Socotra launches AI-driven tool for insurance product development [Yahoo! Finance]
SAMPO OYJ UNSP/ADR (SAXPY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
This new AI tool is said to reduce product development times by up to 50%, costs by 75% and prototype iteration time by 90%. Socotra recently launched the Socotra MCP Server, which facilitates instant integration between the Socotra Insurance Suite and AI tools such as Claude and Cursor. Agentic Configuration builds on the Socotra MCP Server, enhancing product configuration capabilities by leveraging AI within Socotra's platform. According to Socotra, Agentic Configuration aims to simplify the product development process, particularly for non-technical users. It also allows business teams to analyse requirements, configure insurance products and test configurations without relying heavily on technical personnel. This approach addresses common challenges in traditional configuration processes, such as resource intensiveness and reliance on technical expertise. Socotra benchmarking claims to show that the tool can accelerate time-to-market for insurance products, reducing c
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