COMMERCIAL INSURANCE

Deliver digital-first experiences for both customers and agents

In the digital-first era, customers want to engage with insurers online, and agents want to focus their time advising on more complex policies. With Socotra, insurers can deliver both. Our agile and API-driven core platform gives insurers the flexibility needed to attract new customers, improve the agent channel, and stay ahead of the competition.

See how Socotra can deliver immediate business value

Socotra is on a mission to make insurance interactions better for customers and agents worldwide. Watch our demo and see what agility and flexibility really look like with a modern core platform.



Average customer goes live from project start

3x faster

Average customer during implementation

Saves 50%

After going-live

Upgrades $0

Lower TCO

Our continuously-improving platform means that commercial insurers enjoy a lower total cost of ownership (TCO). As a true-cloud provider, there’s nothing to maintain, reducing upfront capital expenditures, and once you’re live, product upgrades are continuous, automatic, and free.

Launch 3x faster

Our cohesive platform is ready out of the box with nothing to customize. This saves our commercial insurance customers valuable time and is just one reason why they can accelerate their product development—on average, our customers go live 3x faster than legacy systems.

Reduce cost of change

With Socotra, commercial insurers can make worry-free product changes and adapt to market demands in record time. Making product changes—updating ratings, adding policy documents, or form fields—takes just minutes, not months. Expanding products into additional geographies is also an order of magnitude faster and cheaper and can be done without software upgrades.

Reach new markets

Acquire and retain customers by creating innovative commercial insurance products and experiences they want. With Socotra’s flexible product model, insurers can easily create digital-first experiences or modernize existing products to provide their customers with next-level personalization and convenience.

Streamline the agent channel

By offering self-serve channels for simplified products and leveraging digital automation for manual tasks like re-keying data, agents become more efficient, allowing them quality time to advise on more complex, higher premium policies.

Complete

A seriously powerful insurance platform out of the box

Aite Group Logo

“Socotra should be part of the conversation for any carrier looking to evolve.”

Jay Sarzen, Senior Analyst, Aite Group

Read our blog to see why the Aite Group gives Socotra highest marks for product performance.

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