The Cloverleaf and Socotra alliance will create a powerful integrated solution to elevate insurance customer relationships and insurer growth.
SAN FRANCISCO, June 5, 2023 /PRNewswire-PRWeb/ -- Cloverleaf Analytics (Cloverleaf), the leading provider of Insurance Intelligence solutions, today announced that it has partnered with Socotra, provider of the industry's leading policy core and end-to-end insurance IT solutions.
The companies are pioneers in their respective technology segments. Socotra is the first cloud-native core platform for insurers, and Cloverleaf broke ground as the first insurance-centric BI platform and evolved to include AI, ML, NLP, and other advanced technologies in its Insurance Intelligence platform. The integration between the two companies will enable insurers and MGAs to benefit from the speed and flexibility of Socotra's Connected Core offering combined with deeper insights regarding growth potential, profitability, customer relationships, and other data insights that Cloverleaf's solution provides."This partnership will deliver value on multiple levels, from technology innovation realized by carriers and MGAs between our platforms along with other partners in the Socotra ecosystem, to new revenue opportunities for both companies," said Michael Schwabrow, EVP of Sales & Marketing for Cloverleaf Analytics.
"Our alliance will empower carriers to inspect what they expect and realize the benefits of integrated intelligent digital insurance solutions faster than many insurance companies thought possible."
Insurers will be able to easily transition from multiple, disparate data (Core) systems serving any P&C line of business to Socotra and utilize the Cloverleaf Insurance Intelligence platform to migrate, consolidate, and validate the data, resulting in advanced self-service analytics. Additionally, MGAs that are members of a Program Carrier will benefit from this partnership by having all their data in one place to easily provide it upstream to their Program Carrier for monthly/quarterly reporting.
"We have a robust partner ecosystem, and Cloverleaf's Insurance Intelligence platform adds another layer to the value of Socotra with a new competitive edge for carriers and MGAs from a growth and profitability perspective as a result of having an unprecedented understanding of insurance data," said Mike Benayoun, Director of Partnerships for Socotra.
The Cloverleaf/Socotra Connector will be completed in early Q3 2023.
About Cloverleaf Analytics (Cloverleaf)
Cloverleaf Analytics is the leader in insurance intelligence solutions, having evolved from Business Intelligence (BI) into providing advanced tools using ML and other emerging technologies to empower carriers to achieve unparalleled growth. Cloverleaf enables carriers in diverse lines of business to create modern products that help insurers remain competitive against new market entrants while redefining what consumers and businesses understand as the meaning of insurance value. For more information, please visit http://www.cloverleafanalytics.com.
About Socotra
Socotra provides a modern core platform for Integration solutions for insurance, bringing unparalleled speed, agility, and efficiency to carriers, insurers, and MGAs. The platform is best known for its advanced cloud-native technology and standardized, public, open APIs that enable clients to innovate quickly and stay competitive in a fast-changing market. This platform is enhanced by the Socotra App MarketPlace, which is an industry breakthrough because it provides instant integration to an expanding community of data and service providers. To learn more, visit https://www.socotra.com/.
Media Contact
Michael Schwabrow, Cloverleaf Analytics, 1 512-361-7173 Ext: 2121, [email protected]
SOURCE Cloverleaf Analytics
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