(Image credit: Michael Brooks Jr.)
Socotra (San Francisco), a cloud-native core platform for insurers, has announced a joint partnership with omni:us, a Berlin-based provider of “intelligent” insurance claims automation. Through the partnership, Socotra and omni:us say they will deliver next-generation capabilities across the entire policy lifecycle to streamline workflows and enhance customer experiences.
Socotra provides modules for underwriting and rating, policy administration, billing, claims, and reporting. Insurer clients can avail themselves of Socotra’s open APIs, cloud-native architecture, and flexible data model to rapidly develop and deploy innovative products and reduce total cost of ownership, the vendor notes.
In response to the growing demand for more efficient claims processing, omni:us has developed a range of products—including an AI-powered decision catalogue and machine learning—to help claims teams close low-complexity, high-volume claims faster, while improving customer satisfaction. By leveraging a no-code integration on Socotra Marketplace, mutual customers can gain instant access to the omni:us product suite without leaving Socotra’s core platform, according to a joint statement.
New Level of Insight and Speed
“We are excited to bring together the technologies of Socotra and omni:us,” comments Martin Micko, Founder and CCO, omni:us. “The combination of Socotra and omni:us represents a winning proposition, bringing a new level of insight and speed that carriers previously only dreamed of. As we seek to broaden the range of customers we serve, we look forward to partnering with Socotra, which has already established its modern core platform with many of today’s insurance carriers.”
“We are pleased to welcome omni:us to Socotra Marketplace,” says Ekine Akuiyibo, VP, Business Development and Deployments, Socotra. “By leveraging an out-of-the-box integration between Socotra and omni:us, our shared customers benefit from reduced implementation complexity, accelerate speed-to-market, and can take advantage of next-generation claims technology directly through our modern core platform.”