Sunlight Solutions Enters Insurance Software Market
Staff Writer | April 03, 2015
Sunlight Solutions, a new end-to-end insurance processing software provider announces that it is ready for market with its Sunlight Suite cloud-based solution.
In development since 2010, Sunlight Suite was designed to leverage the experience of the founders with the objective of addressing the market challenges of all insurers rather than the needs of one particular insurer. Sunlight’s time and financial investments have gone into building and delivering a true software product instead of a custom-built solution to be retrofitted for other insurers.
Behind the design and development of Sunlight Suite and the establishment of Sunlight Solutions is a team of insurance industry veterans who have extensive carrier, technology, and vendor experience. The founding team includes:
- Didier Lamour – An insurance industry entrepreneur who has been growing successful insurance technology companies for 25 years.
- Steve Franklin – A leader with a 20-year track record in insurance project implementation who employs a pragmatic, agile approach for on-time delivery.
- Vincent Decattoire – A chief architect who has focused on carrier implementations for over 15 years, providing leadership in design, migration, scalability, and deployment.
Sunlight Suite is 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 basics—policy, billing, and claims. All modules are consistent and based on Sunlight Solutions’ single product configuration and rating engine. The system has been thoroughly tested, including the processing of more than one million policies in the cloud. The suite has been designed with the depth of functionality and the flexibility 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,” says Matthew 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.”
“In a previous position as AVP of Affinity Markets at Manulife, I had the pleasure of working with a number of the members of Sunlight’s founding team for several years,” says David Smart. “They are a top-notch group of insurance and technology professionals that have created a solution that is poised for success. I congratulate them on this new venture and for the launch of Sunlight Suite.”
As the solution is new to the market, Sunlight is seeking an insurer early adopter in the P&C space. The ideal candidate would be an insurer:
- Looking to introduce a new specialty line in a short timeframe;
- Who does business in a state with a more complex regulatory environment;
- Who has an aggressive growth plan;
- Willing to employ an agile methodology, even if not yet experienced with it; and,
- Willing to work with a new solution, delivered and supported by an experienced provider.
“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,” says Lamour, Sunlight’s CEO. “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 this is a very crowded solution provider market. However, we strongly believe there is a better way to build and deliver a solution,” he adds. “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.”
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