Policy Administration
Efficiently manage the complex interactions needed throughout the lifecycle of your policies. Flexible configuration is supported for personal, commercial, specialty, and term-life lines.
Easy configuration
Application forms, endorsements, and premiums can be updated in minutes. Entire lines of business can be added in weeks, without engaging an outside vendor.
Create policy documents
Define and customize documents ranging from invoices to policy output to customer notifications. Users can download them as PDFs, view them as web pages, or send them automatically embedded in emails.
Efficient quote and bind
Agents and underwriters can work collaboratively on our platform to generate quotes and bind the risk with the required rating, documents, and reporting.
Reach your customers
In addition to our web portal, custom direct-to-consumer website and mobile applications can be easily created using our APIs.
Create standardized products
ACORD forms and NCCI ratings can be quickly deployed or customized to expedite product launches.
Integrated search
All data is available from one universal search tool in our web portal.
Go worldwide
Socotra supports multiple currencies, local languages, and multi-country regulatory requirements out of the box.
Socotra brings an innovative approach to core systems. Their product-agnostic platform and out-of-the-box features make configuration and implementation easy, improving speed-to-market.
JoAnne Artesani, VP of Commercial Lines, Hippo
In designing our enterprise business platform, Socotra gave us a good example of what success looks like through its configurability and extensibility. It showed us what frictionless software looks like and challenged us to incorporate, in our own designs, pluggability concepts and encapsulation. When exploring and evaluating other vendor solutions in the insurance value chain, we apply the Socotra standard to them.
Jerry Sayre, Chief Software Engineering Officer, Mutual of Omaha
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
Symetra wanted the ability to rapidly develop and deploy new products in an agile fashion as consumers shift their purchasing habits to digital channels. Socotra’s platform allows us to adapt our processes and deliver the best experience to our customers.
Mindi Work, SVP and Chief of Strategy, Symetra
Socotra handed us the essential underlying insurance functionality as a readily developed product on a silver platter.