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