Socotra Launches Agentic AI for Insurance Product Setup

Socotra today released Agentic Configuration, a breakthrough capability that empowers insurers to build product configurations within Socotra using AI and natural language. With Agentic Configuration, insurers can reduce product development timelines by 50% and costs by 75%. Prototype iteration time can be reduced by 90%.

The announcement follows the release of Socotra MCP Server to all Socotra customers. MCP Server enables instant integrations between Socotra Insurance Suite and agentic AI tools, such as Claude and Cursor. Agentic Configuration extends this vision by bringing AI to Socotra’s industry-leading product configuration.

Socotra is the only insurance core technology that can deploy and always deploys without customization. Socotra achieves this through unmatched configuration flexibility, featuring an advanced data model, product inheritance, open APIs, and fully published documentation. These features allow insurers to launch any insurance product for any geography or distribution channel and scale to support thousands of products and variations.

Agentic Configuration builds on this foundation, making it even easier for business teams to leverage that flexibility through conversational AI. With Agentic Configuration, non-technical users can:

• Analyze business requirements for an insurance product
• Configure any insurance product using Socotra best practices
• Validate and deploy configurations into a testing environment

Why It Matters for Insurers

Traditional configuration is resource-intensive, slowing product launches and creating bottlenecks around scarce technical talent. Agentic Configuration solves these challenges by:

• Accelerating time-to-market: Socotra benchmarking shows insurers can cut configuration and testing timelines by 50% from two months to four weeks and costs by 75%. Prototype iteration time can be reduced by 90%.
• Democratizing product development: Business users can turn business requirements into testable product configurations without relying on technical resources.
• Enabling rapid innovation: Insurers can quickly prototype, iterate, and test products. Combined with Socotra’s high performance and open APIs, insurers can then model the impact of these new pilot products across their book of business.
• Promoting AI literacy: Business users gain hands-on experience with conversational AI building confidence and skills that can be applied to broader AI initiatives.

“Insurance companies are under immense pressure to innovate quickly while facing a shortage of technical talent,” said Ekine Akuiyibo, Chief Operating Officer at Socotra. “With Agentic Configuration, insurers can move from product concept to testable configuration in weeks instead of months. This capability democratizes product development, promotes AI literacy, and unlocks the creativity of business teams without sacrificing accuracy or governance.”

Availability

Agentic Configuration is now available to all Socotra customers and select partners. Insurers interested in using Agentic Configuration should contact their Socotra representative to learn more.

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Source – businesswire