In the news
The latest Socotra news, media coverage, and press releases.
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InsurTech Insights: Gradient AI and Socotra Partner to Provide Intelligent Automation to Insurers Building Underwriting and Claims Solutions
March 31, 2022
The partnership will enable insurers to leverage the intelligence of Gradient AI’s vast dataset directly through Socotra’s innovative platform.
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Digital Insurance Agenda: Socotra accelerating innovation with a flexible, open cloud-native solution
March 24, 2022
The DIA Community examines the benefits of Socotra's modern core platform, including accelerated product development, reduced maintenance costs, and improved customer experience.
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Crowdfund Insider: Socotra celebrates $50M Series C, funds to drive growth of InsurTech platform
March 16, 2022
Socotra announced the closing of a $50 million Series C funding round led by Insight Partners, with participation from 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures.
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InsurTech Insights: Socotra chosen to power Aioi Nissay Dowa’s MOTER commercial fleet insurance program
February 25, 2022
Aioi Nissay Dowa is launching MOTER as an insurtech MGA in the U.S. and partnering with Socotra to rapidly develop its telematics-driven, usage-based insurance product.
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Insurance Innovation Reporter: CAPE Analytics/Socotra Partnership Gives Carriers Access to Property Intelligence
November 17, 2021
The companies will provide joint customers with access to CAPE’s property intelligence data, powered by geospatial imagery, risk-relevant information, and machine learning.
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InsurTechATX Podcast Features Socotra Founder & CEO Dan Woods
October 25, 2021
Tune into InsurTech ATX's inaugural podcast featuring Socotra's CEO, Dan Woods, on a panel alongside Nestor Hugo Solari (Sigo Seguros), Darren Nix (Steadily), Chris Cheatham (BOLD PENGUIN), and David Perez (Lumen Technologies).
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Socotra Recognized as a 2021 Insurtech Leader in Australia by Insurance Business Magazine
October 19, 2021
Socotra is recognized as a 2021 insurtech leader in Australia for its work as an industry enabler for companies like IAG—Australia’s largest insurer, which won Celent's Model Insurer Award in 2020.
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Socotra Selected as Core Platform to Power Berkley Asset Protection’s Lavalier Personal Jewelry Insurance Program
September 28, 2021
Socotra is partnering with Berkley Asset Protection to power Lavalier, its existing personal jewelry insurance program in all 50 states. Lavalier is seamlessly transitioning to Socotra’s cloud-native core without customer interruption.
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Socotra and Hexaware Technologies announce strategic partnership for seamless global implementations
July 14, 2021
Hexaware Technologies, a leading global IT consulting and digital solutions provider, announced it has become a strategic partner and system integrator for Socotra. As a Socotra Silver level partner, Hexaware will support new and existing Socotra customers around the world, including North America, APAC, and EMEA.
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API Driven Insurance-As-A-Service Can Learn From Banking
January 14, 2021
TONI Digital is a European insurtech with an insurance-as-a-service platform for white label insurance, enabling partners to rapidly enter insurance, leverage brand and customer bases while generating new revenue. It has partnered with Socotra, a cloud-native insurance core platform.
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FNO: InsurTech Podcast
October 2, 2020
On this episode of FNO: InsureTech, Lee talks with Dan Woods, Founder & CEO of Socotra. Socotra has built a modern, enterprise-grade core platform that enables users to rapidly develop and distribute insurance products to better serve their customers. Join Dan and Lee as they discuss: the motivation for the creation of Socotra, Socotra’s open-API approach, the specialization and separa...
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Insurance Innovation Reporter: Innovating on Core Insurance Platforms in the Midst of a Pandemic
July 6, 2020
When it comes to digital transformation, industries like banking and financial services embraced digital technology years ago to drive efficiencies and fundamentally change how they delivered value to their customers. While there’s been an increase in the adoption of modern technology (true cloud, APIs, microservices) in the insurance industry, COVID-19 and resulting stay-at-home orders have acc...
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