Case Study: Aite Group validates leading P&C core system performance with Socotra

Socotra Chosen as “Leading Contender” in U.S. P&C Core Systems Evaluation Report by Aite Group

Aite Group, in its 2020 U.S. P&C Core Systems Evaluation, set out to evaluate vendors that can help insurers modernize core systems to meet rising demands for cloud-native architecture, open APIs, better data integration, analytics, and improved policyholder digital experiences. In that context Aite Group assessed 14 competitors and highlighted Socotra’s cloud-native core system/platform as a leading solution for carriers seeking speed, flexibility, and digital-first capabilities.

Socotra’s cloud-native core system earned a “Leading Contender” designation from Aite Group, scoring 94% for product features (vs. an 87% average) and a historic 100% client service score, while enabling customers to launch products roughly 3x faster with lower total cost of ownership. Aite Group specifically praised Socotra’s open APIs, out-of-the-box data integration, and flexible support for any P&C product, noting measurable improvements in deployment speed, integration effort, and client satisfaction.

Aite Group

Jay Sarzen

Senior Analyst