PriyaPatel
TLDR: Key Points
- Jetty partners with Socotra to enhance renters insurance and surety services
- Jetty successfully migrates Jetty Deposit and Jetty Protect to Socotra’s platform
Article Summary
Jetty, a financial services company focused on making home renting more affordable and accessible, has partnered with Socotra to enhance its insurance operations. The partnership has enabled Jetty to migrate two key products, Jetty Deposit (a surety solution) and Jetty Protect (a renters insurance product), to Socotra’s cloud-native platform. This move has significantly improved the speed and reliability of Jetty’s policy binding process, making it four times faster and enabling near-instantaneous financial reporting.
Socotra’s platform offers Jetty a stable core system that allows for aggressive business scaling without sacrificing operational stability. The company needed a system that could integrate seamlessly with external systems, provide native API support, and enhance digital experiences—qualities found in Socotra. By leveraging Socotra’s expansive APIs and flexible configuration, Jetty has been able to meet specific product needs without compromising engineering simplicity.
This partnership with Socotra has not only streamlined Jetty’s operational processes but also improved data integrity, traceability, and underwriting analysis. The platform has allowed Jetty to meet reporting requirements efficiently and utilize policy data more effectively. The collaboration between Jetty and Socotra is a testament to the power of innovative technology in revolutionizing the insurance industry.
