Nexilis welcomes Socorro Morales to its Executive Leadership Team

Nexilis, a Delaware-based AI driven, Insurance as a Service platform, is pleased to announce today Socorro Morales has joined its’ Executive Leadership Team as Executive Vice President. She joins the Company’s co-founders, Thad DeBerry and Emanuell James, who are seasoned Executives and serial entrepreneurs, to help lead Nexilis.

Morales will spearhead the development of the Nexilis next-generation InsurTech platform, leading its highly strategic and technical build, in addition to managing several customer facing initiatives. She is an accomplished insurance executive with more than thirty years of experience and success in the insurance industry. Morales began her career at AIG, spending nineteen years both on the domestic and international side of AIG in various management information roles for both the commercial and consumer verticals. As the Global Operations and System Executive at AIG/AIU, she managed the operations and technology stack for several product lines interacting with various distribution channels in over sixty countries. Morales also worked closely with the organization and senior executives to transform the division from a silo-ed profit center business to a customer centric organization by rationalizing both the operational and technological aspects of the existing organization.

After AIG, Morales went on to pursue a string of executive accomplishments. She became CIO Vice President of GAN North America, an insurance startup for French insurance company Gan Assurance. She implemented insurance business model which included an integrated policy administration platform for admitted and non admitted commercial business along with IT infrastructure and compliance regulatory oversight and governance. GAN was later acquired by Groupama. At Gerling Reinsurance Company of America (GGRCA), she was Senior Vice President -Director of IT where she integrated the acquisition of the new reinsurance company and evolved their business model in North America, including serving as the SME with msg systems for the SAP reinsurance module.

After GGRCA, she served as SVP of Program Operations for LIU at Liberty Mutual. In that role she implemented & integrated the Program Business Operating Model for a multi-product program book. Morales focused on all operational aspects of the business, implementation included due diligence process, onboarding procedures, data quality and interfaces, governance, and the day-to-day management of the business with special focus on profitability.

From Liberty Mutual she moved to become SVP of Operations for Program Business at SCOR reinsurance company where she closely partnered with the business leaders to integrate the program business vertical into the SCOR reinsurance footprint. The Target Operating Model (TOM) aligned the organization around speed–to-market, efficiency, consistency and service and fostered ownership of the individual processes across the organization involving key parties such as legal, compliance, underwriting, finance, claims, actuarial and marketing. The TOM also included the design and implementation of a propriety program business platform for the administration and the integration of the business model at SCOR. Immediately prior to joining Nexilis, Morales was the Global Head of Program Management at Transverse Insurance Group where she briefly worked on the MGA business model implementation and due diligence process for the onboarding of new business and data integration. Morales has an BBA in Management Information Systems (MIS) with a minor in International Business, Latin honors from Pace University. Additionally, she holds a Certificate in Computer Programming and a Diploma in Systems Analysis from NYU. She is also fluent in Spanish.

“Socorro is a seasoned, accomplished insurance technology professional that adds tremendous value to the Nexilis team," said Thad DeBerry, Co-founder and CEO of Nexilis. “We are delighted she has joined the organization as Nexilis builds the next generation P&C technology platform, helping insurance companies future proof their organization’s technological environments.” "I am so excited to bring together all my years of experience and to work with my longtime colleagues to create the insurance platform of the future,” said Morales. “Remember it's not work when you are doing what you love!"

About Nexilis

Nexilis is a Delaware based LLC Insurtech company, with a highly configurable Insurance as a service platform that enables Insurers and MGAs to quickly integrate complex technologies and data delivering outstanding customer experiences. Their accomplished leadership team of Insurance and Technology experts have used their combined 100+ years of experience in Insurance to innovate and deliver this truly unique, AI driven cloud platform specifically for the insurance market.

Nexilis offers a configurable, AI driven, insurance platform and services that manage all underwriting and product distribution needs for P&C Insurers. The innovative technology enables insurers and MGAs to quickly launch new and existing products integrated with emerging technologies such as IoT devices, 3rd party data sources, and the latest insurtech capabilities to create world class customer experiences. Insurers and MGAs can utilize the Nexilis platform to streamline their underwriting process to the point of straight through processing, create new distribution models, and enter new markets by applying AI to third party and internal data.

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Nexilis is uniquely positioned as an insurtech solutions and services provider to Insurers, Insurance distributers and emerging tech companies.

Nexilis interweaves these relationships to present friction free digital and innovative practices, utilizing emerging technology solutions for a fraction of the current costs.

411 Route 17 South, # 310,
Hasbrouck Heights,
New Jersey, NJ 07604

917 855 2233

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