Socotra

Modernize your past or forge your future

Our flexible product model enables you to build engaging products and experiences that your customers want Create any type of insurance product, for any region, and distribute it any way you choose Create lines of business as standardized as you have today or as innovative as you need for the future with minimal effort

Living software that keeps getting better

At Socotra, we see our platform as living software Because we are the first true-cloud platform for insurance, our upgrades are continuous, automatic, and free That means Socotra keeps growing, adding new features, and improving The result is complete, up-to-date software without interruption and unnecessary costs to you

READY, OUT OF THE BOX

As a true product, Socotra is ready to use on day one That means we don’t need to spend your time and money building a custom solution for your project Instead, you can start configuring your insurance product and seeing real value right away

• Efficient Quickly connect and configure Quickly connect and configure
• Fast Make product changes in minutes Make product changes in minutes
• Effective Integrate with existing systems Integrate with existing systems

Deploy faster with open APIs

Socotra is completely transparent We’re the only core insurance platform with open APIs and publicly-available documentation (docs socotra com) This allows insurers and their choice of implementation partners to quickly and efficiently create, connect, and configure something real

TRY BEFORE YOU BUY

Buy proof, not pitch decks

Forget about pitch decks and RFPs At Socotra, we think you deserve to know from day one if a core platform will meet your needs That’s why we are the only insurance core system that offers a complimentary 30-day license Build a proof of concept and see our platform’s capabilities first-hand

• Scale automatically By leveraging modern DevOps tooling and infrastructure, our platform autoscales, so as your business grows, we meet that demand automatically

By leveraging modern DevOps tooling and infrastructure, our platform autoscales, so as your business grows, we meet that demand automatically

• One and done With Socotra, you only need to configure your entire product once
• Our cohesive platform automatically carries the product definition across the entire suite, resulting in cheaper implementations

With Socotra, you only need to configure your entire product once Our cohesive platform automatically carries the product definition across the entire suite, resulting in cheaper implementations

• Accessible anywhere Since Socotra is built on top of AWS, you can build, configure, access, and integrate Socotra from anywhere at any time

Since Socotra is built on top of AWS, you can build, configure, access, and integrate Socotra from anywhere at any time

A seriously powerful insurance platform out of the box

Create and update rules and rates that reflect your evolving guidelines

Efficiently manage the complex interactions needed throughout the policy lifecycle

Take control with automated recurring billing and integrated reporting

Manage claims from FNOL through settlement

View and download standardized reports