Case Study: Leading InsurTech Providing Insurance-as-a-Service Platform achieves rapid European expansion and $200M GWP potential with Socotra

How Socotra Positioned a European Insurtech for International Development

Leading InsurTech Providing Company, a Zurich-based provider of an insurance-as-a-service platform that helps non-insurance companies launch white‑label P&C products, faced a blocked European expansion because its home‑grown technology couldn’t scale. The company — already managing $12M GWP — needed an affordable, configurable core platform and rapid time-to-market; it selected Socotra’s modern core platform to meet those needs.

Socotra delivered instant access to a fully functional, cloud‑native core with open APIs and multi‑tenant continuous upgrades, enabling the insurtech to build and launch products three times faster (most in 4–8 weeks). The implementation cut typical timelines by three to four years, saved about $500K on implementation, and avoids $750K–$1M in upgrade/maintenance every four years; it also reduced call‑center volume and positions the company to grow GWP from $12M to an expected $200M in two years.