The reason insurers have been unsuccessful in solving their technology issues isn’t a lack of capital, realization of risk, nor apathy. The reason insurers have been unsuccessful in solving their technology issues boils down to a disconnect between contemporary technology solutions/modern system architecture and a detailed understanding of the unique business requirements, complex regulations, and numerous third-party interfaces.
Why today's process is broken
The Disconnect
Understanding challenges, nuances and
complexities facing insurers.
In-house technology teams
Many insurers have tried to use their in-house technology team (who knew their business and legacy technology intimately, but were generally behind the rapidly changing technology curve). Further, most IT teams for insurers are already completely buried with enhancement requests and are simply struggling to just ‘keep the lights on’ with their current legacy system.
Outside software providers
Others have looked to outside software providers that claimed to be leaders in contemporary technology solutions, but lacked any real understanding of the challenges, nuances and complexities facing insurers – starting with how entrenched and pervasive these legacy technologies were throughout the insurer’s operations.
Revolutionize your customers’ entire
insurance cycle process
Solstice has developed a state-of-the-art P&C platform focused on Homeowner’s and Flood that will help revolutionize your customers’ entire insurance cycle process. It is the first-ever artificial intelligent (AI), machine learning (ML), and Hyperautomation insurance ecosystem to change the relationship between the insurance industry and technology. Solstice brings the latest technology, deployed completely in the cloud in a SaaS model.
Control your future.
Join the platform.
Let go of the technology anchors that are holding you back and allow us to help you finally pursue your lofty business goals with the empowering technology from Solstice. Learn more about how our insurance technology solutions can help you.
