Get the flexibility, performance, and automation you need to deploy embedded insurance products with Socotra. Launch any insurance product, sell through any distribution channel or digital experience, automate underwriting, and provide real-time quotes at scale.
Projected to grow to a $500 billion market by 2032, embedded insurance unlocks new customer segments and distribution channels. However, this requires a seamlessly connected ecosystem, driven by APIs. With Socotra, you can offer insurance to your customers at the right time and right place.
Embedded insurance relies on a connected ecosystem. Socotra’s open APIs and modular design simplify integrations, allowing insurers to sell through any distribution channel or digital experience, whether that’s at the point of sale of a product, through a mobile app service, or through another insurer’s website.
Embedded insurance requires consumer-grade performance, reliability, and scale. Socotra is the only insurance core built from consumer-grade cloud technology. It delivers 89ms response times for quotes and >99.995% uptime.
Insurers may choose to sell a variety of products through an embedded channel. Socotra supports all lines of business, including specialty, usage-based, personal, and commercial lines.
Embedded insurance often requires automated underwriting, as customers can’t wait for human intervention to get a quote or bind a policy. Socotra’s rating engine enables you to instantly generate accurate quotes.
Give your customers the ability to protect their investments with just a click or two, right at the point of sale
Use precise point of sale data to generate appropriately-priced quotes instantly
Give consumers more confidence in their purchase decisions and vendor relationships
Give your customers the ability to protect their investments with just a click or two, right at the point of sale
Give consumers more confidence in their purchase decisions and vendor relationships
Use precise point of sale data to generate appropriately-priced quotes instantly
Alexander Sanders
CTO, TONI Digital
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Andrew Wong
Founder and CEO, Koba
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Test our platform by configuring a usable insurance product you can bring to market on day one.
