Ready to transform your personal auto insurance business?
Now more than ever, drivers expect choice, personalization, and convenience from their personal auto insurer. Socotra’s agile core platform empowers insurers to elevate the customer experience, stay ahead of the competition, and drive financial growth.
Watch a demo of how Socotra can deliver immediate business value
Socotra empowers you to rapidly develop personal auto products and experiences your customers want and distribute them any way you like. Fill out the form to the right to see what agility and flexibility really look like with a modern core platform.
Trusted by personal auto insurers to launch new products and manage their existing book of business.
Average customer goes live from project start
Average customer during implementation
Our continuously improving platform means that personal auto insurers enjoy a lower total cost of ownership (TCO). As a true-cloud provider, there’s nothing to maintain, reducing upfront capital expenditures. And once you’re live, product upgrades are continuous, automatic, and free.
Launch 3x faster
Our cohesive platform is ready out of the box with nothing to customize. This saves our personal auto customers valuable time and is just one reason why they can accelerate their product development—on average, our customers go live 3x faster than legacy systems.
Reduce cost of change
With Socotra, personal auto insurers can make product changes and updates in record time. Changing rating, adding policy documents, or form fields take minutes, not months. Expanding your personal auto products into additional geographies is also an order of magnitude faster and cheaper and can be done without software upgrades.
Reach new markets
Acquire and retain customers by creating innovative personal auto products and experiences they want. With Socotra’s flexible product model, you can easily create digital-first experiences or modernize existing products to provide your customers with next-level personalization and convenience.
With Socotra, we were able to develop Poncho Insurance, a unique customer proposition for comprehensive car insurance in the Australian market, in a short timeframe. The platform is super flexible and low-cost, allowing us to continually improve the product and deliver it at a great price to customers.
Phil Wilson-Brown, Executive Manager, IAG Satellite
As a technical partner, Socotra helped Nationwide realize its vision by being the core system upon which Spire runs its entire policy admin operation, from quote to claim, creating an ideal insurance product together for the modern-day preferences of consumers.
Scott Liles, lead business executive, Nationwide Spire
Socotra had a better sense than most vendors about the levers of our business. They’ve added value well beyond their contracted role of technology vendor.
Marcus Oberholzer, Head of Growth, Strategy, & Finance, Nationwide Spire
Integrating the Socotra insurance core using their well-documented APIs was easy. Additionally, we can configure everything ourselves—no phone calls or time-consuming and costly customizations needed.
Alexander Sanders, CTO, TONI Digital
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
A seriously powerful insurance platform out of the box
Underwriting & Rating
Create and update rules and rates that reflect your evolving guidelines.
Efficiently manage the complex interactions needed throughout the policy lifecycle.
Take control with automated recurring billing and integrated reporting.
Manage claims from FNOL through settlement.
View and download standardized reports.
Choose Socotra, and get access to our ecosystem of partners
From payment processing to risk modeling to a front-end, we’ve got you covered through the Socotra Partner Network.