Win-win insurance
is when you get:
— instant claim payment
— fair and transparent-dealing
— friendly prices
Socratus is
Сomplex of front-end & back-end solutions together with insurance companies, financial institutions
and data providers
We create
Digital platform with instant claim payment products
for insurance companies (white label) for insurance companies

Fully digital insurance company for consumers
Automated Socratus
replaces standard manual
claiming procedures:
Takes decisions to pay or not to pay
Calculates the amount of claim
Executes the payment
For consumers
  • Instant claim payment
  • Lower premiums
  • No need to collect a bulk of documents
  • No annoying personal communication
    with Insurance company
For insurance companies

  • Operating expenses
  • Claims management
  • Product developmet

    • Data analytics
    • New insurance products
    • New customer segments penetration
    Saving costs:
        Developing business:
        Benefits
        Lower expenses from 15% to 25%
        on claims handling and operational expenses

        Claim payment in one click
        Buying
        Policy
        The fact
        of accident
        Collecting documents
        Applying documents
        Receiving documents
        Analyzing of the documents
        Verification of the documents
        Request additional docs
        Applying additional docs
        Sending for payment
        Payment
        Insurance without Socratus
        Insurance without Socratus
        Collecting documents
        The fact
        of accident
        Buying
        Policy
        Insurance company does not waste time and money for claims handling
        Insurance сompany
        Insurant
        Benefits
        For consumers
        • Instant claim payment
        • Lower premiums
        • No need to collect a bulk of documents
        • No annoying personal communication
          with Insurance company
        For insurance companies
        Saving costs:
        • Operating expenses
        • Claims management
        • Product development

        Developing business:

        • Data analytics
        • New insurance products
        • New customer segments penetration
        E-commerce
        Property
        Flight delay
        Logistic
        Weather
        Motor- owned Damage
        Life-style digital insurance products
        Cyber Insurance
        Personal accident
        Payment protection
        Insurance
        Other
        How it works
        Socratus instant claim payments
        1
        Customer buys Policy
        in Insurance company
        or its agents. Smart
        contract starts to work.
        2
        With the first Policy
        customer gets login
        and password to access
        his profile where he get
        change information
        if necessary.
        3
        In case of accident
        customer inform about
        it insurance company
        thoughts its web site
        or application.
        4
        Smart-contract gives
        the signal to Oracle
        to check the accident.
        Oracles turns to
        verified data provider.
        5
        In case of confirmation
        of the accident smart-
        contract sends the
        signal to the platform
        to send money.
        6
        Smart-contract fixes
        the payment. Smart-
        contract is closed.
        Win-win insurance powered
        by Smart-contracts & Socratus Oracles
        • No more solo human decisions to pay or not to pay
        • No more lingering manual claims handling procedures
        SMART-CONTRACT
        is a program code that replaces standard agreement, issues and executes insurance policy in blockchain


        ORACLE
        is a program code, that sends verified data to the smart-contract upon accident


        Any insurance company can connect the platform
        to become the part of Insurance Digital Ecosystem
        The platform combines into ecosystem:
        - insurance company, its agents and customers
        - automated block for the verification of the facts of the accidents
        - block for instant claim payment
        You can leave an application to join your Insurance company already today
        Feel free to write, call and visit us. We really love to communicate with our clients.
        New York, Loft Pie, 22 Pink Street
        Phone: +1 123 456 78 90
        E-mail: hello@madeontilda.com