Socotra

Socotra is a cloud platform that insurers use to run policy administration, billing and underwriting. It lets carriers create, change and distribute insurance products for any region.

What Socotra offers

• Socotra Policy — builds and maintains products across the full policy lifecycle.
• Socotra Billing — handles billing operations and links to general ledger and payment systems.
• Portals and interfaces — modular screens for customers, agents and staff.
• Open APIs — documentation is published openly, so insurers and their implementation partners can connect systems.
• Socotra Assistant — an AI tool for product configuration and underwriting.

Who it works with

Insurers of all sizes, from long-established carriers to new insurtechs.

Key facts

• Upgrades: applied continuously by Socotra
• Trial: a 30-day licence for building a proof of concept