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.
Insurers will be allowed to see how Socotra works.
Engineers expect and deserve to understand how their technologies work. Because all Socotra customers run on the exact same version, we’re able to publish highly-granular APIs. This serves as a contract with users and results in a uniquely stable platform that insurers can trust and engineers love to build upon.
Insurers will be free of intellectually painful hacks.
Socotra is the most coherent, intuitive, and maintainable insurance core ever developed. We believe in consistent, high-quality design and implementation patterns. We also believe in eliminating needlessly redundant data, processes, and configurations. We aim that insurers will find Socotra a joy to implement.
Insurers will have technology parity with other industries.
The quality of software available to insurers has severely lagged the technology found in everyday consumer products. From RESTful APIs in the backend, to responsive and intuitive interfaces on the frontend, to the industry’s fastest performance at scale; Socotra is highly passionate about correcting this inequality.
Insurers will have peace of mind with Socotra.
Socotra is trusted by some of the world’s largest insurers, because we uniquely deliver 99.994% uptime, effortless backward-compatible upgrades, and industry-leading security. With Socotra, insurers gain peace of mind—and the freedom to focus on innovation, not infrastructure.
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.
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.
