Prima Solutions Strengthens Its Software Offering by Acquiring Tricast, Expert in Data Analysis Solutions and Predictive Algorithms for the Insurance Industry
In accordance with its ambitious international development strategy and with the support of The Carlyle Group, its new shareholder, Prima Solutions, French insurance software vendor, today announced the acquisition of Tricast, a company specialized in analysis and predictive tools.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171016005025/en/
Based in Paris and created in 2000 by Jean Boudy, Tricast partners with nearly 50 clients across a variety of countries in Europe, South America, the Middle East and Asia, offering them access to an fully-integrated insurance analysis software platform comprised of data and predictive algorithms and aimed at improving the market position and technical margins of its end users.
This acquisition will allow Prima Solutions to enrich its software offering and to market this customized technological and scientific capability, designed to optimize the results and operational efficiency of clients. On an international scale, this acquisition gives Prima Solutions the possibility of successfully reaching new markets within Europe, the Middle East, Latin America and Asia.
The merger of these 2 software platforms also strengthens Prima Solutions’ capacity to provide an insurance solution adapted to new on-demand insurance products linked to behavioral trends (such as ‘Pay how you drive’ and usage-based policies) and based on connected solutions. This capability is enabled by actuarial analysis of big data.
Following this acquisition, Tricast’s personnel will be fully employed by Prima Solutions and will be managed by the current executive team, including the President Hugues Delannoy, as well as the CEO Rodolphe Peim.
“This agreement concluded with Prima Solutions has the objective of opening up a full-service digital software platform to insurance professionals, able to meet their operational needs, including the improvement of client relations, insurance policy management and claims handling, and, in addition, optimizing technical margins. Our clients will naturally continue to benefit from the same level of quality as they have up to now and will furthermore have access to Prima Solutions’ capabilities and innovative products,” stated Jean Boudy, Founder and CEO of Tricast.
“We are delighted to welcome Tricast into the Prima Solutions group. This strategic match enables us to greatly strengthen our software offer while proposing a complementary expertise to our clients, which is central to the improvement of technical margins. This acquisition demonstrates our determination to pursue our new growth strategy, particularly on an international scale by targeting new markets beyond our initial borders, with the support of our new shareholder,” adds Hugues Delannoy, President of Prima Solutions.
The acquisition of Prima Solutions in partnership with its management team has now been finalized. The investment was made by Carlyle Europe Technology Partners III, a €657 million Carlyle fund focused on European technology, media and telecommunications (TMT) companies.
In order to improve the competitiveness and technical margins of insurers, banks, cooperatives and wholesalers, Tricast provides a range of analytical and simulation tools, which are technically innovative, scientifically sophisticated and easy to use:
- Business monitoring, profit centre follow-up, business simulations, stress scenarios
- Report generation, Insurance specific on-line dashboard with key performance indicators
- Risks and clients segmentation, Cross and Up selling, Lapse rate reduction
- Actuarial tools for pricing and reserving
- Reinsurance optimization
- Stimulations tools to analyse the consequences of decisions
- Fraud detection
The Tricast software is used by management teams, who benefit from a
comprehensive set of features and easy-to-use user interfaces. It is
delivered as a single platform with a modular approach.
To learn more, visit www.tricast-group.com
About Prima Solutions
Prima Solutions delivers the software platform Property and Casualty
insurers need to gain in agility and succeed in a time of rapid industry
change. Full web, modular, multilingual and available in SaaS mode,
Prima Insure™ addresses the whole life cycle of an insurance policy:
distribution; underwriting; contract; claims and financial management.
More than 20 Property and Casualty insurers, including Allianz, AXA,
Société Générale Insurance, PSA Insurance, CoverLife, Galian, Groupama,
Hiscox, Mutuelle des Motards or Gras Savoye Willis, have already
selected Prima Insure™. Prima Solutions is a member of ACORD.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 299 investment vehicles as of June 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.
