Socotra partners with Fenris to advance insurance ecosystem

Fenris Digital, an insurance data sourcing innovator providing a suite of API-delivered, SOC 2 compliant products, has partnered with insurance platform Socotra.

Socotra has integrated with Fenris’ Personal Lines Prefill Data Solution, which will be available to insurer clients through Socotra Marketplace. As a charter partner for Socotra Marketplace, Fenris said it will work with Socotra to advance digital transformation and innovation within the insurance ecosystem.

This partnership, Fenris said, combines its API-delivered, SOC 2-compliant solutions, which leverage APIs to provide instant insights through alternative data and machine learning (ML), with Socotra’s cloud-native architecture to “empower insurers to rapidly launch, integrate, and scale innovative products—such as embedded and usage-based insurance—with minimal effort and costs.”

Jennifer Linton, founder and CEO of Fenris, said, “By providing prefill data for personal lines insurance applications, we not only eliminate any errors which could be introduced during manual entry by potential policyholders or agents, we also improve the customer experience.

“Our integration with Socotra means better, more proactive intelligence injected into workflows for insurers. We look forward to working with Socotra on new and innovative ways of making technology and data work better together for the benefit of the entire industry.”

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