Socotra for Parametric
Insurance

Unlock new markets and confidently deliver parametric insurance products that are tailored to the individual needs of your customers with Socotra. Whether you’re selling insurance for business interruption, cloud downtime, weather events, or other situations, we enable you to easily integrate third-party technologies, deliver more accurate pricing, and automate workflows.

Provide Peace of Mind with the Most Predictable Coverage Possible

Accurately depict exposures to improve risk assessment and pricing; offer coverage for hyper-specific loss scenarios; and automate claims workflows and straight-through-processing—all with Socotra.

The Most Powerful and Proven Platform for Parametric Insurance

Fast and accurate pricing

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

Product flexibility

Build and launch insurance products for virtually any situation with speed and ease. Using Socotra’s product inheritance, you can effectively manage product variations for different geographies, risk appetites, and partners from a central definition

Easy integrations

Seamlessly connect digital solutions, such as sensors and IoT devices, to monitor the parameters and automate the claims process

Fast and accurate pricing

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

Easy integrations

Seamlessly connect digital solutions, such as sensors and IoT devices, to monitor the parameters and automate the claims process.

Product flexibility

Build and launch insurance products for virtually any situation with speed and ease. Using Socotra’s product inheritance, you can effectively manage product variations for different geographies, risk appetites, and partners from a central definition.

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.