businesswire

Insurance Technology Provider Socotra Targets European Expansion for Its Global Growth Strategy

Socotra’s move is driven by accelerated demand for its API-driven, cloud-first technology, which increases insurers’ speed-to-market at lower cost LONDON--(BUSINESS WIRE)--Socotra today 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 its SaaS platform. Socotra sees a great need in these…