Case Study: Mutual of Omaha achieves rapid cloud modernization and cuts policy issuance to under 20 days with Socotra

A century-old life insurer charts a remote course to the cloud

Mutual of Omaha, a Fortune 500 mutual insurer founded in 1909, needed to modernize a rigid legacy core system that was slowing product innovation and taking 50+ days to issue disability policies. To gain agility, real-time APIs, and cloud-native scalability on AWS, they adopted Socotra’s cloud-native policy administration system as the backbone of a new Enterprise Business Platform Labs (EBPL) initiative.

Socotra’s configurable, API-first architecture and documentation enabled Mutual of Omaha to plug in best-of-breed components, integrate into a CI/CD pipeline, and focus on customer experience. The result: the disability product was built and launched in the cloud within the 12-month migration timeline, product definition-to-MVP cycles under 100 days, issuance time cut from 50+ days to 20 days or fewer, run costs reduced by ~50%, and new features (like return of premium) deployed across the ecosystem in three weeks — all leveraging Socotra.

Mutual of Omaha

Jerry Sayre

Chief Software Engineering Officer