Socotra and Avolanta today announced a strategic partnership to help insurers launch innovative products and seamless digital experiences for brokers, agents, and customers.
This partnership combines Socotra’s powerful policy core and Avolanta’s flexible sales and service enablement platform. Together, the two companies will provide mutual customers with an end-to-end solution designed to streamline quotes, applications, and policyholder service, while reducing the friction between insurers, sales teams, and customers.
Delivering open APIs and a cloud-native architecture, Socotra is the first truly modern core system empowering insurers to rapidly launch, integrate, and scale innovative products with minimal effort and expense. Avolanta’s highly configurable platform allows insurers to build collaborative, mobile-first experiences for producers and policyholders faster and at a lower cost.
“Experiences for brokers, agents, and insurance customers often lag what is seen in other industries,” said Chuck Wilson, Co-Founder of Avolanta. “One reason is the tremendous difficulty of integrating legacy insurance core systems with modern applications and digital portals. Socotra has overcome this industry-wide issue by providing intuitive and open APIs that make integrations simple. With the end-to-end solution from Socotra and Avolanta, insurers can seamlessly deploy both digital frontend experiences and a robust foundation for mission-critical policyholder data.”
“Socotra and Avolanta share the view that insurance should be built to meet the needs of modern operators and consumers,” said Ekine Akuiyibo, Vice President of Business Development and Deployments at Socotra. “Avolanta offers insurers the ability to create collaborative and mobile-first experiences for brokers, agents, and customers. Socotra provides insurers with the powerful core and open APIs to launch next-generation insurance products—like embedded or usage-based insurance—with speed and ease. Combined, Socotra and Avolanta deliver the full tech stack that insurers need to differentiate their products and experiences and stay competitive in today’s market.”
About Socotra
Socotra is bringing transparency and accessibility to insurance technology. With Socotra’s modern core platform, global insurers and MGA insurtechs can accelerate product development, reduce maintenance costs, and improve customer experiences. Socotra provides open APIs, a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable. To learn more, visit socotradev.wpengine.com.
About Avolanta
Avolanta is a software company that helps insurers drive revenue by providing a better digital experience for producers and policyholders. By providing a collaborative, mobile-first and flexible interface, Avolanta’s solutions help transform the complete customer journey from quote and application capture to customer engagement and policy servicing. To learn more, visit www.avolanta.com.