Solstice Innovations offers the Equinox™ platform, a digital solution that automates and streamlines the entire insurance lifecycle management for property and casualty (P&C) and flood insurance. This platform addresses the inefficiencies of legacy systems by providing insurers with a flexible architecture that enhances policy administration, claims processing, and customer relationship management, ultimately improving operational efficiency and customer satisfaction.
Funding
$15.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Property and casualty (P&C) and flood insurance companies often struggle with outdated, siloed legacy systems that lead to inefficiencies across the insurance lifecycle. These systems can hinder productivity, increase operational costs, and make it difficult to adapt to changing market demands and regulatory requirements. Maintaining these disparate platforms consumes significant IT resources, leaving little room for innovation and modernization.
Solution
Solstice Innovations offers Equinox™, a cloud-based InsurTech platform designed to streamline and automate the entire insurance lifecycle for P&C and flood insurance. Equinox™ breaks down traditional silos with a flexible architecture that supports product development, pricing, underwriting, distribution, policy administration, reporting, claims processing, accounting, and customer relationship management. The platform's modular design allows insurers to deploy the full suite of features or select specific components to integrate with existing systems. By automating key processes and providing a unified view of policyholder data, Equinox™ enables insurers to reduce operational costs, improve customer satisfaction, and accelerate time to market for new products.
Target Audience
The primary target audience includes property and casualty (P&C) insurance carriers, managing general agents (MGAs), and other insurance providers seeking to modernize their operations and improve efficiency.
Features
- Unified platform for managing product, pricing, underwriting, distribution, and policy administration
- Configurable workflows for claims processing, from FNOL to payment, with omnichannel digital workflow
- Integrated accounting module with direct and agency bill options, split billing, and online payment processing
- Customer portal accessible via web app on iOS and Android for policy information, payments, and self-service
- Direct-to-consumer (D2C) portal for obtaining quotes, applying for policies, and finding agents
- Forms hub for rapid product development and deployment of rate changes
- Open API integrations for embedded channel and affiliate partners
- Document management system with customizable templates and PDF storage
- Cloud-native architecture hosted on AWS with built-in security features and FedRamp compliance