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
At a Glance
- Founded
- 2014
- Headquarters
- San Francisco, California
- Employees
- 101-200
- Funding
- Series C
Category & Focus
- Category
- Core Administration
- Subcategories
- Policy Administration Billing Claims Management Underwriting
- Insurance Verticals
- P&C Life & Annuity Specialty Commercial
- Target Customers
- Carriers, MGAs, Insurtechs
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
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Last updated: 2026-03-25