Case Study: Elpha Secure launches cyber insurance in under two months with Socotra's cloud-native platform

Elpha Secure launches cyber insurance offering on Socotra’s cloud-native platform in less than two months

Elpha Secure, a cybersecurity startup that combines cyber insurance with security software for small and midsize businesses, needed a modern, flexible policy administration platform that could integrate with its front-end and proprietary systems—legacy PAS solutions were too rigid. The company chose Socotra’s cloud-native platform with open APIs and a product-agnostic data model to support rapid integration and innovation.

Using Socotra—including a 30-day free trial and a self-service implementation—Elpha Secure configured and launched a comprehensive cyber insurance product covering business interruption, financial and data losses (including ransomware), and third-party cybercrime lawsuits across all 50 states in less than two months. Socotra’s platform enabled digital underwriting and broker quoting in seconds, reduced deployment time and costs, and delivered a streamlined, transparent customer experience.

Elpha Secure

Preetam Dutta

Chief Executive Officer