Strong Industry Focus Prima Solutions specializes in insurance software across Property and Casualty, Health, Personal Protection, and Mortgage, serving over 50 clients and supporting a comprehensive digital transformation for insurance professionals. This targeted industry expertise offers opportunities for tailored solutions in claims management, compliance, and policy administration.
Cloud Platform Expansion The company recently launched version 9.19 of its cloud-based platform for life and health insurance, indicating ongoing product development and a shift towards scalable, SaaS solutions—an attractive proposition for insurance firms looking to modernize their IT infrastructure.
Recent Acquisition Momentum Prima Solutions was acquired by Total Specific Solutions in early 2023, positioning it within a broader technology group focused on innovative industry solutions. This acquisition may lead to increased investment and new sales opportunities in integrated insurtech offerings and partnership channels.
Regulatory Compliance Capability With the launch of Prima Compliance Reporting version 9.2 for Solvency II regulations, Prima offers strong compliance tools, which can be leveraged to address regulatory challenges faced by insurance companies seeking efficient reporting and risk management solutions.
Global Market Presence Prima Solutions operates across Europe, North America, and Asia Pacific, providing opportunities to introduce internationalized solutions, expand cross-market client footprints, and capitalize on growing demand for digital transformation in diverse insurance markets.