Harris Williams Advises Prima Solutions on the Sale of Prima XL to Duck Creek Technologies
“The combination of Prima XL with Duck Creek’s large customer base presents strong cross-sell opportunities and creates a powerful global platform of scale in the reinsurance software space,” said Julien Oussadon, a managing director at Harris Williams.
“Throughout the sale process,
Prima XL is a powerful, intuitive, cloud-based reinsurance software that collects, centralizes, and analyzes all data for insurers, reinsurers, and brokers. Prima XL tracks all the information related to reinsurance policies (treaties and facultative policies, claims, incidents, accounting data, technical data, auxiliary data, financial data, and more), allowing insurance businesses to manage all of their policies from underwriting to commutation and renewals. Prima XL is a flexible solution tailored to international organizations using multiple currencies and multiple GAAP requirements.
Prima Compliance is a cloud platform for managing regulatory compliance to satisfy Europe’s Solvency II directive. Combining actuarial calculations (Solvency II Pillar 1) and internal regulatory reporting at the national and European levels (Solvency II Pillar 3), Prima Compliance is a secure, all-in-one solution that is always compliant with Solvency II regulations, giving insurance organizations peace of mind when it comes to European regulatory compliance.
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Source: Harris Williams
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