List of Socotra Policy Customers
San Francisco, CA, 94105-4520,
United States
Since 2010, our global team of researchers has been studying Socotra Policy customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Socotra Policy for Insurance Policy Administration from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Socotra Policy for Insurance Policy Administration include: Mutual of Omaha, a United States based Insurance organisation with 8300 employees and revenues of $9.35 billion, Insurance Australia Group, a Australia based Insurance organisation with 13650 employees and revenues of $8.99 billion, Jetty, a United States based Insurance organisation with 150 employees and revenues of $20.0 million and many others.
Contact us if you need a completed and verified list of companies using Socotra Policy, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Socotra Policy customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Insurance Australia Group | Insurance | 13650 | $9.0B | Australia | Socotra | Socotra Policy | Insurance Policy Administration | 2019 | n/a |
In 2019 Insurance Australia Group's IAG Satellite implemented Socotra Policy, an Insurance Policy Administration platform, to power its Accelerator model and to launch the Poncho digital auto product in Australia. The program completed after approximately a 10 month implementation focused on a policy administration, underwriting and billing use case for the Australian market.
Socotra Policy was configured to support core policy management, underwriting workflow orchestration, and billing capabilities, with platform security and policy lifecycle controls applied to insurer operational requirements. The implementation leveraged the platform's Insurance Policy Administration capabilities to provide a centralized policy record, configurable rating and coverage logic, and billing orchestration aligned to digital product demands.
Operationally the deployment targeted IAG Satellite and the Australian auto line, integrating the Socotra Policy instance with the Accelerator model and front-end digital channels to enable Poncho distribution and issuance. The scope included underwriting teams, product development and customer-facing operations in Australia, aligning policy administration and billing processes to the new digital product.
Governance and rollout emphasized rapid iteration and product-led configuration, embedding streamlined policy governance and workflow automation to shorten development cycles and support accelerated releases. Change management focused on updating underwriting and billing processes to operate against the new Insurance Policy Administration core and to maintain platform security standards.
As an explicit outcome, the Socotra Policy implementation enabled the Poncho launch in October 2019, improved speed-to-market for the Accelerator model and contributed to IAG receiving a Celent Model Insurer award.
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Jetty | Insurance | 150 | $20M | United States | Socotra | Socotra Policy | Insurance Policy Administration | 2023 | n/a |
In 2023, Jetty implemented Socotra Policy as its Insurance Policy Administration platform. The implementation targeted surety and renters insurance product lines, and Jetty went live in the United States in August 2024.
The deployment used Socotra Policy and Socotra Reporting & Data modules to support policy lifecycle management, quoting and binding workflows, policy issuance, and reporting capabilities. Configuration emphasized API first bindings and bulk data extraction to populate financial reporting pipelines and automate policy bind actions.
API integrations and bulk data access were central components, providing feeds for near real time financial reporting and enabling programmatic policy binds through the Socotra Policy APIs. Operational coverage included underwriting, policy operations, and finance teams across Jetty's US operations.
Rollout was completed in less than 12 months, with a staged implementation across product lines and governance focused on API access controls and data availability for reporting. Outcomes reported include a 4x faster policy bind process and near real time financial reporting.
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Mutual of Omaha | Insurance | 8300 | $9.3B | United States | Socotra | Socotra Policy | Insurance Policy Administration | 2019 | n/a |
In 2019 Mutual of Omaha deployed Socotra Policy in its Insurance Policy Administration environment to modernize policy operations and to launch a cloud-native disability income product in the United States. The implementation focused on shortening product time to market and enabling API driven operations for policy lifecycle management.
Mutual of Omaha implemented Socotra Policy together with Socotra Reporting to manage policy administration functions, including product modeling, policy issuance orchestration, and configurable business rules for underwriting and servicing. Configuration-first product definition and rule engines were used to accelerate setup of the disability income product while preserving operational control through the policy administration interface.
The solution was provisioned as a cloud-native architecture with continuous integration and continuous delivery pipelines to support iterative releases of the disability income product, and open APIs were used to expose policy services for downstream consumption. Socotra Policy served as the system of record for policy data, while API endpoints and reporting capabilities enabled automated handoffs to distribution and operational workflows.
Deployment covered product, policy operations, underwriting, and IT teams responsible for configuration and release cadence, with governance centered on CI CD pipelines and API change control to manage product updates. The Socotra Policy deployment reduced application to issuance time from approximately 50 days to approximately 20 days and materially lowered run costs for the disability income product.
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