(Photo credit: Jesse Eastland.)
Sunlight Solutions (Minneapolis) has announced its entry into the insurance software market with its Sunlight Suite core insurance solution. Founded by a team of industry veterans, the new vendor undertook development of the Sunlight Suite in 2010. The offering is meant to address the market challenges of all insurers rather the needs of a particular insurer, according to a Sunlight Solutions statement.
The vendor describes SunLight Suite as a cloud-delivered solution with end-to-end insurance processing capabilities that include: analytics, marketing, network management, reporting, and social communication in addition to the core functionality of policy administration, billing and claims. All modules are consistent and based on Sunlight Solutions’ single product configuration and rating engine, according to a vendor statement. Sunlight Solutions says that the system has been thoroughly tested, including the processing of more than one million policies in the cloud. The suite was designed to be able to support a wide range of insurance products.
“There is a growing need and demand in the industry for solutions that can be rapidly deployed in the cloud with minimal risk and minimal investment in a technology infrastructure,” comments Matt Josefowicz, president and CEO of Novarica. “It will be interesting to see how the market responds to the Sunlight offering. While the solution is new, the people behind its development are well-known and well-respected in the industry.”
The Sunlight team includes Didier Lamour, CEO, an insurance industry entrepreneur who has active in the market for 25 years; Steve Franklin, VP operations, who has 20 years of experience in insurance project implementation; and Vincent Decattoire, chief architect, who has focused on carrier implementations for over 15 years, providing leadership in design, migration, scalability, and deployment.
Changing the Status Quo
“Our team didn’t spend the last five years designing and developing a system to deliver the same old/same old that the industry has become all too familiar with and, unfortunately, has come to expect from solution providers,” comments Lamour. “Our goal is to change the status quo, exceed the expectations of today’s insurers, and to set a heightened level of expectations for the future.”
“We also know that this is a very crowded solution provider market,” Lamour adds. “However, we strongly believe there is a better way to build and deliver a solution. We took the time, effort, and financial risk to create a system that is designed based on our combined industry and technology experience, lessons learned, and deep knowledge of what is currently available in the way of insurance solutions.”