PARIS--(BUSINESS WIRE)--Prima Solutions, the software provider for the insurance industry, announced that Hiscox France chose Prima Insure™, the SaaS platform for insurance product distribution, and launched its first product within three months.
“Hiscox France needed a flexible platform to distribute and manage its products sold through its direct Internet channel such as professional indemnity insurance, employer’s liability insurance, property insurance. After a review of the market, we selected the innovative offering of Prima Solutions. The Prima Insure™ platform, available in SaaS mode, allows us to setup our products online quickly, to provide our customers with an online rating, quoting and binding process and a personal space on the Internet to manage their contracts. It also offers our underwriters the management capabilities they need, all from one single software platform”, says Stéphane Flaquet, Hiscox Group IT Director.
“Thanks to the Prima Insure™ platform and an excellent collaboration between our teams we have been able to launch our employer’s liability product within three months, within our budget. Within this timeframe we have been able to configure the product rating and underwriting rules, customize the underwriting, policy issuance and financial processes, implement the on-line sales channel, migrate all our historical data to the new platform, test it and put it in production”, adds Nicolas Moroz, Head of Direct Sales at Hiscox France.
“Prima Solutions is very pleased to count Hiscox among its customers of its multi-product and multi-channel SaaS distribution platform. By choosing Prima Insure ™, Hiscox confirms the relevance and the innovative nature of our service offering, which addresses the growing need for highly customizable and available platforms”, adds Hugues Delannoy, CEO, Prima Solutions.
The Prima Insure™ platform is fully configurable and can be customized to suit the needs of all users: customers, distributors or underwriters. 100% web based, modular and available in SaaS mode, Prima Insure™ manages the key insurance business processes end-to-end, from quoting to policy issuance, to financial collection, whether for P&C, Life or Savings products. Prima Insure™ is currently used either as an end-to-end system for distribution and contract management, thereby replacing legacy systems, or as a set of independent modules to complement existing software applications.
About Hiscox
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group - Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites internationally traded business in the London Market - generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA.
In France, Hiscox distributes its products through a network of selected brokers and allows since 2008 consulting and services professionals to underwrite directly online their professional liability insurance. For more information: www.hiscox.fr
About Prima Solutions
Prima Solutions provides brokers, insurance and reinsurance companies with a complete software offering for distributing and managing Life, P&C, Large Commercial Risks and Reinsurance products.
Built upon industry insurance standards, the Prima Solutions offering is available as packaged systems or as Software as a Service, directly accessible over the Internet.
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: Hiscox, CNP Assurances, Generali, Allianz, Groupama, Swiss Life, Willis Corroon, Altima Assurance, Wafa Assurance, Comar-Hayett, Farm Bureau Financial Services, ACORD, Philadelphia Insurance Companies, Burns and Wilcox, RLI.
Prima Solutions is a member of ACORD.