Sola
- Company typePrivate
- Founded2022
- HeadquartersAtlanta, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Sola firmographics
Firmographics- Name
- Sola
- Legal name
- Sola Technologies Inc.
- Website
- https://solainsurance.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Sola industry classification
Industry- Product category
- Property Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Homeowners Insurance (FSAJACAA)
Keywords
Where Sola is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Sola business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Wind and Hail Insurance Premiums: Standalone wind and hail insurance policies sold to homeowners, providing coverage for deductibles, roof depreciation gaps, and storm damage. Policies are sold exclusively through independent insurance agents with commission-based compensation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Wind and Hail Deductible Coverage |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Sola product offering
Product offeringCore offering
Sola sells standalone wind and hail insurance policies to American homeowners that fill the gaps left by standard homeowners policies, including high or percentage-based deductibles and ACV roof depreciation. Policies pay out cash directly without requiring a homeowners claim, do not report to CLUE, and do not raise homeowners premiums. Claims are processed using AI and National Weather Service storm data, with parametric triggers (Enhanced Fujita scale classification) enabling automatic payouts within days. Coverage is available in 12 Midwest and Southeast US states and is sold exclusively through a network of 10,000+ independent insurance agents.
Product overview
Sola Insurance is an insurtech company offering a unified portfolio of standalone wind and hail insurance products designed to fill gaps in standard homeowners coverage. The core offering is the Wind and Hail Insurance policy, which includes multiple coverage modules: Wind & Hail Deductibles Coverage, ACV Roof Depreciation Coverage, and CLUE Report Protection. These products work independently from homeowners policies, allowing policyholders to file claims without affecting their CLUE history or homeowners premiums. Sola also provides agent-facing tools including a Chrome Extension for quote generation, a Member Portal for policy management and claims, and an Agent Portal for distribution partners. The company operates exclusively through independent insurance agents and supplements its products with referral and rewards programs for agents.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind and Hail Insurance Standalone wind and hail insurance policy for American homeowners that fills gaps left by standard homeowners policies. Pays out cash directly without requiring a homeowners claim, does not report to CLUE databases, and does not raise homeowners premiums. Coverage includes deductible buyback, ACV roof depreciation gap, and standalone wind/hail/tornado protection.
- Parametric Tornado Disaster Benefit Insurance Admitted parametric tornado disaster benefit insurance product that pays homeowners automatically based on National Weather Service Enhanced Fujita scale classification of a tornado event, without traditional claims adjustment. Coverage up to $15,000 per policy, issued through Spinnaker Insurance Company with reinsurance via Beazley at Lloyd's of London. Available in 15 US states across the Midwest and Southeast.
Quantifiable outcome
- Claims paid within 2 days of filing
- +2 more outcomes
Companies that use Sola
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Sola technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature4 records
Sola partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- BeazleycoreBeazley partnered with Sola Technologies and Spinnaker Insurance Company to launch the first admitted parametric tornado disaster benefit insurance for homeowners. Available in 15 US states across the Midwest and Southeast, the policy offers coverage up to $15,000 with payouts triggered automatically based on Enhanced Fujita scale classification.
- Spinnaker Insurance CompanycoreSpinnaker Insurance Company partnered with Sola Technologies and Beazley to offer the first admitted parametric tornado disaster benefit insurance product. Spinnaker is the insurance company responsible for generating or issuing policies.
- Lloyd's of LondoncoreSola is an approved Lloyd's of London coverholder, fully backed and reinsured through A-rated Lloyd's syndicates. This provides financial stability and regulatory backing for the insurance products.
- Independent Insurance Agenciescore10K+ independent insurance agents and agencies across 12 states sell Sola wind and hail insurance products. Partners include agencies such as Cen-Tex Insurers, Shepherd Insurance, Compass Insurance, SR Insurance, and others. Agents receive commission and bonuses, with dedicated territory managers supporting partnerships.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Sola competitors and assessment
Company assessmentDirect peers
- Slide Insurance: Specialty homeowners carrier focused on catastrophe-exposed states (notably Florida) with a focus on wind and storm coverage. Directly comparable to Sola in product focus on wind/hail-exposed homeowners and similar admitted-carrier model.
