Socotra has announced the availability of the first insurance policy core platform in the AWS marketplace, Connected Core

According to reports, Connected Core will make it easier for insurers to adopt the platform, and this will result in faster implementation times and improved efficiencies.  In a statement issued by Socotra, the insurtech said: “The core platform will help accelerate speed to market, and bring innovation to customer offerings.”

Socotra’s Connected Core is built on a modern cloud-native architecture, providing insurers with greater flexibility and agility to adapt to evolving market conditions. The platform is highly configurable, enabling insurers to rapidly launch new products and services, and automate underwriting, billing, and claims processes.

This news also follows the recent launch of Socotra CorePlus, a line of complete insurance IT solutions designed for Homeowners and Auto, composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with industry-leading software and data providers. Socotra CorePlus is designed to decrease risk and costs, while increasing speed-to-market and standardisation. 

Socotra bringing customer value to AWS

AWS Marketplace’s digital catalog contains thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).

Socotra’s availability in AWS Marketplace is a step forward in the company’s mission to serve the insurance industry through better innovation and technology. It further reinforces Socotra’s position as a leading provider of modern enterprise insurance platforms, offering insurers the ability to quickly launch new products, reduce operational costs, and improve customer experiences. 

Speaking about the launch, Mike Benayoun, Director of Partnerships at Socotra, said: “For years, Socotra has valued and enjoyed our enduring relationship with AWS. As we introduce this new facet to our relationship, we believe AWS Marketplace opens the door for insurer customers to leverage Socotra’s Connected Core to modernise and speed their product and service offerings to market.”

He added: “AWS Marketplace provides our customers a trusted, convenient, and standardised means of purchasing our software, while confidently deploying on AWS.”

Source: Business Wire