Socotra is a cloud-based, productized insurance core platform that enables carriers to easily and efficiently manage complex interactions throughout the lifecycle of policies, whether single line, single state or multi-line, multi-country. The platform supports underwriting, policy administration, claims, billing, reporting, and more.
ESPs containing Socotra
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
These solutions act as the main systems of record for claims personnel to view, assess, and make decisions regarding claims cases. While these systems help automate the claims process, they can also augment claims adjuster decision-making by providing necessary information and even suggestions for next best actions. While many vendors in this area offer established claims management systems — whic…
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Socotra's Products & Differentiators
Underwriting & Rating
Create rules and rates that are specific to your business needs and update them as circumstances change. Underwriting can be versioned and permissioned so that policy decisions can be made by the right parties.
Research containing Socotra
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Socotra in 10 CB Insights research briefs, most recently on Sep 19, 2022.
Expert Collections containing Socotra
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Socotra is included in 4 Expert Collections, including Insurtech.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
250 of the top fintech companies transforming financial services
Latest Socotra News
Oct 5, 2022
CB Insights today named Socotra to its fifth-annual Fintech 250 ranking, showcasing the 250 most promising private fintech companies of 2022. The post Socotra named to the 2022 CB Insights’ Fintech 250 List appeared first on Coverager - Insurance news and insights.
Socotra Web Traffic
Socotra Frequently Asked Questions (FAQ)
When was Socotra founded?
Socotra was founded in 2014.
Where is Socotra's headquarters?
Socotra's headquarters is located at 33 New Montgomery Street, San Francisco.
What is Socotra's latest funding round?
Socotra's latest funding round is Series C.
How much did Socotra raise?
Socotra raised a total of $84.2M.
Who are the investors of Socotra?
Investors of Socotra include 8VC, MS&AD Ventures, Portage Ventures, Brewer Lane Ventures, Nationwide Ventures and 4 more.
Who are Socotra's competitors?
Competitors of Socotra include Instanda, CoverGo, PolicyFly, OneShield, DXC Technology, Insurity, Joshu, EIS Group, Particeep, Bestow and 28 more.
What products does Socotra offer?
Socotra's products include Underwriting & Rating and 4 more.
Who are Socotra's customers?
Customers of Socotra include Bamboo Insurance, Sigo, Mutual of Omaha and IAG.
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