Socotra Introduces MCP Server for Swift, Reliable Agentic AI Integrations
In a significant move, Socotra, a leading insurance technology provider, has launched its Model Context Protocol (MCP) Server. This innovative offering is designed to bridge the gap between insurers and AI agents, streamlining insurance workflows and unlocking the benefits of AI for those struggling to integrate AI agents with core systems not designed for AI connectivity.
The Socotra MCP Server is a universal, standards-based interface, first introduced by Anthropic in 2024, that allows AI agents to interact with enterprise systems in a structured and auditable way. This interface has become a standard offering of enterprise software giants, including Salesforce, Snowflake, Atlassian, Hubspot, and many more.
Socotra's MCP Server is now available to customers and comes with instructions for connecting to popular AI platforms like Claude, Cursor, and Visual Studio Code. Sonny Patel, Chief Product and Technology Officer at Socotra, stated that every component of Socotra was built for AI connectivity.
The Socotra MCP Server simplifies the deployment of agentic AI, aiming to increase productivity, reduce expenses, improve loss ratios, and offer better products and support to customers. Its seamless integration into Socotra's API-driven design is due to the industry standardization around the MCP protocol.
Gartner forecasts that AI software spending in the insurance industry will reach $15.9 billion by 2027, with a five-year Compound Annual Growth Rate (CAGR) of 18.2%. As the insurance industry continues to embrace AI, Socotra's MCP Server is poised to play a crucial role.
While specific companies supporting Socotra MCP Servers as part of their software offerings are not publicly disclosed, it is known that they include Insurtech firms and insurance carriers. As more companies adopt this technology, the potential for increased efficiency and innovation in the insurance sector is immense.
With the Socotra MCP Server, insurers can connect agentic AI to the Socotra Insurance Suite, automating insurance workflows and moving one step closer to a future where AI is an integral part of the insurance industry.
