Socotra
The Modern Core Platform for Insurance
Overview
Socotra provides a modern, enterprise-grade core administration platform for insurers. Its flexible, API-driven architecture allows for the rapid development and deployment of insurance products. The platform is designed to support various lines of business, including P&C, life, and specialty insurance, by automating the entire policy lifecycle.
✨ Key Features
- Policy Administration
- Billing and Invoicing
- Claims Management
- Automated Underwriting Rules
- Product Configuration
- API-first Architecture
🎯 Key Differentiators
- Cloud-native architecture
- Open APIs
- Faster time to market
Unique Value: Empowers insurers to innovate and launch products faster with a flexible, cloud-native core platform.
🎯 Use Cases (4)
✅ Best For
- Launch of new insurance products
- Modernization of legacy core systems
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Organizations requiring extensive on-premise deployments
🏆 Alternatives
Offers greater agility and lower total cost of ownership compared to traditional legacy systems.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
✓ 14-day free trial
Free tier: N/A
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