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Socotra for parametric
insurance

Help your customers prepare for nearly any potential risk with parametric insurance products tailored to their individual needs.

Provide peace of mind with the most predictable coverage possible

Natural disasters and other unpredictable, chaotic events are a fact of life – but how you respond to your customers in times of need shouldn’t be. Offer coverage for hyper-specific loss scenarios with accurately-priced risk models and the most comprehensive consumer and marketplace data in the insurance industry.

 

Make protection from the unpredictable simple and convenient

Fast and accurate pricing

Make smarter, faster risk decisions with up-to-date property and customer data, available instantly and automatically

Inspire confidence

Set expectations for specific scenarios and give your customers the ability to anticipate favorable outcomes

Improve customer experiences

Minimize the stress of planning for adverse events by offering straightforward coverage options for virtually any situation

Fast and accurate pricing

Make smarter, faster risk decisions with up-to-date property and customer data, available instantly and automatically

Improve customer experiences

Minimize the stress of planning for adverse events by offering straightforward coverage options for virtually any situation

Inspire confidence

Set expectations for specific scenarios and give your customers the ability to anticipate favorable outcomes

Unparalleled reliability

Seamless upgrades eliminate business interruptions

End-to-end security

State-of-the-art encryption, access controls, and continuous monitoring

Always up to date

Multi-tenancy and continuous upgrades with zero downtime

Built-in compliance

Effortlessly meet and exceed complex compliance requirements

Unparalleled reliability

Seamless upgrades eliminate business interruptions

Always up to date

Multi-tenancy and continuous upgrades with zero downtime

End-to-end security

State-of-the-art encryption, access controls, and continuous monitoring

Built-in compliance

Effortlessly meet and exceed complex compliance requirements

Welcome to the
power of simplicity

Uniquely agile and scalable, Socotra empowers insurers of all sizes to think, act, and grow more effectively and efficiently with the industry’s only proven, mature enterprise platform.

"Mutual of Omaha is dedicated to leveraging technology to connect with our customers and serve their best interests. The technical capabilities offered in the Socotra platform are designed to support a quality user experience. Socotra's cloud-native architecture and pluggable/extensible design makes it a good fit as a solution in our enterprise business platform."

Jerry Sayre
Chief Software Engineering Officer, Mutual of Omaha

"Socotra was the only core platform that had the flexibility necessary to support our vision, and the agility required to adapt to our customers' needs."

Nestor Hugo Solari
Co-Founder and CEO, Sigo Seguros

"Mutual of Omaha is dedicated to leveraging technology to connect with our customers and serve their best interests. The technical capabilities offered in the Socotra platform are designed to support a quality user experience. Socotra's cloud-native architecture and pluggable/extensible design makes it a good fit as a solution in our enterprise business platform."

Jerry Sayre
Chief Software Engineering Office, Mutual of Omaha

"Socotra was the only core platform that had the flexibility necessary to support our vision, and the agility required to adapt to our customers' needs."

Nestor Hugo Solari
Co-Founder and CEO - Sigo Seguros

See it in action, put it to work

Test our platform by configuring a usable insurance product you can bring to market on day one.