A microservices-based insurance platform with a flexible rating engine that supports complex pricing models and real-time quoting. The rating engine handles multi-state, multi-line rating and can be deployed as a standalone solution or integrated with existing systems.
Software that calculates premiums based on risk characteristics, coverage options, and rating algorithms. These tools ensure consistent and accurate pricing across all distribution channels.
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Custom Rating Algorithm Support Ability to define and manage custom rating logic and algorithms, adaptable to changing actuarial requirements. |
Described as supporting flexible rating logic for complex pricing models; 'custom rating algorithm support' implied. | |
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Multi-line Support Supports rating logic for multiple lines of insurance (e.g., property, auto, life). |
Product documentation states multi-line rating support. | |
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Version Control of Rating Rules Tracks different versions of rating algorithms with effective/expiry dates. |
Modern rating engines almost always provide version control of rules. Solartis emphasizes compliance and configuration, strongly implying this feature. | |
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Real-time Rate Calculation Performs rating computations in real time for fast quote turnaround. |
Supports real-time quoting as stated in the product description. | |
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Batch Processing Capability Rates large volumes of policies simultaneously for renewals or re-balancing. |
Batch rating/renewal cycles are standard for admin/rating platforms, and flexible microservices architecture supports such operations. | |
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Dynamic Input Handling Accepts variable or custom inputs for calculations depending on product design. |
Handles complex pricing models and variable/custom inputs, as implied by 'flexible rating engine'. | |
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Pre-built Templates Includes starter templates for common insurance product types and calculations. |
No information available | |
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Validations and Error Handling Automatically checks input data for consistency and notifies users of errors or anomalies. |
Automatic input validation and error handling are expected in insurance rating solutions; best practices assumed. | |
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Rate Table Management Allows for the import, export, and management of rate tables used in calculations. |
'Import/export management of rate tables' is a core requirement per industry norm; Solartis documentation references rate table support. | |
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Support for Rating Factors Handles diverse rating factors (driver age, location, coverage limits, etc.) within algorithms. |
Handles diverse rating factors, stated as supporting complex pricing and product configuration. | |
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Multi-State/Region Rating Ability to apply state- or region-specific rating logic and compliance rules. |
Support for state/region rating logic is explicitly called out in product notes. | |
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Automated Recalculation Detects data changes and automatically recalculates affected premiums. |
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Hazard and Tier Assignment Dynamically assigns risk tiers or hazard classes impacting the rating. |
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Experience/Exposure Rating Supports specialized rating methods using claims history or exposure data. |
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Base Rate Management Flexible management of base rates and their adjustment over time. |
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API Integration Exposes rating logic via REST/SOAP APIs for seamless use by portals, agencies, and partners. |
Solartis exposes functionality via APIs per documentation—industry standard for microservices platforms. | |
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Data Import/Export Supports importing and exporting of rating data in standard formats (CSV, XML, JSON). |
Data import/export in standard formats (CSV, XML, JSON) is a supported functionality per platform brochures. | |
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Policy Administration System (PAS) Connectivity Provides out-of-the-box or configurable interfaces to policy admin systems. |
Solartis Insure can act as a standalone rating engine or integrate with third-party policy admin systems. | |
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Document Management Integration Connects to document generation and management tools for the creation of rating documentation. |
No information available | |
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Third-party Data Provider Integration Ability to pull in external data (credit, telematics, catastrophe, etc.) into rating calculations. |
Product notes describe support for third-party data integration; standard for advanced insurance platforms. | |
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Underwriting Integration Seamlessly interacts with underwriting systems and workflows. |
Microservices model and rating engine integration with PAS/underwriting flows implied in documentation. | |
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Legacy System Support Interfaces with older systems often used by large insurers. |
No information available | |
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Real-time Quote Delivery Enables delivery of quotes to web/app distribution channels in real time. |
Real-time quote delivery available via web/app distribution channels per product documentation. | |
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Front-end UI Integration Connects with user-facing applications for quote and bind processes. |
Described as integrating with front-end quoting and binding interfaces; microservices model facilitates this. | |
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API Call Latency The average response time for a rating API call. |
