Case Study: AuditCover launches embedded, secure tax-audit insurance in under 3 months with Socotra

AuditCover Is Changing Tax Audit Insurance with Ingenuity and the Socotra Modern Insurance Core Platform

AuditCover, founded in 2020, is an Australia-based startup offering personalised tax audit insurance for salary earners, sole traders, companies, directors and SMSFs. The company faced a long-standing industry problem: slow, error-prone quoting that forced accountants to collect and share sensitive client data with underwriters, creating inefficiencies and data‑breach risk. To build a scalable, self‑service product, AuditCover selected Socotra.

Using Socotra’s cloud-native, API-driven core platform, AuditCover designed an embedded, configurable quote-and-bind flow that the engineering team deployed themselves with Socotra’s professional services support. The solution launched to market in under three months, integrated easily with Stripe and Google tracking, and met ambitious UX targets (quote completion under 60 seconds for simple flows and under 2 minutes for complex entities), while reducing vendor dependency, improving security, and enabling faster product iterations. Socotra’s platform directly enabled these measurable gains.

AuditCover

Gil Snir

Founder & CEO