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Cloverleaf Analytics, an Austin, Texas-based provider of insurance-specific enterprise business intelligence (BI) software, has forged a partnership with Socotra, a provider of core insurance technology.
Michael Schwabrow, EVP, Sales & Marketing, Cloverleaf Analytics.
Integration of the two companies’ technology will enable insurers and MGAs to benefit from the speed and flexibility of Socotra’s Connected Core offering combined with deeper insights regarding growth potential, profitability, customer relationships, and other data insights that Cloverleaf’s solution provides, according to a Cloverleaf statement.
“This partnership will deliver value on multiple levels, from technology innovation realized by carriers and MGAs between our platforms along with other partners in the Socotra ecosystem, to new revenue opportunities for both companies,” comments Michael Schwabrow, EVP, Sales & Marketing, Cloverleaf Analytics. “Our alliance will empower carriers to inspect what they expect and realize the benefits of integrated intelligent digital insurance solutions faster than many insurance companies thought possible.”
Advanced Self-Service Analytics
Mike Benayoun, Director of Partnerships, Socotra.
Insurers will be able to easily transition from multiple, disparate systems serving any property/casualty line of business to Socotra and utilize the Cloverleaf Insurance Intelligence platform to migrate, consolidate, and validate the data, resulting in advanced self-service analytics, Cloverleaf says. Additionally, MGAs that are members of a program carrier will benefit from this partnership by having all their data in one place to easily provide it upstream to their program carrier for monthly/quarterly reporting, the vendor adds.
“We have a robust partner ecosystem, and Cloverleaf’s Insurance Intelligence platform adds another layer to the value of Socotra with a new competitive edge for carriers and MGAs from a growth and profitability perspective as a result of having an unprecedented understanding of insurance data,” comments Mike Benayoun, Director of Partnerships, Socotra.
The Cloverleaf/Socotra Connector will be completed in early Q3 2023, according to the Cloverleaf statement.
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