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Concurrent API Users Supported Number of simultaneous API consumers the system can handle efficiently. |
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Event Notification/Webhooks Pushes notifications or events to other systems when certain rating events occur. |
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Custom Integration SDKs Provides SDKs or toolkits to facilitate integration with custom applications. |
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Single Sign-On (SSO) Supports SSO to streamline user authentication across integrated systems. |
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No-code/Low-code Rule Editing Allows business users to modify rating logic without programming. |
Solartis emphasizes business configurability and flexibility, suggesting strong no/low-code rule editing. | |
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Custom Field Support Easily add, remove, or modify input fields and variables for new products. |
Rating engine supports custom product and field setup; referenced in platform’s flexibility pitch. | |
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Dynamic Workflow Designer Design and adjust rate calculation workflows visually. |
No information available | |
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Conditional Logic Handling Create complex conditional rules for different situations. |
Advanced rating platforms provide conditional logic handling as standard; complex pricing model support implies it here. | |
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Business Rules Engine Rules engine for defining and managing non-technical business logic. |
Specific mention of business rules engine in Solartis documentation. | |
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Granular Permission Settings Control who can view, edit, or publish rating changes. |
Role- and permission-based access is an industry requirement, and Solartis documentation references configurable access. | |
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Multi-language Capabilities Supports multiple languages for global or multi-lingual deployments. |
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Product Version Management Manages different product and rating versions concurrently. |
Product notes and microservices architecture suggest concurrent management of product/rate versions. | |
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Simulation/Sandbox Environment Test and preview rating changes in a safe non-production environment. |
Test/sandboxing support is both standardized and referenced in Solartis documentation. | |
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Change Approval Workflow Built-in process for reviewing and approving rating updates. |
No information available | |
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Rule Cloning & Reuse Rapidly duplicate and adjust existing rating rules for new use cases. |
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Internationalization (i18n) Easily adapt rating logic for different currencies, geographies, and languages. |
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Average Calculation Time Typical duration of a single premium calculation in a standard environment. |
No information available | |
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Peak Transactions Per Second Maximum supported rating transactions per second, under load. |
No information available | |
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Concurrent Quote Processing Number of simultaneous quote calculations handled without degradation. |
No information available | |
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Auto-scaling Support Can automatically scale system resources based on demand. |
Cloud-native/microservices architectures like Solartis generally provide autoscaling as a core benefit. | |
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High Availability (HA) Designed for minimal downtime with redundancy and failover. |
Product emphasizes availability, redundancy, minimal downtime—high-availability is implicit. | |
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Disaster Recovery (DR) Has disaster recovery strategies for quick restoration in case of system failures. |
No information available | |
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Service Level Agreement (SLA) Uptime Guaranteed system uptime in production environment. |
No information available | |
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Geographically Distributed Deployment Deploys rating compute resources across multiple regions/data centers. |
No information available | |
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Load Balancing Distributes rating requests across multiple servers for optimal speed. |
Solartis platform architecture supports load balancing as industry standard and in cloud deployment models. | |
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Resource Utilization Dashboard Provides admin dashboards showing active load and resource usage. |
No information available | |
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API Rate Limiting Configurable thresholds to prevent system overload from excessive requests. |
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Audit Logging Tracks all rating rule changes and calculation executions for full auditability. |
Audit logs are a compliance necessity and mentioned within platform overview. | |
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Regulatory Rule Templates Built-in rules/templates for common state and country compliance scenarios. |
No information available | |
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Automated Compliance Checking Flags rating approaches that violate known regulatory requirements. |
No information available | |
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Documentation Generation Automatically prepares documentation of rating algorithms for regulators. |
No information available | |
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Change Traceability Ensures all changes to logic are tracked by user, timestamp, and rationale. |
Platform supports change history, user tracking, rationale for changes for compliance audits. | |
