Socotra Stock

FinTech

Socotra is the developer of a cloud-native insurance core platform designed to deliver speed, agility, and efficiency to carriers, insurers, and MGAs in the industry. Their platform provides technology and standardized, public, open APIs to create and update rules and rates that align with evolving guidelines. It features a product-agnostic data model and out-of-the-box capabilities to manage the entire policy lifecycle. This makes insurance innovation faster, easier, and more affordable, enabling insurance companies to accelerate product development, reduce maintenance costs, and enhance customer experiences.