OverviewSuggest Edit

Socotra is a company developing software insurance solutions. It offers a cloud-native core platform that delivers underwriting, policy administration, claims, billing, and reporting capabilities.
TypePrivate
Founded2014
HQSan Francisco, CA, US
Websitesocotra.com
Employee Ratings4.7

Latest Updates

Employees (est.) (Jun 2021)109(+5%)
Cybersecurity ratingAMore

Key People/Management at Socotra

Dan Woods

Dan Woods

Founder and CEO
Heidi Friedrikson

Heidi Friedrikson

Director of Operations
Ekine Akuiyibo

Ekine Akuiyibo

VP of Business Development and Deployments
Matt Hamilton

Matt Hamilton

Director of Product
Harsh Shah

Harsh Shah

Director
Ken Holmes

Ken Holmes

VP of Sales
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Socotra Office Locations

Socotra has an office in San Francisco
San Francisco, CA, US (HQ)
33 New Montgomery St, San Francisco
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Socotra Financials and Metrics

Summary Metrics

Founding Date

2014

Socotra total Funding

$27.9 m

Socotra latest funding size

$15.2 m

Time since last funding

a year ago

Socotra investors

Socotra's latest funding round in January 2020 was reported to be $15.2 m. In total, Socotra has raised $27.9 m
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Socotra Operating Metrics

Jun, 2020

Products

5

Services Provided

10
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Socotra Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Socotra Online and Social Media Presence

Embed Graph

Socotra News and Updates

Sigo Selects Socotra as Core Platform to Launch New Personal Auto Product

Sigo leverages Socotra’s modern cloud-native platform to provide underinsured communities with easier, more transparent access to reliable policies Sigo leverages Socotra’s modern cloud-native platform to provide underinsured communities with easier, more transparent access to reliable policies

Socotra Chosen as “Leading Contender” in U.S. P&C Core Systems Evaluation Report by Aite Group

Aite Group Report Gives Socotra Highest Marks for Product Performance Aite Group Report Gives Socotra Highest Marks for Product Performance

Saudi Development and Reconstruction Program for Yemen lanceert energie- en waterprojecten in Socotra

SOCOTRA, Jemen, 12 juni 2020 /PRNewswire/ -- Het Saudi Development and Reconstruction Program for Yemen (SDRPY) heeft in het Socotra Gouvernement een pakket ontwikkelingsprojecten gelanceerd voor de activering en exploitatie van de twee energiecentrales in Hadibu en Qulansiyah, alsmede...

Le programme saoudien de développement et de reconstruction pour le Yémen lance plusieurs projets à Socotra dans les secteurs de l'énergie et de l'eau

SOCOTRA, Yémen, 12 juin 2020 /PRNewswire/ -- Le programme saoudien de développement et de reconstruction pour le Yémen (Saudi Development and Reconstruction Program for Yemen – SDRPY) a lancé un ensemble de projets de développement dans le gouvernorat de Socotra relatifs à l'activation et...

SDRPY Provides Jobs to 300 Socotra Fishermen

SOCOTRA, Yemen, April 13, 2020 /PRNewswire/ -- In completion of a project to provide 100 boats to fishermen affected by hurricanes and tropical conditions, the Saudi Development and Reconstruction Program for Yemen (SDRPY) is distributing the second installment of fishing boats with...

Des projets saoudiens dans des secteurs vitaux font avancer le développement de Socotra

SOCOTRA, Yémen, 30 janvier 2020 /PRNewswire/ -- Le Programme saoudien de développement et de reconstruction du Yémen (SDRPY) met actuellement en œuvre une série de projets essentiels dans l'archipel yéménite de Socotra dans divers secteurs, notamment l'eau, l'énergie, la santé, les...
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Socotra Blogs

The data model difference: how Socotra’s superpower helps insurers adapt at the speed of change

The post The data model difference: how Socotra’s superpower helps insurers adapt at the speed of change appeared first on Socotra.

[On-demand webinar] The 10-week tech stack: How API-based platforms can help insurers rapidly spin up new products and reduce costs

“Insurers are trying to solve a difficult problem. But they have a monster in the basement: their legacy tech stack,” said Socotra CEO Dan Woods. The insurance industry is currently undergoing a massive digital transformation. Insurers are investing lots of time and money into modernizing their serv…

The five traps to avoid when selecting an insurance core system

Developing innovative insurance products to meet evolving customer demands takes a lot of work. So when it comes to selecting a technology partner to support those products, you shouldn’t have to settle for outdated software, siloed data, costly upgrades, and rigid deployment approaches. To protect …

Socotra appoints Randi Simmons as Head of Strategic Partnerships

We are excited to announce that Randi Simmons has joined Socotra as Head of Strategic Partnerships. She will be responsible for leading our global partner ecosystem and cultivating relationships with system integrators and third-party technology providers. In this role, Randi will help expand the So…

How a top-3 insurance company launched a new insurance platform with Socotra in six months

The post How a top-3 insurance company launched a new insurance platform with Socotra in six months appeared first on Socotra.

Socotra U: Scaling our partner ecosystem for seamless implementations around the world

Congratulations to the newest class of Socotra U, our virtual cross-partner training program! Just last month, 25 developers from Pyramid Consulting, NeST Group, Radity, and ExpandTheRoom became certified to scope and deploy the Socotra platform to launch any insurance product, in any currency and l…
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Socotra Frequently Asked Questions

  • When was Socotra founded?

    Socotra was founded in 2014.

  • Who are Socotra key executives?

    Socotra's key executives are Dan Woods, Heidi Friedrikson and Ekine Akuiyibo.

  • How many employees does Socotra have?

    Socotra has 109 employees.

  • Who are Socotra competitors?

    Competitors of Socotra include FINEOS, EIS Group and Vertafore.

  • Where is Socotra headquarters?

    Socotra headquarters is located at 33 New Montgomery St, San Francisco, San Francisco.

  • Where are Socotra offices?

    Socotra has an office in San Francisco.

  • How many offices does Socotra have?

    Socotra has 1 office.