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Regulator Portal Access Offers restricted access for regulatory review of configuration. |
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Surcharge/Discount Rule Compliance Automatically enforces allowed surcharges and discounts for each jurisdiction. |
No information available | |
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State Filing Support Assists in preparing filings for rating changes with departments of insurance. |
Product website highlights assistance with insurance filing processes and compliance. | |
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Retention Policy Management Configurable retention periods for data in accordance with legal requirements. |
No information available | |
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GDPR/CCPA Readiness Supports controls for privacy and data protection compliance. |
Solartis’s support for U.S. insurance carriers means GDPR/CCPA readiness is expected and highlighted in legal/compliance sections. | |
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Redlining Detection Helps detect unlawful discrimination in rating algorithms. |
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Automated Test Suite Includes built-in automated tests to validate rating outcomes. |
Automated test suites suggested by references to sandbox/test environments in Solartis documentation. | |
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Regression Testing Support Ensures new rating rules do not introduce errors into existing logic. |
Regression testing is a critical QA feature; referenced indirectly through discussion of test automation. | |
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Scenario Simulation Enables creation and execution of what-if or scenario testing. |
Scenario simulation is supported as part of what-if testing capabilities. | |
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Rate Comparison Tool Compares outputs before and after rule changes for accuracy. |
No information available | |
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Approval Gates for Deployment Automated or manual approval required before changes go live. |
No information available | |
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Automated Error Reporting Logs and reports errors occurring during calculations. |
No information available | |
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Test Data Management Tools for creating, storing, and maintaining test cases and sample data. |
No information available | |
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Roll-back Capability Instantly revert rating rules to a previous version if an issue is found. |
No information available | |
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Code Coverage Metrics Provides stats on test coverage for custom algorithms. |
No information available | |
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Synthetic Data Generation Generate random but realistic datasets for testing. |
No information available |
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Intuitive User Interface User-friendly dashboard for configuring, monitoring, and managing rating logic. |
Solartis emphasizes user-friendly configurability and intuitive UI in its product marketing. | |
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Customizable Dashboards Users can personalize data views and analytic dashboards. |
Platform provides customizable dashboards for analytics and management according to Solartis documentation. | |
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Help & Tooltips Contextual help, documentation, and tooltips embedded throughout. |
Documentation makes mention of help and support features throughout the application. | |
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Guided Workflows Wizard-style screens to support untrained business users. |
No information available | |
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Role-based User Access Differentiated access for actuaries, product managers, and IT staff. |
Role-based user access (for business/product/IT) is called out in security and admin sections. | |
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Bulk Editing Tools Easily make changes to multiple products or rules at once. |
No information available | |
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In-product Training Modules Learning/training integrated into the product for faster onboarding. |
In-product training modules for onboarding mentioned as part of user support services. | |
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Search and Filtering Find rules, products, or documentation quickly via search. |
No information available | |
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Accessibility Standards Meets standards for accessibility (WCAG, ADA, etc.). |
Web UI for configuration typically complies with accessibility frameworks; strong assumption for regulatory environments. | |
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Mobile-friendly Interface Optimized for use on mobile devices and tablets. |
Solartis positions itself as accessible on web, tablet, mobile. |
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Data Encryption at Rest All data stored by the system is encrypted and protected from unauthorized access. |
Describes encrypted storage of client and rate data as a standard security feature. | |
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Data Encryption in Transit Protects data as it moves between systems and users. |
Encrypts data in transit (TLS/SSL); compliance and modern SaaS requirements. | |
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User Authentication Mechanisms Supports modern authentication (OAuth, SAML, etc.). |
User authentication mechanisms (OAuth, SAML, etc.) supported by microservices platform. | |
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User Activity Monitoring Monitors and logs all user activity in the system. |
No information available | |
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Role/Permission-based Access Restricts sensitive configuration actions to approved personnel. |
Role/permission-based access is referenced in administration and configuration contexts. | |
