Mendix, a global leader in enterprise application development and a Siemens business, has announced its partnership with Socotra, a provider of end-to-end insurance IT solutions. Through the Mendix Independent Software Vendor (ISV) program, Socotra aims to leverage the power of the Mendix low-code platform to create industry-focused solutions for the insurance sector.
The Mendix ISV Program allows partners from various industries to expand their businesses, monetize their domain expertise, and develop unique customer-centric solutions. With an extensive range of benefits, the program enables partners to successfully create, market, sell, and deploy software solutions built on the Mendix low-code platform.
As a Mendix ISV, Socotra brings its industry knowledge to build innovative solutions for insurance businesses. Jethro Borsje, chief ecosystem solutions officer at Mendix, explains how the program provides a crucial link between the needs and pain points of different industries and the technical capabilities of the Mendix platform. This partnership will enable Socotra to rapidly deliver flexible and easily customizable solutions to insurers.
CEO of Socotra, Dan Woods, emphasizes the company's mission to revolutionize the insurance industry by moving away from rigid, fragile technologies of the past. He describes Socotra Connected Core as the backbone of managing an insurance business and highlights how the CorePlus™ offering, developed using Mendix technology, extends its capabilities even further through solutions like the Underwriting Workbench and Distribution Management.
By utilizing Mendix's low-code platform, Socotra advances digitalization in the insurance industry. The company's end-to-end solution, Socotra CorePlus, integrates seamlessly with the Connected Core and offers insurers the flexibility and speed needed to stay competitive in today's fast-paced market.
With the CorePlus Underwriting Workbench and Distribution Management solutions built on Mendix technology, insurers can quickly tailor off-the-shelf components to their unique requirements. These solutions address the challenges faced by many insurers, such as fragmented and inefficient processes, multiple data silos, slow and cumbersome information retrieval, and difficulty in tracking performance.
To learn more about Socotra's Underwriting Workbench and Distribution Management solutions, attend Socotra's Connected PlatForum event on March 28, 2023. Additionally, meet Nick Gigengack from Mendix at the InsurTech NY Spring Conference on March 29-30, 2023, to learn more about the ISV program.
For information on the Mendix platform, pricing, and availability, visit Mendix's website. Connect with Mendix on Twitter and LinkedIn to stay updated with their latest news and developments.
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