Case Study: KOBA Insurance achieves rapid UBI product expansion and international scalability with Socotra

KOBA Insurance Chooses Socotra Policy Core Platform to Expand UBI Product Portfolio

KOBA Insurance, an insurtech MGA pioneering pay-per-kilometer usage-based (UBI) auto insurance in Australia, needed a modern, scalable core to expand internationally and broaden its product portfolio into boats, motorcycles, fleets and rideshare. To meet that challenge, KOBA selected Socotra and is migrating its program onto the Socotra policy core platform to support rapid product launches and flexible distribution.

Socotra’s cloud-native platform gives KOBA a single, extensible core that can plug in multiple raters and claims systems, white‑label products for mid-sized carriers, and scale across geographies. With Socotra’s platform in place, KOBA has sustained 50% month‑on‑month growth, supported customers for over 1,000,000 km of pay‑per‑km coverage, launched a car‑share product and positioned its insurance‑as‑a‑service offering for international rollout.

KOBA Insurance

Andrew Wong

Founder and CEO