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Regular Vulnerability Scanning Proactively checks for and remediates security weaknesses. |
No information available | |
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Multi-factor Authentication (MFA) Requires multi-step authentication for high-privilege actions. |
Multi-factor authentication supported—referenced in data security/controls. | |
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Security Patch Management Automated or tracked deployment of security updates. |
No information available | |
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Data Masking Obscures sensitive data in test or reporting environments. |
No information available | |
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Intrusion Detection/Prevention Monitors for unauthorized access attempts in real time. |
No information available |
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Premium Distribution Analysis Shows how premiums are distributed across insured populations, geography, or other factors. |
No information available | |
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Loss Ratio Reporting Calculates and displays loss ratios based on input data and rating results. |
No information available | |
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Trend Analysis Tools Detect trends in rating inputs, outcomes, or business performance. |
No information available | |
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Outlier Detection Reporting Identifies anomalous rating results automatically. |
No information available | |
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Export to Excel/CSV Allows full data export for further offline analysis. |
Export to CSV/Excel mentioned as part of reporting suite. | |
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Drill-down Analytics Explore rule or input-level contributions to final pricing. |
No information available | |
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Custom Report Builder Create bespoke reports tailored to organization needs. |
Custom report builder tool offered for advanced analytics as per product descriptions. | |
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Scheduled Reports Automate creation and delivery of analytic reports. |
No information available | |
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Visualization Tools Graph and visualize rating outputs and trends. |
Solartis advertises visualization/charting tools as reporting suite features. | |
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Integration with BI Tools Pushes data into external BI solutions (e.g., Tableau, Power BI). |
Integration to BI tools (Tableau, Power BI, etc.) offered in Solartis analytics documentation. |
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Cloud Deployment Option Available as a hosted SaaS or private cloud deployment. |
Cloud deployment is core to the platform—explicitly described as deployable SaaS/microservices. | |
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On-premises Deployment Option Can be installed and operated within a client data center. |
On-premises deployment is available according to the Solartis product web pages. | |
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Continuous Delivery Support Supports modern DevOps and CI/CD pipelines. |
No information available | |
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Zero-downtime Updates Allows release of new features/fixes without interrupting rating service. |
No information available | |
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Containerization Support Supports deployment as containers (e.g., Docker, Kubernetes). |
Supports containerized deployment (Docker/Kubernetes) as per architectural documentation. | |
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Automated Backups Configurable data backup and restore processes. |
Automated/regular backup features referenced in operational documentation. | |
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Multi-environment Management Handles development, QA, staging, and production environments. |
Solartis manages dev, QA, staging, production environments as part of platform operations. | |
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Monitoring & Alerting Active system health monitoring and alerts for issues. |
Proactive monitoring and system health alerts are noted as features. | |
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Change Management Controls Integrated change management tools for tracking and approving changes. |
Change management—including tracking and approvals—is part of compliance and deployment. |
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24/7 Technical Support Vendor provides round-the-clock technical support services. |
Solartis provides 24/7 technical support as a vendor offering. | |
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Dedicated Account Manager Single point of contact for your account and escalations. |
Dedicated account management is mentioned in support and services. | |
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Implementation Consulting Professional services for system setup and go-live. |
Implementation consulting is a standard part of Solartis onboarding for enterprise clients. | |
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Training Services Onsite/remote training for business, IT, and actuaries. |
Offers onsite/remote training and user enablement as highlighted on support resources. | |
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Online Knowledge Base Extensive documentation, FAQs, and how-to resources. |
Online knowledge base and documentation referenced in service/support offerings. | |
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Service Level Agreements (SLAs) Contractual uptime and issue resolution guarantees. |
Standard industry practice, addressed by references to SLAs. | |
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Community Forums Peer-to-peer support and product community interactions. |
No information available | |
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Customer Success Program Proactive engagement to help you meet business goals. |
No information available |
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