List of Socotra Billing Customers
San Francisco, CA, 94105-4520,
United States
Since 2010, our global team of researchers has been studying Socotra Billing customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Socotra Billing for Insurance Billing Administration from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Socotra Billing for Insurance Billing Administration include: Ledgebrook, a United States based Insurance organisation with 1075 employees and revenues of $452.0 million, Annex Risk, a United States based Insurance organisation with 875 employees and revenues of $368.0 million, Jetty, a United States based Insurance organisation with 150 employees and revenues of $20.0 million and many others.
Contact us if you need a completed and verified list of companies using Socotra Billing, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Socotra Billing customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Annex Risk | Insurance | 875 | $368M | United States | Socotra | Socotra Billing | Insurance Billing Administration | 2023 | n/a |
In 2023, Annex Risk implemented Socotra Billing to support a new high-risk homeowners product in the United States. The deployment centralized core policy administration workflows including quoting, binding, endorsing, cancellations and payments, and it accelerated time-to-market to roughly six months.
The implementation used Socotra Billing to instrument payment workflows and the finance and billing area, moving payment handling from multi-day cycles to minute-level processing. Socotra Billing served as the operational system for quoting and policy lifecycle tasks, enabling automated endorsement and cancellation workflows and tighter billing orchestration under the Insurance Billing Administration category.
Operational coverage focused on the United States high-risk homeowners line, with direct impact on finance and billing teams, underwriting and policy operations, and distribution channels that generate quotes and bind policies. The project emphasized policy lifecycle orchestration, billing reconciliation and payment processing workflow standardization consistent with Insurance Billing Administration functional terminology.
Rollout completed in an accelerated timeline of roughly six months, with product configuration, policy rule definition and billing workflow automation prioritized to support faster launches. Payments processing speed improvement from days to minutes is cited as a key outcome for the finance and billing area.
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Jetty | Insurance | 150 | $20M | United States | Socotra | Socotra Billing | Insurance Billing Administration | 2023 | n/a |
In 2023, Jetty implemented Socotra Billing to accelerate policy bind velocity and provide near-real-time financial data for reporting and payments. Socotra Billing was deployed to address core finance and billing operations, aligning with Jetty’s Insurance Billing Administration requirements across its United States operations.
The implementation focused on Insurance Billing Administration modules such as invoicing, payment orchestration, transaction posting, and automated reconciliation, configured to produce close-ready financial outputs for reporting. Socotra Billing was configured with billing schedules, premium posting logic, and automated reconciliation workflows to support faster policy bind processes and more timely finance inputs.
Integrations included a payments integration with Stripe to capture payment events and streamline reconciliation into the billing ledger, and the billing event stream was connected to Jetty’s policy lifecycle and reporting pipelines to deliver near-real-time financial visibility. The deployment emphasized operational integration between billing transactions and finance reporting to shorten the lag between payment events and financial reporting.
Rollout and governance were scoped to finance and billing teams within Jetty’s US operations, with process changes to align billing workflows and policy bind steps to the new system. According to the case study, outcomes included improved policy bind speed and enhanced near-real-time financial reporting and payments visibility as delivered by Socotra Billing.
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Ledgebrook | Insurance | 1075 | $452M | United States | Socotra | Socotra Billing | Insurance Billing Administration | 2023 | DataArt |
In 2023 Ledgebrook implemented Socotra Billing as part of a Socotra Connected Core deployment to support excess and surplus quoting, binding and back-office processes for the US wholesale broker market. The implementation targeted policy administration and related finance and billing workflows, aligning the Socotra Billing application with the companys Insurance Billing Administration requirements and the Connected Core policy data model.
Socotra Billing was configured to run billing lifecycle processes alongside policy administration, enabling invoicing, billing schedule configuration, collections workflows and accounts receivable tracking at the policy level. The deployment emphasized automation of billing events triggered by bind and endorsement transactions, and standard billing rules were embedded into the policy data model to reduce manual reconciliation between policy and finance records.
The solution was delivered inside the Socotra Connected Core architecture, providing a unified policy and billing data model as the authoritative source for quoting, binding, policy administration and billing. Operational coverage included underwriting and wholesale broker-facing quoting functions, policy operations teams processing bind and endorsement activity, and finance and billing teams managing invoicing and collections, all using a common data schema.
DataArt led the implementation and enabled a sub-four-month launch, with governance focused on aligning underwriting workflows and billing rules, and on configuring collections and receivable processes within Socotra Billing. Post go-live, Ledgebrook reported improved quote to bind speed and operational efficiency in wholesale broker operations driven by the tighter integration of policy administration and Insurance Billing Administration workflows.
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