Case Study: CoverTree achieves 92% application automation and launches affordable manufactured‑home insurance with Socotra

CoverTree partners with Socotra to launch easy and affordable insurance for the underserved manufactured home market

CoverTree, an insurtech MGA focused on manufactured homes, faced an underserved market with high premiums, limited customer service, and slow, manual underwriting. To deliver fast, affordable digital insurance and automate its operations, CoverTree partnered with Socotra and adopted Socotra’s modern core platform with open APIs and third‑party integrations.

Leveraging Socotra’s platform and integrations like Cape Analytics, CoverTree implemented straight‑through processing for 92% of applications, enabling customers to buy a policy online in under three minutes, reducing acquisition costs, and passing savings of up to 40% in premiums to policyholders. With Socotra’s support, CoverTree began writing policies in five states within six months and is positioned to scale further.

CoverTree

Divyansh Sharma

Co-Founder and CTO