Chenoa Partners with Socotra to Help Insurance Companies Rapidly Transform and Innovate

January 12, 2023

Chenoa is proud to announce a strategic partnership with Socotra, the first cloud-native insurance core platform that can be utilized by global carriers and insurtech MGAs to easily configure and launch insurance products and services. In addition to robust and out-of-the-box industry-specific functionality, this partnership provides swift capabilities to develop and launch end-to-end solutions for our insurance clients.

Niku Trivedi, co-founder of Chenoa said, “With this partnership, we aim to reduce time-to-market for our clients, while providing them with a secure and modern insurance core platform. We plan to utilize our strength in the low-code development space to build digitally engaging front-end user experiences and couple it with Socotra’s powerful backend functionality to deliver innovative insurance products”.

Socotra Connected Core empowers insurers to easily add leading third-party technologies and services through its ever-expanding App MarketPlace. Through Chenoa’s extensive insurance industry experience over the last decade, we have seen the difficulties that insurers face in adapting to the rapid nature of the processes involved in the entire policy lifecycle, from quoting and underwriting to claims and reporting. We are excited to partner with Socotra to address these pain points and help insurance companies innovate and grow their businesses.

Socotra is the latest addition to Chenoa’s Emerging Technologies group of partners.