Prima Solutions, a Paris, Chicago and Tokyo-based provider of a complete software offering for Life, P&C, Large Commercial Risks and Reinsurance, has completed a €1.4m financing round.
Backers include existing shareholders.
The company intends to use the funds to expand its market position through a combination of external acquisitions and internal growth by leveraging its existing customers and products.
Founded in 2000 and led by CEO Hugues Delannoy, Prima Solutions provides brokers, insurance, mutual insurance and reinsurance companies with products for Product Distribution, Policy Administration, Claims Processing, Reinsurance Contract Management, Regulatory Compliance and Enterprise Data Consolidation.
Customers include life and non-life insurance companies, reinsurers and insurance brokers including CNP Assurances, Generali, Allianz, Groupama, Swiss Life, La Réunion Aérienne, Gras Savoye (a Willis Associate Company), Wafa Assurance, Comar-Hayett, Tokio Marine and Nichido Fire, Farm Bureau Financial Services, ACORD, Philadelphia Insurance Companies, Burns and Wilcox, Alterra, RLI, Kiln Group, Beazley.