Remember seeing phone company trucks driving around town with giant spools of wire, installing new communication lines everywhere new construction was planned or in progress? It seemed like every day there was a new project going on, and a spool or two on the side of the road somewhere. With the advent of cell phones (and much better planning and coordination between communications providers and municipalities), the spools are a rare sight nowadays. A modern approach centralized the hard work and handily took the place of distributing and overcomplicating all of that effort. So why are insuran ..read more

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The post Loggerhead Insurance, Powered by Socotra, Brings Much-Needed Capacity to Florida Homeowners Market appeared first on Socotra ..read more

The post Case Study: Ledgebrook Harnesses Socotra Technology to Redefine E&S Insurance appeared first on Socotra ..read more

The post Socotra and Partners to Host Premier Insurance Networking Event appeared first on Socotra ..read more

Specialist research firm FinTech Global has unveiled its sixth annual edition of its prestigious InsurTech100 list, and Socotra has been named as a key player in the industry. The ranking celebrates the groundbreaking tech companies that are developing solutions to the insurance industry’s most daunting challenges. Over the last couple of years, insurance firms have faced an uphill battle to rapidly digitise their services and meet the evolving customer demands. InsurTech companies have consistently been the solutions to these challenges. Experts predict the sector is set to soar at a CAGR of ..read more

AUSTIN, Texas–Socotra, the leading provider of modern, cloud-based technology for insurers worldwide, announced today that Sonny Patel has joined the company in the role of Chief Product and Technology Officer. She will be responsible for leading the company’s Product and Engineering teams alongside Product Architect Matt Hamilton, who leads Socotra’s platform strategy and product design. Sonny Patel, Chief Product and Technology Officer “The insurance industry is changing rapidly in response to consumer expectations, and meeting those needs means having the technological tools to respond quic ..read more

Artificial intelligence (AI) is reshaping the landscape for businesses in all sectors, and the insurance industry is no exception. Machine learning and advanced algorithms have empowered insurers to speed and streamline operations across functions, and with adoption of these technologies well underway, the next generation of artificial intelligence – generative AI – promises to deliver the next round of advances in insurance process automation. For insurers, the AI journey began with deploying the technology to streamline data analytics, automate routine tasks, and communicate 24/7 with policy ..read more

The post What Matters Most to Insurance Producers? A Guide for Insurers appeared first on Socotra ..read more

During ITC DIA Europe in Barcelona, FF News chats with Ekine Akuiyibo, Chief Business Officer at Socotra, to learn more about Socotra’s cloud-based core insurance platform that empowers insurance companies to efficiently design, launch, and manage innovative insurance products. Leveraging the provider’s technology, insurers become enabled to swiftly adapt to market demands and achieve scalable growth. “The biggest takeaway is that, finally, the business of insurance is beginning to understand this notion of composable enterprises, which is what we’ve been talking about from a technology stand ..read more