Socotra for embedded insurance

Get the flexibility, performance, and automation you need to deploy embedded insurance products with Socotra. Launch any insurance product, sell through any distribution channel or digital experience, automate underwriting, and provide real-time quotes at scale.

Meet your customers where they are

Projected to grow to a $500 billion market by 2032, embedded insurance unlocks new customer segments and distribution channels. However, this requires a seamlessly connected ecosystem, driven by APIs. With Socotra, you can offer insurance to your customers at the right time and right place.

Bring embedded insurance products to market more confidently with Socotra’s powerful and flexible capabilities

Embedded insurance relies on a connected ecosystem. Socotra’s open APIs and modular design simplify integrations, allowing insurers to sell through any distribution channel or digital experience, whether that’s at the point of sale of a product, through a mobile app service, or through another insurer’s website.
Embedded insurance requires consumer-grade performance, reliability, and scale. Socotra is the only insurance core built from consumer-grade cloud technology. It delivers 89ms response times for quotes and >99.995% uptime.
Insurers may choose to sell a variety of products through an embedded channel. Socotra supports all lines of business, including specialty, usage-based, personal, and commercial lines.
Embedded insurance often requires automated underwriting, as customers can’t wait for human intervention to get a quote or bind a policy. Socotra’s rating engine enables you to instantly generate accurate quotes.

Make it easier than ever to protect people in need

Convenient and compelling

Give your customers the ability to protect their investments with just a click or two, right at the point of sale

Accurate risk assessment

Use precise point of sale data to generate appropriately-priced quotes instantly

Add value to build trust

Give consumers more confidence in their purchase decisions and vendor relationships

Convenient and compelling

Give your customers the ability to protect their investments with just a click or two, right at the point of sale

Add value to build trust

Give consumers more confidence in their purchase decisions and vendor relationships

Accurate risk assessment

Use precise point of sale data to generate appropriately-priced quotes instantly

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"With Socotra, qualified customers can now purchase term life insurance through an online, self-service experience in 25 minutes or less."

Mindi Work
Chief Strategy Officer - Symetra

"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

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