Sola Insurance Closes $8 Million Series A to Revolutionize Property Insurance with Data-Triggered Claims

Company Snapshot
Sola Insurance is reshaping the property insurance landscape by automating claims through objective, data-based triggers. Instead of lengthy, subjective claim investigations, Sola uses real-time weather data to automatically issue payouts when specific wind or hail thresholds are met. The company is part of a new generation of insurtech firms merging data analytics and insurance infrastructure to deliver faster, fairer outcomes for both agents and property owners.

Sola Insurance Closes $8 Million Series A to Revolutionize Property Insurance with Data-Triggered Claims

Subtitle:
Series A led by FINTOP Capital and JAM FINTOP to accelerate Sola’s data-driven, vertically integrated insurance platform.

Intro
Sola Insurance announced on August 25, 2025 that it raised $8 million in a Series A funding round led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech (Reinsurance News). Founded in 2022 and based in Atlanta, Georgia, Sola was established by Wesley Pergament, who serves as Co-founder and CEO (CityBiz, Reinsurance News). This round brings the company’s total funding to $11.7 million following an earlier seed round.

What the Company Does
Sola Insurance offers a vertically integrated property insurance platform that manages policy design, risk modeling, claims, and internal tooling entirely in-house. The company specializes in parametric insurance products that use objective weather data—such as wind speeds or hail size—to automatically trigger payouts.

Sola’s model eliminates the need for manual claims adjustment, reducing delays and disputes while improving transparency for policyholders. The company has achieved approximately sevenfold revenue growth since its seed round, launched its flagship wind and hail program, and earned Lloyd’s of London coverholder status (Reinsurance News).

Who It’s Best For
Segments:

• Homeowners in regions with high wind and hail exposure

• Independent insurance agents and agencies

• Real estate investors seeking consistent and predictable insurance coverage

Use Cases:

• Fast, data-driven claim settlements

• Transparent and automated insurance processes

• Expansion of coverage in weather-prone states

• Agencies needing reliable and integrated underwriting partners

Deployment / Fit:
Sola is focused on the U.S. homeowners insurance market, targeting states with significant weather risk. Its products are distributed primarily through agents and built to scale across multiple states with data-integrated infrastructure.

Similar Companies

• Kin Insurance: Direct-to-consumer home insurance using digital underwriting.

• ZestyAI: Property risk assessment platform using AI and aerial imagery.

• Hippo Insurance: Home insurance startup focused on smart-home integration and proactive risk mitigation.

• Descartes Underwriting: Global parametric insurance provider for climate and natural catastrophe risk.

Sola differentiates itself by operating as a full-stack, vertically integrated insurer with proprietary data-triggered claims processing, rather than a pure software or MGA model.

How to Get in Touch
Website: https://solainsurance.com
Headquarters: Atlanta, Georgia, USA
Contact: Via company website or press/media inquiries (details not publicly listed)

Team / Founders
Wesley Pergament — Co-founder and CEO, leading Sola’s mission to build a vertically integrated, data-first property insurer.

Images (Suggested)

1. Company logo

2. Screenshot of Sola Insurance homepage or agent portal

3. Visual diagram of data-triggered claims flow

4. Weather data dashboard (if publicly available)