Socotra App MarketPlace Gains Momentum with Twelve InsurTech Partners
Socotra, the modern core platform provider for innovative insurers, today announced that twelve leading insurance technology providers have joined Socotra App MarketPlace to publish modern software apps connected to Socotra policy core, making the platform the fastest way for insurers to bring new products and features to market.
Built on Socotra's cutting-edge cloud platform, Socotra App MarketPlace is a breakthrough for the insurance industry, enabling insurers to eliminate integration projects and add new solutions and services in minutes.
As insurers seek to stay competitive and introduce new products and features at unprecedented speeds, they're increasingly looking to advanced technology solutions that accelerate time-to-market and modernize every aspect of the insurance value chain, from user experience to underwriting to claims. However, integrating these modern technologies is often impossible due to inflexible legacy core systems.
"From Salesforce AppExchange to Stripe App Marketplace to AWS Marketplace, there is no stronger engine for innovation than an app ecosystem," said Dan Woods, Founder and CEO, Socotra. "Socotra App MarketPlace is the first marketplace for insurers that works just like these well-known enterprise app marketplaces. Socotra was already the industry's best platform for innovation. With the addition of Socotra App MarketPlace, Socotra customers are able to add nearly limitless capabilities in minutes, not months."
Socotra App MarketPlace was introduced at InsureTech Connect 2021 as a beta program, and Socotra has made steady progress on building out the vision of a modern core platform. The first twelve partners developing apps for Socotra App MarketPlace include:
Socotra brings unparalleled speed and ease to insurance technology. With Socotra's modern core platform, global insurers and insurtech MGAs 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 www.socotra.com.