What Solstice Innovations does

Solstice Innovations is a private US-based InsurTech company, founded in 2018 in Seattle, that develops and sells the Equinox platform, an AI-first, cloud-native software ecosystem for property and casualty (P&C) insurance carriers and managing general agents (MGAs). The platform spans the full insurance lifecycle — product configuration, pricing, underwriting, distribution, consumer and agent portals, policy administration, reporting, data integration, claims, accounting, and CRM — delivered as a configurable, modular SaaS solution built on AWS microservices with DynamoDB, a public API surface, and out-of-the-box integrations to FEMA PIVOT, HazardHub, Verisk, LexisNexis, IVANS, and others. Solstice originates from deep flood insurance DNA: co-founders Travis Pine and TJ Johnston previously built Torrent Technologies (acquired by Marsh USA in 2014) and have extended the platform into multi-peril P&C including homeowners and broader lines.

The company targets enterprise P&C carriers, MGAs, NFIP Write Your Own (WYO) participants, and homeowners carriers seeking to modernize off legacy core systems. Its revenue model is premium-volume-aligned recurring SaaS, where fees scale with client policy-in-force and premium growth rather than traditional licensing, supported by multi-year contracts. The go-to-market is direct enterprise sales with a consultative, transformation-focused motion, complemented by transformation services delivered with implementation partner Coforge under a 2026 strategic partnership. Solstice holds FedRAMP Moderate alignment and SOC 2 Type 2 infrastructure and reports $4 billion in annual premiums processed across its carrier client base with 5% year-over-year policyholder growth. AI capability is embedded across the platform with a phased rollout — from engineering productivity (GitHub Copilot, AI-assisted QA) through carrier-facing AI (onboarding automation, data conversion, client support) to a planned 2027+ multi-agent orchestration layer.

Name

Solstice Innovations

Legal name

Solstice Innovations LLC

Website

https://solstice.tech

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Solstice Innovations is a Seattle-based InsurTech that builds Equinox, an AI-first cloud-native SaaS platform for P&C insurance carriers and MGAs, covering the full insurance lifecycle with premium-volume-aligned pricing.

Ownership category

akta.pro rank

Product category

Insurance Software Platform (InsurTech)

NAICS

Software Publishers (5132), Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

• Insurance technology platform
• Policy administration software
• Claims processing software
• Insurance distribution solutions
• Cloud insurance platform

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Premium-Volume-Based SaaS Fees: Fee structure based solely on key metrics of premium volume and growth. As carriers grow PIF (policy in force) and premium, Solstice grows. This aligns incentives between the company and its clients, differentiating from traditional licensing and professional services models.
2. Platform Subscription (SaaS): Cloud-native SaaS solution where clients pay for access to the Equinox platform. No long-term expensive licensing agreements required. Clients can control their own data, customers, and future.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Solstice Innovations builds and sells Equinox™, a cloud-native, AI-first SaaS platform for P&C insurance carriers and managing general agents (MGAs). The platform covers the full insurance lifecycle — product configuration, pricing, underwriting, distribution, portals, policy administration, reporting, data integration, claims, accounting, and CRM. It also offers transformation services for platform implementation and agentic AI services for workflow automation.

Product overview

Solstice Innovations offers the Equinox™ platform as a single, unified AI-first P&C insurance ecosystem with modular architecture. The core platform integrates all insurance lifecycle functions—Policy Administration, Pricing & Underwriting, Claims, Accounting, Consumer Portal, Direct-to-Consumer, Distribution, and Document Management—as configurable modules that clients can deploy together or select individually. The platform is complemented by transformation services (partnered with Coforge) for implementation and conversion, and Agentic AI services for intelligent automation. The company also provides a Virtual Back-Office™ (VBO) as an integrated management tool. All components share a common data architecture, API layer, and configurable workflows, allowing carriers and MGAs to modernize incrementally without rip-and-replace.

Differentiator

Problem solved

Functional benefit

Brands

• Equinox: AI-first cloud-native P&C insurance platform supporting all facets of the insurance lifecycle including Product, Pricing, Underwriting, Distribution, Portals, Policy Administration, Reporting, Data Integration, Claims, Accounting, and Customer Relationship Management.

Products and services

• Equinox™ Platform
• Transformation Services
• Agentic AI Services

Quantifiable outcome

• 4 billion in premiums processed annually on the platform
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability8 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• CoforgecoreImplementation/ SI/ Consulting Partner · 2 April 2026Strategic partnership announced April 2, 2026 to promote agentic AI-led modernization of core insurance technology for P&C insurers. Collaboration combines Solstice's Equinox platform with Coforge's Forge-X AI platform to enhance system integration, migration, and business transformation. Partnership includes establishing a Center of Excellence to support clients in system integration, migration, and business transformation using both companies' AI platforms. Coforge brings structured conversion methodology, scalable delivery resources, and quality assurance discipline.
• Safepoint MGAflagshipTechnology or Integration · 4 March 2026Safepoint MGA partnered with Solstice Innovations to implement the Equinox platform for its NFIP flood insurance operations. The platform aims to enhance performance, scalability, and regulatory compliance for Safepoint's flood-related insurance services. Transition aims to improve underwriting, policy administration, billing, and claims processes while supporting compliance with evolving FEMA requirements.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Shift Technology: AI-first insurance technology vendor specializing in claims fraud, subrogation and underwriting decisioning. Overlaps with Solstice's agentic AI roadmap for claims triage and underwriting automation.

Direct peers

• Majesco: Cloud-native P&C and L&H insurance SaaS provider with policy, billing, claims and distribution modules. Direct peer competing for the same digital core system modernization RFPs as Solstice.
• Guidewire Software: Market-leading P&C core insurance SaaS suite covering policy administration, claims, underwriting and billing. Direct competitor to Equinox across the same core systems of record for P&C carriers, with a much larger installed base.
• Sapiens International: Global insurance software provider offering core platforms for P&C, life and reinsurance, including policy administration, claims and underwriting. Direct competitor across the P&C core systems market.
• Insurity: P&C insurance software and analytics vendor offering policy administration, claims and reporting suites. Direct competitor for mid-market and specialty P&C carriers and MGAs evaluating core system replacements.
• OneShield Software: P&C core insurance software platform serving carriers and MGAs with policy, billing, claims and rating functionality. Comparable target customer and product scope to Equinox.
• Duck Creek Technologies: Cloud-native P&C core insurance SaaS platform spanning policy, billing, claims and analytics. Competes head-to-head with Equinox for carrier modernization deals targeting the same P&C lifecycle.
• EIS: Cloud-native, API-first core insurance platform competing in policy administration, claims and billing for P&C and benefits. Competes for the same AI-first, configurable platform narrative as Equinox.

Others

• Coforge: Global IT services and solutions company that is both a strategic partner of Solstice and a broader systems integrator competing for insurance transformation delivery work. Included for completeness given its dual role in the ecosystem.

Broad incumbents

• Vertafore: Large-scale insurance distribution, agency management and carrier software vendor (owned by Roper Technologies). Broad incumbent serving carriers, MGAs and agencies with overlapping but wider-scope offerings than Equinox.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solstice Innovations