Prima Solutions Completes a €1.4 Million Financing Round to Accelerate Its Growth in the Insurance Software Market

CHICAGO--(BUSINESS WIRE)-- Prima Solutions, the provider of a complete software offering for Life, P&C, Large Commercial Risks and Reinsurance Software, today announced it has completed a €1.4 million round of funding. The financing is exclusively provided by existing shareholders, confirming their support to Prima Solutions' strategy to be the leader in insurance software for brokers, insurance, mutual insurance and reinsurance companies.

Prima Solutions plans 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.

"Since its creation, Prima Solutions has been helping forward-looking insurance organizations improve IT efficiency and agility, grow top-line and cut operating costs with its standards-based insurance platform. Following the acquisition last year of a Paris-based insurance software provider, Prima Solutions is now able to provide a complete insurance software solution suite. This new financing round will enable us to add more solutions and products to our portfolio for the benefit of our customers", said Hugues Delannoy, Prima Solutions' CEO.

About Prima Solutions

Prima Solutions (www.prima-solutions.com) provides brokers, insurance, mutual insurance and reinsurance companies with a complete software offering for Life, P&C, Large Commercial Risks and Reinsurance.

Built upon its standard-based insurance development platform, Prima Solutions' products address for Product Distribution, Policy Administration, Claims Processing, Reinsurance Contract Management, Regulatory Compliance and Enterprise Data Consolidation.

Founded in 2000 Prima Solutions operates globally from offices in Paris, Chicago and Tokyo. Customers include life and non-life insurance companies, reinsurers and insurance brokers: 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.