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    Socotra

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    Deployed on AWS
    Socotra offers a modern core platform for insurers, enhancing agility, efficiency, and innovation in policy management, underwriting, and claims. It is designed to meet the unique needs of the insurance industry.

    Overview

    Socotra's core insurance platform empowers insurers to deliver exceptional customer experiences while reducing operational complexity. With features tailored for policy management, claims processing, and underwriting, the platform is fully cloud-native, ensuring scalability and flexibility. Moreover, its robust integration capabilities allow for seamless connections to various third-party services, which enrich the ecosystem and promote innovation.

    Highlights

    • Cloud-native solution that scales with your business needs.
    • Quickly launch new products with ease and confidence.
    • Access real-time data for enhanced reporting and analytics.

    Details

    Delivery method

    Deployed on AWS

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    Features and programs

    Financing for AWS Marketplace purchases

    AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
    Financing for AWS Marketplace purchases

    Pricing

    Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
    Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator  to estimate your infrastructure costs.

    12-month contract (1)

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    Dimension
    Cost/12 months
    Socotra Platform Fee
    $0.01

    Vendor refund policy

    All fees are non-cancellable and non-refundable except as required by law.

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    Legal

    Vendor terms and conditions

    Upon subscribing to this product, you must acknowledge and agree to the terms and conditions outlined in the vendor's End User License Agreement (EULA) .

    Content disclaimer

    Vendors are responsible for their product descriptions and other product content. AWS does not warrant that vendors' product descriptions or other product content are accurate, complete, reliable, current, or error-free.

    Usage information

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    Delivery details

    Software as a Service (SaaS)

    SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.

    Support

    Vendor support

    For support related to our platform, please visit our support page at https://www.socotra.com/contact-us/  or email us at support@socotra.com . Our professional services team is also available to assist with any implementation needs.

    AWS infrastructure support

    AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.

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    Customer reviews

    Ratings and reviews

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    2 external reviews
    Star ratings include only reviews from verified AWS customers. External reviews can also include a star rating, but star ratings from external reviews are not averaged in with the AWS customer star ratings.
    Insurance

    Socotra review

    Reviewed on Jan 24, 2021
    Review provided by G2
    What do you like best about the product?
    Quick to spin-up new environment and support.
    What do you dislike about the product?
    1. Misses many common insurance features.
    2. Long wait time for feature request implementation.
    What problems is the product solving and how is that benefiting you?
    Policy admin system for auto insurance.
    Insurance

    Socotra policy admin partnership has been great

    Reviewed on Jan 13, 2021
    Review provided by G2
    What do you like best about the product?
    I appreciate the flexibility and configurability that the Socotra policy admin system provides. It allows us to have a single source of truth for our product attributes and business rules that can be imported into their system. In addition, the Socotra staff assigned to our account has been very responsive to our questions and concerns. Our partnership with them has been great.
    What do you dislike about the product?
    Unfortunately some features that were requested were not completed in the time frame committed.
    What problems is the product solving and how is that benefiting you?
    We are looking to use a single policy admin system for all of our of life and health products. Socotra provides the flexibility and configurability that we are looking for in a policy admin product. Socotra also helps us to get out products to market more quickly.
    Recommendations to others considering the product:
    Our partnership with Socotra has been very good. They have a nice product that is flexible and configurable for many different insurance products. They are generally very responsive to feature requests but getting them completed may take some time. They have a number of requests in their backlog and your needs may not always be a top priority.
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