How Socotra Positioned a European Insurtech for International Development

In order to expand its operations, this leading European insurtech was looking for a flexible and cost-effective backend system that would enable it to quickly create multi-risk home and borrower insurance solutions for customers. The insurtech identified a lucrative opportunity to expand throughout Europe, with projected growth of $200 to $400 million.

Discover how Socotra helped this insurtech achieve:

  • Reduced implementation timeline by three to four years and $500k in implementation cost savings.
  • $750,000 to $1 million in maintenance and upgrade cost savings (every four years)
  • Projected growth of $200 million in two years