Tagged: socotra

March 28, 2023 @ 2:17 pm By Omar Faridi  |  

Mendix, a Siemens business and global leader in modern enterprise application development, announced that Socotra, a provider of end-to-end insurance IT solutions, is now a Mendix independent software vendor (ISV). The Mendix ISV Program is “available for partners across all industries to expand their businesses… Read More

March 1, 2023 @ 7:59 pm By Omar Faridi  |  

Socotra announced the launch of Socotra CorePlus, a line of complete insurance IT solutions composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with software and data providers, including Mendix, Snapsheet, and Stripe. Socotra CorePlus is designed to decrease risk and costs, while… Read More

February 22, 2023 @ 8:06 am By Omar Faridi  |  

Socotra announces a major drive into the European insurance markets, with an initial focus on the UK, DACH, France, and others, “following strong growth in 2022, including a 71% revenue increase, a 75% growth in customers, and a 117% YoY increase in policies managed on… Read More

September 30, 2022 @ 4:57 pm By Omar Faridi  |  

CoverTree, an Insurtech MGA based in Michigan, partnered with Socotra, the core platform provider of choice for innovative insurers, “to launch easy and affordable insurance for owners, renters, and landlords of manufactured homes.” With Socotra, CoverTree can now “automate 92% of its applications with straight-through… Read More

August 16, 2022 @ 9:37 am By Omar Faridi  |  

Socotra, the modern core platform provider for innovative insurers, recently announced that twelve established insurance technology providers have joined Socotra App MarketPlace “to publish modern software apps connected to Socotra policy core, making the platform the fastest way for insurers to bring new products and… Read More

August 7, 2022 @ 6:03 pm By Omar Faridi  |  

Socotra, which claims to be the modern Core platform provider for innovative insurers and insurtech MGAs, recently announced positive momentum for the first half of 2022 with 97% revenue growth, 63% team expansion, a new funding round, and an acquisition. Dan Woods, Founder and CEO… Read More

April 13, 2022 @ 4:16 pm By Omar Faridi  |  

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

March 16, 2022 @ 2:25 am By Tony Zerucha  |  

Insurance technology platform Socotra today announced the closing of a $50 million Series C funding round led by Insight Partners. Existing investors 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures also participated in this round, bringing total funds raised to date to $96 million…. Read More

January 17, 2022 @ 7:24 pm By Omar Faridi  |  

Hippo (NYSE: HIPO), the home insurance group that formed a new standard of care and protection for homeowners, recently announced an expansion of the firm’s Commercial Lines homeowners association (HOA) insurance into new markets “following initial positive traction and engagement since its launch in August… Read More

April 12, 2021 @ 1:28 pm By Samantha Hurst  |  

Bamboo Insurance, a U.S.-based insurtech platform, announced on Monday it has partnered with global insurers’ core system Socotra to power its existing insurance offerings and new product lines. Founded in 2018, Bamboo describes itself as a newly formed insurance organization that offers flexible and transparent insurance… Read More

December 31, 2020 @ 4:13 pm By Samantha Hurst  |  

  European insurtech provider TONI Digital recently announced it has teamed up with cloud-native insurance core platform Socotra to launch its new insurance-as-a-service technology platform for the white-label insurance market. According to TONI Digital, the solution enables large corporations to quickly enter the insurance market,… Read More

February 13, 2019 @ 2:02 pm By JD Alois  |  

An extended Series A funding round has seen Insurtech Socotra raise an additional $5.2 Million. Last September, Socotra closed on a $5.5 million funding round. Total funding now stands at $18 million. This newest funding was led by 8VC with Insurers Nationwide and MS&AD Ventures… Read More

September 24, 2018 @ 10:50 am By JD Alois  |  

Socotra has raised $5.5 million in a Series A funding round bringing total raised for to date to $12.8 million for the Insurtech startup. 8VC led the funding round with 8VC founding partner, Joe Lonsdale joining the Socotra board. Previous investors in Socotro include Founders… Read More