MGA CORE PLATFORM
Take control of your data and destiny
Stand up your platform and products in as little as two months with the partner of choice for innovative and ambitious MGAs. Socotra is the first true-cloud platform empowering MGAs to rapidly launch new programs and respond to changing customer demands with minimal effort and costs.
Trusted by tech-driven and high-growth MGAs
Bamboo migrated their entire book of business from a cloud-based solution to our true-cloud platform to take advantage of free zero-downtime upgrades, flexible integrations built on open APIs, and simple configuration tools to accelerate new product initiatives.
After taking advantage of our free trial, Elpha Secure chose Socotra to complement their proprietary technology. Their team leveraged our publicly documented APIs to design, configure, and launch a new cyber insurance program in less than two months.
Sigo created a completely digital, direct-to-consumer personal auto product within a few months from kickoff. Our powerful platform enabled rapid implementation, robust rating and policy administration features, and seamless integration with telematics data.
A high-growth insurtech is bringing to market a digital experience for commercial insurance, involving multiple lines and complex ratings. Our flexible data model, plugins, and implementation experience has this partner on track to launch in three months.
Accelerate results with our agile core platform
Fast and flexible implementation
Go live in as little as two months with a configurable core platform that’s ready out of the box and requires no customization or specialized training. Whether you leverage your own team, our deployment experts, or a certified system integrator, we can meet your specific timeline and budget.
Lower total cost of ownership
Reduce upfront costs with a 30-day free trial, rapid deployment, and subscription-based pricing. Our cloud-native platform offers continuous, automatic, and free upgrades to eliminate downtime and save on operating costs compared to legacy and cloud-based systems.
Innovate and scale new programs in record time
Leverage our powerful data model to build nearly any type of insurance product for any geography and distribution channel. Easily clone and configure new lines of business using our product library and self-service tools. As your innovative programs flourish, our cloud-native platform autoscales to meet high volumes of data without interruption.
Nimble responses to changing market needs
Quickly adapt to the shifting demands of your carriers, customers, and competitors. Our agile configuration tools and publicly-available documentation empower your team to change rating algorithms, data models, policy documents, and more in minutes.
Improve submission speed and hit ratios
Enhance the speed and quality of submissions by leveraging automated workflows and intuitive APIs that can seamlessly integrate your front end and underwriting model with third-party data sources, such as application pre-fills, telematics, and geo-data.
Simplified regulatory and reinsurance reporting
Minimize the time, expense, and manual labor involved in preparing reports and maintaining compliance. Our reporting module enables your team to extract real-time and continuous data for streamlined bordereau and reporting.
A unified, carrier-agnostic environment for your data
Port your data between carriers and expand functionality without relying on external vendors or software upgrades. Our cohesive platform automatically carries all products and data across the entire suite of policy administration, underwriting, billing, claims, and reporting.