- Kin Insurance: Direct-to-consumer and agent-distributed homeowners insurer operating in catastrophe-prone Sun Belt and Midwest states. Comparable in target customer, modern tech-first distribution, and exposure to wind/hail risk.
- Openly: Premium homeowners insurance sold exclusively through independent agents across multiple U.S. states. Comparable in agent-only distribution model and focus on the high-end of the homeowners market in storm-exposed regions.
- Branch Insurance: Bundled home and auto insurance with instant-bind quoting, sold online and through partners. Comparable in modern UX, agent-friendly instant quoting model, and homeowner-first product strategy.
- Palomar Holdings: Specialty property and earthquake insurer that has expanded into parametric catastrophe products. Comparable in specialty/parametric product expertise and reliance on reinsurance-backed underwriting.
Broad incumbents
- Hippo Insurance: Tech-enabled homeowners insurer serving most of the U.S. with a broader product portfolio (home, auto, umbrella). Comparable in modern insurance tech stack and homeowner focus, though broader and more established than Sola.
- Lemonade: AI-driven insurance carrier offering homeowners, renters, auto, pet, and life. Comparable in AI-first claims philosophy and direct-to-consumer tech, but operates a much broader product portfolio across multiple states.
- Heritage Insurance Holdings: Personal and commercial property-casualty insurer with a heavy concentration in catastrophe-exposed states (Florida, etc.). Comparable in product focus on personal lines property in wind-exposed regions, but operates as an established public incumbent.
Emerging players
- Neptune Flood: Insurtech focused exclusively on flood insurance, with parametric and traditional products sold through independent agents. Comparable in independent-agent channel and specialty-peril standalone positioning, though focused on flood rather than wind/hail.
Regional players
- HCI Group (Homeowners Choice): Specialty personal property insurer primarily serving Florida homeowners with windstorm exposure. Comparable in focus on catastrophe-exposed personal property insurance, but regional to Florida rather than the Midwest/Southeast.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sola social profiles
Digital presenceSola compliance and trust
Trust signalCompliance1 record
Sola financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sola leadership team
Management profileNumber of profiles
Profiles4 records
Sola funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sola M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sola
What does Sola do?
Sola sells standalone wind and hail insurance policies to American homeowners that fill the gaps left by standard homeowners policies, including high or percentage-based deductibles and ACV roof depreciation. Policies pay out cash directly without requiring a homeowners claim, do not report to CLUE, and do not raise homeowners premiums. Claims are processed using AI and National Weather Service storm data, with parametric triggers (Enhanced Fujita scale classification) enabling automatic payouts within days. Coverage is available in 12 Midwest and Southeast US states and is sold exclusively through a network of 10,000+ independent insurance agents.
Is Sola a public or private company?
Sola is a private company. It is classified as venture growth investor backed and is currently operating.
When was Sola founded?
Sola was founded in 2022. It employs 1 to 10 people.
Where is Sola based?
Sola is headquartered in Atlanta, United States, in the North America region.
How does Sola make money?
One revenue line is on record: wind and Hail Insurance Premiums.
Who are Sola's main competitors?
Direct peers on record are Slide Insurance, Kin Insurance, Openly, Branch Insurance and Palomar Holdings. Broad incumbents are Hippo Insurance, Lemonade and Heritage Insurance Holdings. Neptune Flood is listed as an emerging player. HCI Group (Homeowners Choice) is listed as a regional player.
Does Sola have an API?
No public API is recorded for Sola.
What industry is Sola in?
Sola's product category is Property Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance. Its NAICS code is 524126 and its SIC code is 6331.