At Socotra, our mission is to empower the insurance industry with truly great software. We deliver the industry's most mature, flexible, and powerful technology, enabling insurers to innovate faster, adapt more easily, and satisfy customers—all at scale.
An insurer that gets the core right can remedy any other IT problem. An insurer that gets it wrong will forever experience siloed data, project overruns, and inability to adapt to change.
Built like an operating system, Socotra is the most powerful and elegantly designed insurance core on the market. Our customers benefit from configuration-only deployments, open APIs, backward-compatible upgrades, 99.994% uptime, unmatched performance, and the industry’s lowest cloud costs at scale.
We’re not just building better insurance technology; we’re building a better kind of insurance technology.
Insurers across 10 countries have selected Socotra.
Insurance lines of business deployed—spanning personal, commercial, and life insurance.
Minutes of total downtime in 2023 and 2024 combined—a period with 100 upgrades.
Average server response time under heavy load at scale; as detailed, audited, and co-published by AWS.
Socotra has made the industry’s largest investment in modern insurance core technology, and done so with the highest engineering values: clarity, elegance, quality, and reliability. Other core system providers don’t share our passion for these values, and their platforms are built with the rigid, fragile, and overly customized approaches of the past. Socotra’s values empower insurers to realize their full potential—to innovate freely, serve customers better, and build the future of insurance.
Engineers deserve to know how their technologies work. Our JSON product configuration, RESTful APIs, and advanced data model are fully documented for the world to see. This isn’t just good practice; it proclaims exactly what current and future customers can expect.
The result of building with clarity is a uniquely stable platform. When insurers know how their core system works, they can build upon it with confidence. When engineers understand the underlying architecture, they can innovate without fear of breaking critical functionality.
Trustworthy technology works as documented, quickly, every time. Socotra doesn’t just promise reliability—we deliver consumer-grade uptime and performance on par with e-commerce platforms and social media giants. Our cloud-native architecture automatically scales so that business growth never creates bottlenecks, whether handling traffic surges, integrating new data sources, or deploying real-time AI scoring.
Most importantly, because each Socotra customer runs on the same version, reliability improvements benefit everyone instantly. No custom code means no custom failures. With Socotra, insurers really can focus on serving customers and growing their business.
It just works.
No industry is more data-driven than insurance. Success requires complete, accurate, and real-time data throughout the organization.
That’s why Socotra incorporates data fluency into every aspect of our technology. Policy, account, and user action data is immediately available through multiple access methods: standardized APIs, event stream, Data Lake, and connectors. All data in Socotra is secure, auditable, and fully portable.
Socotra’s industry-leading data fluency enables industry-leading execution and strategy for the insurer.
Unnecessary complexity leads to unnecessary problems.
Socotra delivers consistent design and implementation patterns that make complex insurance operations intuitive. We eliminate redundant data, processes, and configurations. The result is the most coherent and maintainable insurance core ever developed, leading to much faster and more predictable product launches, integrations, and maintenance.
Elegance isn’t just aesthetic—it’s functional. Because Socotra’s core system values elegance, everything built upon it becomes more powerful, reliable, and adaptable to change.
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.
The most technically experienced and talented leadership team in the insurance industry.
Founder & CEO
Chief Operating Officer
Chief Product and Technology Officer
Product Architect
Software Artchitect
Head of Marketing
Chief Financial Officer
Socotra’s culture shines thanks to passionate, skilled individuals who work together harmoniously, love what they do, and consistently exceed expectations while embracing our company’s vision.
Dan Woods is the founder and CEO of Socotra, the first modern, cloud-based platform for technology-driven insurers. Before Socotra, Dan did IT investing and portfolio management for Formation 8 Partners (now 8VC), where he specialized in data platforms and smart enterprise software. Prior to that, Dan’s depth of enterprise experience was honed over his six years with Palantir. There, Dan was an early member of the core engineering team and later transitioned to run Palantir’s partnerships, plus several deployments. He holds a MS in Computer Science from Stanford with a concentration (and globally award-winning research) in Artificial Intelligence.
Ekine Akuiyibo is the Chief Operating Officer at Socotra, where he oversees field engineering, product delivery, partnerships, training, and support. Prior to Socotra, Ekine spent 15 years in enterprise software development, sales, and services at Sun Microsystems, BAE Systems, and Oracle. Most recently, Ekine worked on large scale ML problems at Oracle. He holds a PhD in Electrical Engineering from Stanford.
Sonny Patel is the Chief Product and Technology Officer at Socotra, where she leads our Product and Engineering teams and owns and executes on Socotra’s product strategy. She is a recognized thought leader in AI with over 20 years of experience building and launching products at Fortune 500 companies. Prior to Socotra, Sonny was an integral leader at Dell, Microsoft, Amazon, and LivePerson. She holds an MBA in Strategy & Entrepreneurship from the Haas School of Business at the University of California, Berkeley and a Master’s in Computer Science from Texas A&M University.
Matthew Hamilton, Product Architect at Socotra, has extensive experience in product management and software development. He spent 10 years at Guidewire Software, where he held progressively senior roles in product management. With an MBA from Stanford and a BA in Mathematics and Computer Science from UC San Diego, he is known for his technical aptitude, having developed skills in numerous programming languages and technologies. A former nuclear submarine officer, he also holds several patents for his innovative work in insurance billing and product data.
Konstantin Kalin is Socotra’s Software Architect where he is responsible for Technology and Architecture of Socotra products. Prior to Socotra, Konstantin spent 20 years developing SaaS products for B2B and B2C markets at Vudu (a Walmart company), Five9, and Zultys, focusing on product performance, scalability and reliability.
Rachel Beck is Head of Marketing at Socotra. She has over 12 years of technology marketing experience, including roles at Salesforce, Cisco, and multiple SaaS startups. She graduated from Vassar College.
Sam Madden is Socotra’s Chief Financial Officer, where he oversees the company’s FP&A and accounting initiatives. Prior to Socotra, Sam spent 15 years working within financial strategy (Propeller), operations (PocketSuite), investing (Highland Capital) and investment banking (Credit Suisse). Most recently, Sam spent the past 5 years consulting with a number of high-growth, venture-backed B2B SaaS companies in a CFO capacity. He holds a B.A. from Colgate University and is a CFA Charterholder.
