Socotra, a leader in insurance policy and billing technology, has launched its Model Context Protocol (MCP) Server, the most mature MCP server in the insurance industry. This new offering enables insurers to quickly and securely connect agentic AI to the Socotra Insurance Suite, streamlining automation for complex insurance workflows. Available immediately, the MCP Server includes 10-minute step-by-step instructions for integration with popular AI platforms like Claude, Cursor, and Visual Studio Code.
Gartner forecasts that AI software spending in the insurance industry will reach $15.9 billion by 2027, with a five-year CAGR of 18.2%. However, many insurers struggle to integrate AI agents with legacy core systems not designed for AI connectivity. Socotra’s MCP Server addresses this by leveraging the Model Context Protocol (MCP), introduced by Anthropic in 2024, which provides a universal, standards-based interface for AI agents to interact with enterprise systems. This aligns with offerings from major software providers like Salesforce and Snowflake, positioning Socotra as a leader in AI-ready insurance technology.
“Every component of Socotra was built from the beginning for AI connectivity,” said Sonny Patel, Chief Product and Technology Officer at Socotra. “We’re excited that enterprise software has standardized around a protocol that fits so naturally into our API-driven design. Socotra MCP Server simplifies deployment of agentic AI, so that insurers can increase productivity, reduce expenses, improve loss ratios, and offer their customers the very best products and support.”
Socotra MCP Server is purpose-built for the insurance industry, offering several critical advantages:
The MCP Server is fully documented and available to all Socotra customers and select partners across all insurance lines and geographic markets, ensuring broad applicability.
As the MCP standard evolves, Socotra will continue to enhance its server capabilities to keep insurers at the forefront of AI innovation. The platform’s design ensures seamless integration with existing systems, enabling insurers to reduce operational costs, improve loss ratios, and deliver superior customer experiences through AI-driven automation.
The launch of Socotra MCP Server marks a significant step in modernizing insurance core systems, empowering carriers to harness agentic AI securely and efficiently while maintaining flexibility in a rapidly advancing technological landscape.
Socotra is the most powerful policy and billing technology in the insurance industry. More than 40 insurers worldwide trust Socotra to deliver the fastest product launches and updates, unrivaled data access and control, and the best support for insurance at massive scale—all for the lowest total cost of ownership. With true cloud and open APIs, Socotra is the most mature insurance core platform on the market.
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