List of Socotra Rating Customers
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Since 2010, our global team of researchers has been studying Socotra Rating 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 Rating for Insurance Pricing and Rating Engine 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 Rating for Insurance Pricing and Rating Engine include: MS Amlin, a United Kingdom based Insurance organisation with 2000 employees and revenues of $3.25 billion, Hippo Insurance, a United States based Insurance organisation with 621 employees and revenues of $406.0 million and many others.
Contact us if you need a completed and verified list of companies using Socotra Rating, 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.
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Hippo Insurance | Insurance | 621 | $406M | United States | Socotra | Socotra Rating | Insurance Pricing and Rating Engine | 2022 | n/a |
In 2022, Hippo Insurance implemented Socotra Rating, an Insurance Pricing and Rating Engine, to power its Commercial Lines homeowners association HOA insurance quoting and policy lifecycle. Socotra Rating was deployed on Socotra's cloud native core platform and used open APIs to expose rating and policy services to Hippo's product stack, focusing on accurate quote generation and tailored community specific policies.
The deployment included the Socotra Rating complex rating algorithm, underwriting rule sets, and policy administration capabilities to manage policies through their full lifecycle. Configuration emphasized community level customization, embedding coverage for amenities such as swimming pools and consolidating property and liability coverages into a single policy and invoice. The system supported a streamlined quote workflow that collects only the information needed to provide coverage, replacing a questionnaire that previously required 60 or more questions.
Integrations were handled via Socotra open APIs, enabling Hippo's Commercial Lines platform to request quotes and provision policies programmatically and to accelerate state by state product launches. Operational rollout built on the HOA product launched in Arizona in August 2021 and expanded through 2022 into more than 15 states including Arizona, Colorado, Delaware, Idaho, Illinois, Indiana, Massachusetts, Maryland, Michigan, Nevada, Oregon, Pennsylvania, Tennessee, Utah, Wisconsin, and West Virginia. The implementation covered quoting, underwriting, issuance, and policy administration functions across Hippo's Commercial Lines organization.
The partnership between Hippo and Socotra began in early 2021 and was used to improve speed to market for new state launches and to support product diversification in Commercial Lines. Governance emphasized product configuration and underwriting rule management within Socotra Rating to ensure policies were tailored at the community level and to maintain a single policy and invoice experience for customers. The deployment established a modern, cloud native core for Insurance Pricing and Rating Engine operations that underpins Hippo's expansion into HOA markets.
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MS Amlin | Insurance | 2000 | $3.3B | United Kingdom | Socotra | Socotra Rating | Insurance Pricing and Rating Engine | 2020 | n/a |
In 2020, MS Amlin implemented Socotra Rating as the core backend for a new digital SME insurance initiative, deploying Socotra Rating in the Insurance Pricing and Rating Engine category to support a digital-first distribution model. The initiative, announced July 7, 2020, targets SME product lines including fleet, commercial liability, property, and commercial package offerings with initial launches planned for Belgium, the Netherlands, the United Kingdom, and France, and emphasizes enhancements across claims and finance workflows.
The implementation centers on Socotra’s cloud-native platform, its open APIs, and a flexible data model to deliver an Insurance Pricing and Rating Engine capable of real-time quote generation and immediate rate changes. Functional capabilities implemented include core rating and pricing logic, product configuration and cataloging for multiple commercial lines, and API-enabled product and rate lifecycle management to accelerate product development timelines.
Integrations were implemented using Socotra’s open APIs to connect the new rating engine with MS Amlin’s existing systems and a centralized data storage platform, enabling end-to-end digital backend processes and broker-facing distribution channels. Operational coverage spans underwriting, product management, distribution, claims, and finance functions, reflecting a consolidated backend approach to support both traditional and non-traditional product variants within MS Amlin’s European SME footprint.
Governance and rollout emphasized platform-driven agility and service improvement, with executive commentary noting the platform choice was intended to improve customer and broker experience and speed response to market trends. Public statements by MS Amlin and Socotra explicitly link the Socotra Rating deployment to accelerated product development, improved operational agility, and support for a fully API-enabled insurance backend, with third-party industry commentary highlighting the move toward cloud-based, API-enabled core systems.
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