# Socotra Reviews **Vendor:** Socotra **Category:** [Insurance Suites Software](https://www.g2.com/categories/insurance-suites) **Average Rating:** 4.5/5.0 **Total Reviews:** 2 ## About Socotra Serving one of the world’s largest and most technologically neglected industries, Socotra’s mission is to provide insurers with a modern, flexible, enterprise-grade core system that enables them to rapidly develop and distribute products that better serve their customers. Socotra brings unparalleled speed, flexibility, and choice to give insurers more control over their business. With Socotra’s complete insurance solutions, global insurers and insurtech MGAs can accelerate product development, reduce costs, and improve customer experiences. Socotra provides open APIs, a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable. Socotra’s powerful data model and extensible API-driven architecture empowers insurers to prototype, launch, and update insurance products quickly and easily. The Socotra platform, Socotra Connected Core, is built from the ground-up using the latest technologies to be transparent, reliable, flexible, and secure. It is continuously evolving living software that keeps getting better. No customization of code is needed: Connected Core is ready out-of-the-box for product configuration and deploys with ease and speed. Socotra also provides the first cloud-native app marketplace for insurers, Socotra App Marketplace, reducing integrations from months to minutes. With Socotra App MarketPlace insurers can instantly expand their capabilities while gaining the agility needed to compete in the dynamic insurance industry. ## Socotra Reviews ### 1. Socotra policy admin partnership has been great **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Insurance | Enterprise (> 1000 emp.) **Reviewed Date:** January 13, 2021 **What do you like best about Socotra?** 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 Socotra?** Unfortunately some features that were requested were not completed in the time frame committed. **Recommendations to others considering Socotra:** 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. **What problems is Socotra 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. ### 2. Socotra review **Rating:** 3.0/5.0 stars **Reviewed by:** Verified User in Insurance | Enterprise (> 1000 emp.) **Reviewed Date:** January 24, 2021 **What do you like best about Socotra?** Quick to spin-up new environment and support. **What do you dislike about Socotra?** 1. Misses many common insurance features. 2. Long wait time for feature request implementation. **What problems is Socotra solving and how is that benefiting you?** Policy admin system for auto insurance. ## Socotra Discussions - [What is Socotra used for?](https://www.g2.com/discussions/what-is-socotra-used-for) - [View Socotra pricing details and edition comparison](https://www.g2.com/products/socotra/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-14+11%3A48%3A59+-0500&secure%5Bsession_id%5D=83e4039c-ccad-4171-af24-a6bda11cb1ec&secure%5Btoken%5D=637d2edf9d443168dd73e05d5eb343a10b384de0b2883cca79742dec6e1e47ee&format=llm_user) ## Socotra Features **Claims Submission - Insurance Claims Management** - Document Uploads - Online Claims Forms **Administration** - Accounting - Contact Management - Commissions - Sales Tools - Reporting & Dashboards - Payment Processing - Email Integration - Task Management **Claims Processing - Insurance Claims Management** - Automated Workflow Management - Task Assignment - Case Collaboration **Insurance Documentation** - Claims Management - Policy Management - Invoicing & Receipts - Electronic Signatures **Claims Tracking - Insurance Claims Management** - Claim History - Real-Time Claim Tracking **Claims Settlement- Insurance Claims Management** - Automated Claim Settlement - Payment Processing Integration - Claims Settlement Calculator **Risk Management - Insurance Claims Management** - Fraud detection - Risk Scoring **Analytics and reporting - Insurance Claims Management** - Claim Data Insights - Analytics Dashboards ## Top Socotra Alternatives - [Applied Epic](https://www.g2.com/products/applied-epic/reviews) - 4.4/5.0 (1,552 reviews) - [EZLynx](https://www.g2.com/products/ezlynx-ezlynx/reviews) - 4.4/5.0 (683 reviews) - [AMS360](https://www.g2.com/products/ams360/reviews) - 4.3/5.0 (898 reviews)