SAN FRANCISCO--(BUSINESS WIRE)--Socotra, the leading provider of modern, cloud-native technology for insurers worldwide, announced today the appointment of Greg Murphy as Head of Global Partnerships. In this pivotal role, he will spearhead the development and expansion of strategic alliances with technology providers and system integrators.
Murphy brings over 30 years of experience in the technology and financial services industries, most recently as CEO and Principal Consultant of GRAAM Consulting Group, and previously as CEO of Instanda North America.
“Insurers have been struggling with legacy monolith technology for the last two decades. As they transform their businesses and modernize their tech stacks to meet current consumer expectations, they need a powerful core platform that can easily connect to the growing ecosystem of specialized insurance capabilities,” said Murphy. “Socotra delivers the most powerful and flexible policy and billing technology in the insurance industry. I am thrilled to join Socotra, and I look forward to leveraging my industry experience to help expand strategic partnerships that deliver value to our clients.”
Murphy’s experience includes strategic planning for insurance carriers and insurtechs, leading organizations through complex change, developing strategies for diverse market needs, and implementing technology solutions that enhance operational efficiency and customer experience. He was previously Vice President of Business Transformation and IT strategy at W.R. Berkley Corporation, where he successfully led business transformation programs across 50+ Berkley family companies. One of those Berkley family companies, Berkeley Asset Protection, leverages Socotra Policy to power its personal jewelry insurance product. Murphy also held leadership roles at Voya Financial, Ameriprise Financial, Thrivent Financial, and Oracle.
“Greg Murphy, throughout his long career in insurance and technology, has shown a deep understanding of the business and customer needs that drive technological innovation,” said Dan Woods, CEO of Socotra. “As Socotra continues to empower insurers to drive profitable growth with modern technology, we welcome Murphy’s deep expertise, proven leadership, and strategic vision to our team. We are confident that he will build even stronger relationships with our robust ecosystem of system integrators and technology companies that enhance our offerings and create even more value for our clients and partners.”
About Socotra
Over 40 insurers worldwide trust Socotra Policy and Billing 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. Learn more at socotra.com.
