back Back

InsurTech Ledgebrook launches new platform powered by Socotra

By Delisha Fernandes

June 16, 2023

  • B2B Insurance
  • Broker
  • core platform
Share

SocotraSocotra, a next-generation core platform provider for modern insurers, and Ledgebrook, an InsurTech MGA focused on the excess and surplus (E&S) market, announced the launch of Ledgebrook’s new platform powered by Socotra Connected Core.

The end-to-end platform empowers the InsurTech company to redefine speed and service in the US wholesale broker market by offering a faster and simpler quoting experience and best-in-class pricing and risk selection while streamlining operations, enhancing customer experiences, and accelerating new product launches.

Ledgebrook, a Boston-based InsurTech MGA founded in March 2022, set out to introduce the powerful combination of cutting-edge technology and deep insurance expertise in the E&S space to deliver a best-in-class experience to the previously underserved wholesale broker community.

“Ledgebrook has fast-track growth objectives, which Socotra enables us to accelerate. We can provide our wholesale broker customers with better, swifter and more innovative insurance solutions than ever before, backed by the outstanding service they deserve,” said Gage Caligaris, Founder and CEO of Ledgebrook.

“We are excited to see Ledgebrook leverage the capabilities of Connected Core and App Marketplace to bring their new products to market more rapidly and enhance their customer experience,” said Dan Woods, founder and CEO of Socotra.

Yaroslav (Slava) Buga, Vice President at DataArt, said, “Our team collaborated closely with Ledgebrook to understand their unique needs and ensure the successful implementation of the Socotra Connected Core and the accompanying ecosystem of market-leading insurance applications. We wish them well with their exciting growth ambitions.”

Previous Article

June 16, 2023

Barclays appoints Yuri Shakhmin as Senior Investment Banker in Europe

Read More
Next Article

June 16, 2023

Revolut launches Ultra platinum card for premium customers

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

B2B Insurance

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 13, 2024

Fin+InsureTech Finsall raises $1.7m in Bridge Round led by Unicorn India Ventures & Seafund

Read More

June 12, 2024

5 RegTechs enhancing compliance for India’s BFSI sector

Read More

June 11, 2024

Mbank & Policybazaar.ae team up to streamline insurance solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023