUTIONSolartis team members worked side
  by side with this customers operational staff.
  Using the customers existing processing systems,
  we started out slow and assumed additional
  business processes over time. This allowed our
  customer to assess our capabilities On-Demand
  business model.

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Solartis Administer

• THE BUSINESS CHALLENGE
• Our customer wanted flexible Policy life cycle
  services for its diverse and ever changing
  commercial and personal insurance products. Their
  goal is to use an enterprise wide policy
  solutionthat was flexible, highly configurable
  and could scale to meet projected 5 to 10 year
  growth plans.
• THE RESULT After the initial
  implementation of Solartis Insure, our customer
  increased its policy production from 300 to 400
  policies per month to over 10,000 policies per
  month today. This has resulted in an increase in
  revenue over a period of 6 years while reducing
  their policy administration and IT costs.
• THE SOLUTIONSolartis provided this customer with
  an enterprise level quote, policy administration,
  certificate issuance and billing
  Software-as-a-Services. The primary users are
  thousands of retail agents across the US and
  internal underwriters in multiple offices.

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Contact Details

• Mailing Address
• Solartis1601 North-Sepulveda Blvd.Suite
  606Manhattan Beach, California 90266

• Sales
• Carol Mowry McKenzieVP Sales and
  Marketingcmowry_at_solartis.com Office
  570.815.4556

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