Socotra for telematics and usage-based insurance

Improve pricing accuracy and risk management as you deploy and scale telematics and usage-based insurance. With Socotra’s open APIs, you can seamlessly integrate telematics and other third-party technologies. Execute high-volume, real-time transactions and offer discounts to your customers using our powerful cloud-native platform and intelligent rating capabilities.

Meet customer expectations with the industry's most mature solutions

With Socotra, you can modernize your auto insurance products by adding the option for telematics and usage-based coverage (UBI). Whether you serve personal auto customers or the largest fleets of commercial drivers, Socotra has the platform you need to make your business goals a reality.

The coverage your customers demand,
powered by the tools you need

Better decision-making

Power your smarter auto insurance products with real-time consumer data

Improved risk rating

Get driver info directly from the source for more accurate rating and pricing

Increased customer satisfaction

Make your insureds happier than ever with coverage tailored specifically to them

Better decision-making

Power your smarter auto insurance products with real-time consumer data

Increased customer satisfaction

Make your insureds happier than ever with coverage tailored specifically to them

Improved risk rating

Get driver info directly from the source for more accurate rating and pricing

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 truly mature enterprise platform.

"We are able to keep our team small and our TCO is at least 30% lower than other platforms. Without Socotra, our team would at least have to be 50% larger."

Gage Caligaris
Founder and CEO, Covertree

"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

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