About Solstice Innovations

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.

```xml <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 Property and casualty (P&C) and flood insurance companies often struggle with outdated, siloed legacy systems that lead to inefficiencies across the insurance lifecycle.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. </problem> <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. </solution> <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 </features> <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. </target_audience> ```

What does Solstice Innovations do?

Where is Solstice Innovations located?

Solstice Innovations is based in Seattle, United States.

When was Solstice Innovations founded?

Solstice Innovations was founded in 2018.

How much funding has Solstice Innovations raised?

Solstice Innovations has raised 15490000.

Location

Seattle, United States

Founded

2018

Funding

15490000

Employees

24 employees

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Solstice Innovations

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Executive Summary

solstice.tech 700+

Crunchbase

Founded 2018 – Seattle, United States

Funding

Estimated Funding

$10M+

Team (20+)

No team information available.

Company Description

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.

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

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.