# Socotra

> The first modern, cloud\-native core platform for technology\-driven insurers

## At a glance

| Field | Value |
| --- | --- |
| Category | Core Administration |
| Type | Solutions Provider |
| Region | NA |
| Headquarters | San Francisco, California |
| Founded | 2014 |
| Stage | Growth |
| Employees | 101-200 |
| Funding | Series C |

## Overview

Socotra is a cloud-native insurance core platform founded in 2014 by Dan Woods, a former Palantir engineer and Stanford AI researcher. The company provides the first truly modern, API-first policy administration system designed for technology-driven insurers, MGAs, and insurtechs.

Built from the ground up as a cloud-native solution, Socotra delivers a powerful and scalable billing and policy administration system with a flexible data model that gives insurers the ability to support any line of business and handle any type of transaction. The platform is known for its industry-leading uptime (>99.994%) and its commitment to open, publicly-documented APIs.

Socotra serves leading carriers including AXA, Mutual of Omaha, Symetra, MS Amlin, and IAG, as well as insurtech MGAs such as Hippo, Bamboo Insurance, Jetty, and CoverTree.

## Products & services

### Socotra Policy

Enterprise core platform for policy administration with modules for billing, rating, document generation, and claims.

**Key features:**

- Full policy lifecycle management \(underwriting, rating, billing, claims\)
- Out\-of\-sequence and late\-term endorsement handling
- Reversible transactions with quote\-ahead capability
- Product\-agnostic data model

*Target users:* Carriers, MGAs, IT Teams

### Socotra Billing

Integrated billing module that easily connects with general ledger, payments, and policy admin systems.

**Key features:**

- Payment processing integration
- General ledger connectivity
- Automated delinquency management
- Commission calculations

*Target users:* Carriers, Finance Teams

### Claims Management

Claims filing and tracking module integrated with the core platform.

**Key features:**

- Claims filing workflow
- Policy limits tracking
- FNOL processing
- Subrogation tracking

*Target users:* Carriers, Claims Adjusters

### Socotra Marketplace

Partner ecosystem providing pre-built integrations with industry applications.

**Key features:**

- Payment processor integrations
- Low\-code/no\-code app connectors
- AI provider integrations
- Real\-time data vendor connections

*Target users:* Carriers, IT Teams, Partners

## Category & focus

- Subcategories: Policy Administration, Billing, Claims Management, Underwriting
- Insurance verticals: P&C, Life & Annuity, Specialty, Commercial
- Target customers: Carriers, MGAs, Insurtechs

## Notable customers

- AXA
- Mutual of Omaha
- Symetra
- MS Amlin
- IAG
- Hippo Insurance
- Bamboo Insurance
- Jetty
- CoverTree
- Ledgebrook
- Annex Risk
- Loggerhead Insurance
- Steadily
- Oka \(Carbon Insurance\)

## Links

- Website: <https://www.socotra.com>
- Directory profile: <https://insurtechlist.com/companies/socotra/>
- News: <https://www.socotra.com/news-and-press-v2/>
- Company: <https://www.socotra.com/company/>
- Partners: <https://www.socotra.com/partners/>
- Documentation: <https://docs.socotra.com>

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*Last updated: 2026\-03\-25*