Fulcrum Digital partners with Socotra to provide Insurers with digital transformation solutions powered by Advanced Policy Core

New Jersey, US, 9 June, 2022

Fulcrum Digital, a leading business platform and digital engineering company, has announced a partnership with Socotra, platform of choice for innovative insurers. The partnership will enable customers to leverage Fulcrum Digital’s platform solutions and domain expertise with Socotra’s modern core capabilities.

Fulcrum Digital is a recognized technology partner for insurance and financial organizations. The company empowers customers to make the shift to digital faster, enhance customer experience, and modernize insurance operations with its integrated suite of platform solutions, business services, and business accelerator low-code platform, FulcrumOne.

Socotra is the modern core platform built on true cloud, open APIs, and off-the-shelf capabilities powering the end-to-end policy lifecycle from quote to claim. With Socotra, insurers of all sizes can drive innovation and unlock new markets by rapidly launching nearly any insurance product for any distribution channel or geography—all with minimal effort and expense.

Through the partnership customers can build personalized insurance solutions and integrate them with Socotra’s advanced policy core, enabling them to:

  • Reduce total cost of ownership
  • Accelerate product development
  • Provide digital-first experiences for customers
  • Leverage data and insights throughout the entire customer lifecycle
Kalyanaraman Gopalakrishnan

“As a leading business platform and digital engineering company, we always look to develop intelligent solutions for our clients and their customers with a relentless focus on speed-to-market”

“We are excited to partner with Socotra and as a combined team, we will enable an integrated, end-to-end insurance platform and services that will help us deliver more value to the market.”

Kalyanaraman Gopalakrishnan, VP of Insurance Practice at Fulcrum Digital.

Ekine Akuiyibo

“Fulcrum Digital is a welcome addition to the Socotra community”

“Our well-documented APIs and partner-first ecosystem enable insurers to go live quickly with a Socotra certified trusted advisor. With Fulcrum Digital’s impressive track record of successful implementations and industry expertise, we are confident that our joint customers can achieve rapid and seamless deployments.”

Ekine Akuiyibo, VP of Business Development and Deployments at Socotra.

About Fulcrum Digital:

Fulcrum Digital is a leading business platform and digital engineering company. We partner with global companies from diverse industries: financial services, insurance, higher education, consumer products, foodservices and e-commerce. With expertise in digital transformation, machine learning and emerging technologies, we offer a consulting-led, integrated suite of enterprise-grade software solutions.

About Socotra:

Socotra is bringing unparalleled speed and ease to insurance technology. With Socotra’s modern core platform, global insurers and insurtech MGAs can accelerate product development, reduce maintenance costs, and improve customer experiences. Socotra provides open APIs, a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable. To learn more, visit socotra.com.

For more information contact:

Anuradda Banerjii: anuradda.banerjii@fulcrumdigital.com