Socotra has launched Agentic Configuration, a new capability designed to empower insurers to build product configurations within the Socotra platform using artificial intelligence and natural language, aiming to significantly reduce product development timelines and costs.
Socotra’s Agentic Configuration is designed to allow insurers to reduce product development timelines by 50% and costs by 75%, with prototype iteration time potentially decreasing by 90%. This announcement follows the release of Socotra MCP Server, which provides instant integrations between Socotra Insurance Suite and agentic AI tools such as Claude and Cursor. Agentic Configuration extends this functionality by integrating AI directly into Socotra’s product configuration process.
Socotra is a provider of insurance core technology that aims to deploy without customization. Its platform features an advanced data model, product inheritance, open APIs, and fully published documentation, offering configuration flexibility. These capabilities enable insurers to launch various insurance products across different geographies and distribution channels, scaling to support thousands of products and variations. Agentic Configuration builds on this foundation, enhancing accessibility for business teams through conversational AI.
With Agentic Configuration, non-technical users can analyze business requirements for an insurance product, configure products following Socotra best practices, and validate and deploy these configurations into a testing environment.
The company states that traditional configuration methods are resource-intensive, leading to slower product launches and reliance on limited technical talent. Agentic Configuration addresses these challenges by aiming to accelerate time-to-market. Socotra’s benchmarking indicates insurers can cut configuration and testing timelines by 50%, from two months to four weeks, and reduce associated costs by 75%. Prototype iteration time is projected to decrease by 90%.
The new capability also seeks to democratize product development, allowing business users to translate business requirements into testable product configurations without extensive technical support. This is intended to enable rapid innovation, allowing insurers to quickly prototype, iterate, and test products. When combined with Socotra’s performance and open APIs, insurers can then model the impact of new pilot products across their book of business. Additionally, the platform aims to promote AI literacy by providing business users with hands-on experience in conversational AI, building skills applicable to broader AI initiatives.
Ekine Akuiyibo, Chief Operating Officer at Socotra, commented on the release, stating, “Insurance companies are under immense pressure to innovate quickly while facing a shortage of technical talent. 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.”
Agentic Configuration is currently available to all Socotra customers and select partners.
