The portal reduces the need for paper applications and the manually input of customer data into web portals. Agents can collaborate with customers through shared online applications and insurers can automate data capture and analytics. The cloud-native platform also promises to help insurers more quickly deploy new products.

Avolanta was founded in 2018 by insurtech entrepreneur, Chuck Wilson, and insurance veteran, Gavin Dean.

As part of the acquisition, the Avolanta team will join Socotra and Avolanta’s technology will become Socotra Unified Portal.

Socotra provides a complete front-to-back platform for insurance.