(Matt Hamilton. Source: Socotra.)
Socotra, a San Francisco-based provider of cloud-based core systems to the insurance industry, has named Matt Hamilton Director of Product. Hamilton will be responsible for conceptualizing, designing, and implementing the next wave of product capabilities for the firm. Founded in 2014, Socotra’s customers include leading insurance companies such as AXA, IAG, Mutual of Omaha, and Nationwide.
“As a dedicated technology professional in the insurance industry, I saw how insurers with legacy platforms were struggling to move into the cloud,” comments Hamilton. “After learning about Socotra and meeting their team of forward-thinking, dedicated experts, I knew this was a company I wanted to be a part of. Socotra’s sophisticated yet accessible technology has great potential to be the core system of choice for insurers everywhere, and I’m proud to be a part of this new era of acceleration in the insurance industry.”
Hamilton joins Socotra from Guidewire, where he spent ten years building and leading product teams and was responsible for multiple product lines and technical initiatives. Hamilton has experience across the insurance policy lifecycle including underwriting, policy management, claims, billing, and analytics. As the director of product management, he led a 30-person team through four major release cycles over eight years.
Depth of Understanding
“I’m thrilled to work with people like Matt, who understand and believe in our platform and our vision for the future of insurance technology,” comments Dan Woods, CEO of Socotra. “Matt’s experience with legacy insurance technology provides Socotra with a great depth of understanding around why insurers have struggled with technology in the past. We’re excited to couple his product experience with an engineering team that has already solved most technology problems facing insurers today. Great things lie ahead for Socotra’s customers.”