Socotra’s unwavering commitment to platform security is a testament to our dedication to safeguarding insurers’ critical data and operations. With a robust suite of industry-leading security measures, insurers can trust Socotra to give them the utmost protection and peace of mind in the digital landscape.
For true security, a system not only needs best-in-class encryption, testing, and auditing, it also needs to be easy to maintain and support. This means security protocols are always up to date and administrators find it simple to manage their accounts. Our core platform offers built-in encryption for your customer data and end-to-end platform security, and Socotra maintains ISO 27001 and SOC 1 Type 2 certification.
Customer data in Socotra is fully encrypted at rest and when traveling over the network. Socotra uses the latest security protocols including 256-bit encryption, generating strong private keys for each customer, automated secrets management, and network monitoring for unusual system behavior.
Our information security team completes regular penetration testing to identify platform vulnerabilities and security weaknesses. The findings are reviewed, prioritized, and remediated. Regular penetration testing ensures that our platform is secure even as we add new features for our customers.
Each production customer has an environment with its own configuration and data that’s completely independent. Ownership is clearly defined in Socotra’s terms and conditions. In addition, Socotra complies with EU regulations and provides customers with a data processing agreement that outlines the technical and operating procedures when working with customer data.
Every configuration change and operation involving customer data is tracked and recorded in Socotra’s audit log. This audit log is exposed via the event stream feature. The Socotra event stream includes the date, user, operation and relevant object ID. In addition to direct auditing applications, this event stream data can be used to orchestrate other operations, generate reports, or identify business operation weaknesses.
Socotra’s open APIs make it easy to access data and are fully documented at docs.socotra.com. These APIs provide access to core Socotra objects including policyholders, policies, invoices, payments, and event streams. Using these APIs, Socotra makes it simple to migrate data into Socotra, generate reports, and integrate with third-party/ancillary systems such as CRM systems, general ledgers, payment gateways, or consumer-facing applications.
Socotra recognizes that today’s world is changing faster than ever before. Insurance is no different, and as new information becomes available, an organization may want to update pricing, release new products, or allow new mid-term adjustments to cater to customer needs and react appropriately to risk changes. Socotra’s dynamic data model and automated version architecture allow organizations to make changes and let Socotra handle housekeeping and data management.
Customer data in Socotra is fully encrypted at rest and when traveling over the network. Socotra uses the latest security protocols, including 256-bit encryption, strong private keys for each customer, automated secrets management, and network monitoring for unusual system behavior.
Our information security team completes regular penetration testing to identify, prioritize, and remediate platform vulnerabilities and security weaknesses. Regular penetration testing keeps our platform secure as we add new features for our customers.
Each production customer has a completely independent environment with its own configuration and data. Ownership is clearly defined in Socotra’s terms and conditions. Socotra complies with EU regulations and provides customers with a data processing agreement that outlines the technical and operating procedures when working with customer data.
Every configuration change and operation involving customer data is tracked and recorded in Socotra’s audit log. This audit log is exposed via the event stream, which includes the date, user, operation, and relevant object ID. In addition to direct auditing applications, this event stream data can be used to orchestrate other operations, generate reports, or identify business operation weaknesses.
Socotra’s open APIs make it easy to access data and are fully documented at docs.socotra.com. These APIs provide access to core Socotra objects including policyholders, policies, invoices, payments, and event streams. Using these APIs, Socotra makes it simple to migrate data into Socotra, generate reports, and integrate with third-party systems such as CRM systems, general ledgers, payment gateways, or consumer-facing applications.
Today’s world is changing faster than ever before. As new information becomes available, an organization may want to update pricing, release new products, or allow new mid-term adjustments to cater to customer needs and react appropriately to risk changes. Socotra’s dynamic data model and automated version architecture allow organizations to make changes and let Socotra handle housekeeping and data management.
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