Socotra delivers the most powerful insurance platform on the market, empowering insurers to support any number of insurance products, policies, or users. Accelerate implementations, integrations, and product updates—all with the industry’s lowest total cost of ownership (TCO).
Deploy with any product, geography, or distribution channel using well defined and reusable configuration. Socotra’s elegant design and full policy lifecycle allows insurers to build and maintain products with maximum flexibility and minimal effort.
Make every billing operation headache-free and ensure financial integrity for even the most complex use cases. Socotra Billing easily integrates with general ledger, payments, and policy admin systems, reducing manual processes and improving accuracy.
Deliver modern and intuitive digital experiences for customers, agents, and your team. Socotra offers an array of out-of-the-box and customizable user interfaces and portals that are fully modular.
Get the best support for large scale insurance, no matter the number of products, policies, or concurrent users.
Accelerate implementations, integrations, and product updates—all with less system integrator lock-in and the industry’s lowest total cost of ownership (TCO).
Take advantage of unparalleled data access and control, enabling more data-driven operations.
Socotra outperforms the competition at scale. In a scale test audited by AWS, Socotra handled 5,000 simulated users underwriting over 11,000 policies per minute in a system with over 10 million policies–all with a <90ms average server response time and an AWS footprint of less than $300 per day.
Socotra customers average >99.994% uptime. That means less than 32 minutes of downtime, including both planned and unplanned, across 50 backwards-compatible upgrades per year.
Socotra offers fully documented APIs, modern devops tools, and CI/CD for product development. With a developer-friendly platform, insurers can simplify integrations, accelerate time to market, and improve implementation quality.
“With Socotra, we were able to develop Poncho Insurance, a unique customer proposition for comprehensive car insurance in the Australian market, in a short timeframe. The platform is super flexible and low-cost allowing us to continually improve the product and deliver it at a great price to customers.”
“In designing our enterprise business platform, Socotra gave us a good example of what success looks like through its configurability and extensibility. When exploring and evaluating other vendor solutions in the insurance value chain, we apply the Socotra standard to them.”
“Socotra creates a foundation to improve our service and, in turn, our customer and broker experiences, and it will also help improve our agility in reacting to changing market trends. Their core technology is more advanced than other options we evaluated in the marketplace for our digital-focused initiative.”
Test our platform by configuring a usable insurance product you can bring to market on day one.
