Trusted by more InsurTechs than any other core platform.
From the largest insurers to new entrants, innovators choose Socotra.
Instant access. Open APIs. Continuous and zero-cost upgrades. No downtime, ever.
Average customer goes live from project start
Average customer during implementation
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
Customization not required
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.
- SOCOTRA DEPLOYMENT
Quickly connect and configure
Make product changes in minutes
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.
Drive operational efficiencies
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.
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
Underwriting & Rating
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.
Choose Socotra, and get access to our ecosystem of partners
From payment processing to risk modeling to a no-code frontend, we’ve got you covered through the Socotra Partner Network.