Insurance › Core Insurance (Policy & Billing) › Policy Administration System (PAS)
Socotra Policy Administration
A cloud-native policy administration core with modular design and open APIs for insurance.
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Overview
Socotra Policy Administration is a core insurance platform designed to support policy administration, billing, rating, document generation, and more through modular components.
The system is built on consumer-grade cloud technology providing high uptime, scalability, and continuous updates without customization, supporting multiple geographies and lines of business purely through configuration.
Socotra offers open APIs for easy integration, supports multi-tenancy, and enables insurers to build or modify user interfaces independently, facilitating agile and predictable deployments.
Key Features
- + Modular architecture with billing, rating, document generation modules
- + 100% open APIs for integrations and UI customization
- + True cloud-native platform with >99.994% uptime and autoscaling
- + Pure configuration deployment with no custom coding
- + Multi-tenancy and multi-site failover support
- + High-performance bulk queries and real-time event streams
- + App Marketplace for third-party and custom apps
- + Separation of frontend and backend for UI flexibility
Integrations
General Ledger systemsCRM via MCPServerData LakesPaymentsReinsurance systemsThird-party apps via App Marketplace
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