PriyaPatel
TLDR:
Jetty, an innovative renters insurance carrier, successfully migrated its products to Socotra’s cloud-native platform in less than 12 months. The new platform allows Jetty to have easier access to data, move faster as a business, and support digital experiences. The results have been significant, with processes being four times faster and financial reporting virtually instantaneous. Socotra’s flexible configuration and expansive APIs have helped Jetty meet its specific product needs without sacrificing engineering simplicity.
Key Elements:
- Jetty successfully migrates renters insurance products to Socotra’s cloud-native platform in under 12 months.
- Speed and efficiency improvements seen in policy bind process and financial reporting after adopting Socotra.
- Socotra’s flexible configuration and expansive APIs have helped Jetty meet its specific product needs without sacrificing engineering simplicity.
- Jetty now enjoys an exceptionally stable core system with zero business interruptions, allowing for scaling of their book of business.
Leading insurance core technology provider Socotra announced that Jetty, a financial services company focused on making renting a home more affordable, has successfully migrated its renters insurance products to Socotra’s cloud-native platform in less than 12 months. Jetty was seeking a solution that would provide easier access to data, enable faster business operations, and support digital experiences. By choosing Socotra, Jetty was able to improve its policy bind process by four times, make financial reporting virtually instantaneous, and scale its book of business. Socotra’s flexible configuration and expansive APIs have allowed Jetty to meet its specific product needs without complicating engineering processes. This successful collaboration has showcased the benefits of using a modern policy administration system like Socotra.