Frédéric DUTREUIL, +33(0)1 70 91 13 16 / +33(0) 6 24 04 23 39
Leslia MADUBOST, +33(0)1 70 91 24 78
Steele&Holt (The Carlyle Group)
Daphne Claude & Dominic Riding
+33(0) 6 66 58 81 92 / +33(0) 6 57 48 83 24
Catherine Armstrong (The Carlyle Group)
+44(0)207 894 1632 / +44(0)7429 421 037
Om Business Wire
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
OCP Announces Date of 2017 Third Quarter and Nine Month Results22.11.2017 16:59 | Pressemelding
OCP S.A., a global leader in the fertilizer industry, will release its third quarter and nine month 2017 results on Thursday, November 30, 2017. The results will be available to holders of the Company’s bonds, qualified institutional buyers, securities analysts and market makers on the OCP Intralinks portal at 9 a.m. EDT and 2 p.m. Morocco/London time. OCP senior management will host a conference call to discuss 2017 third quarter/nine month results at 10 a.m. EDT and 3 p.m. Morocco/London time on Thursday, November 30, 2017 for holders of the Company’s bonds, qualified institutional buyers, securities analysts and market makers. Eligible parties that have not already registered for access to the Intralinks portal may do so by contacting the Investor Relations Department by emailing email@example.com. About OCP OCP is a global leader in the fert
Tata Motors Charts Out 'Connecting Aspirations' As Its New Corporate Brand Identity in Global Markets22.11.2017 14:46 | Pressemelding
As part of the company’s transformation journey undertaken in 2016, Tata Motors commenced a comprehensive project to articulate its corporate branding. Basis a thorough analysis of the existing and the desired future state of the Company, Tata Motors has defined its new brand identity as ‘Connecting Aspirations’ across 46 markets, internationally. ‘Connecting Aspirations’, as the new defining maxim, represents the personality of the brand as an interconnected system of mobility solutions, that are intelligent, perceptive, warm and expressive. It’s a symbolic tagline that represents the company’s past, present and future. It is humble yet bold, a statement as well as a challenge. It will define the way Tata Motors communicates with its internal as well as external stakeholders, and work as an all-encompassing guiding principle across business units.” Speaking on the
NelsonHall Positions L&T Technology Services in the Leaders Category for IoT Services22.11.2017 13:50 | Pressemelding
L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company announced that it has been positioned in the Leaders Category by independent global research firm, NelsonHall in its latest NEAT evaluation for Internet of Things (IoT) services providers. LTTS is the only global pure-play engineering services to be positioned in the leader’s category. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171122005331/en/ L&T Technology Services Capabilities across IoT Services. (Graphic: Business Wire) LTTS has been identified as a leader relative to its peers’ due to its ability to meet future client requirements as well as deliver immediate benefits to IoT Services clients. Dominique Raviart, IT Services Practice Director, NelsonHall said, “L&T Technol
Smithers Viscient Europe Appoints Alasdair Clipston Director of Chemistry.22.11.2017 10:30 | Pressemelding
Smithers Viscient, a global contract research organisation (CRO), announced the appointment of Alasdair Clipston to the role of Director of Chemistry. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171122005035/en/ Smithers Viscient Europe Appoints Alasdair Clipston Director of Chemistry. (Photo: Business Wire) Clipston joins Smithers with 15 years spent within contract research and testing organisations including AstraZeneca and Charles River. “Alasdair brings great knowledge and experience to our operational leadership team, particularly in residue and physical chemistry including five batch analysis.” said Steve Dean, Managing Director, Smithers Viscient Europe. Dean continues, “His skills and passion for science coupled with excellent client relationships and strong business unde
Mundipharma and APR Applied Pharma Research S.A Announce a New Alliance for the Distribution of Nexodyn® AcidOxidizing Solution in Africa and the Levant22.11.2017 10:30 | Pressemelding
Mundipharma International Corporation Limited (Mundipharma) and APR Applied Pharma Research SA (APR) announce that they have signed a licensing, distribution and marketing agreement for Africa and the Levant Region for the innovative active wound cleanser Nexodyn® AcidOxidizing Solution AOS (Nexodyn® AOS), currently marketed in Europe, Turkey and soon available in Middle East countries. Mundipharma will have exclusive rights to the product in more than 35 African markets and countries of the Levant including Nigeria, Kenya, Egypt, Algeria, Lebanon, Jordan, Tunisia and Morocco. The first launches in these markets will begin in the incoming months following the registration and the obtaining of local authorizations for tariffs and refunds. The global advanced wound care market is expected to grow significantly in the next years as a result of the increasing incidence
The .eu Web Awards Shine Again in 2017 with the Announcement of the Winners22.11.2017 09:00 | Pressemelding
Similar to each of the past 3 years during the month of November, the .eu Web Awards gala generates buzz within the .eu community and domain name industry as a whole. The annual .eu Web Awards, launched in 2014, is a competition where .eu and .ею websites have the chance to be nominated for an opportunity to win an awards package that adds credibility and visibility to their online activity. Of the 15 final nominees, a distinguished jury of European stakeholders chooses the best website in each of the Awards’ five categories. The #2017euWA winners were unveiled at the .eu Web Awards gala that took place yesterday evening at the Theatre du Vaudeville in the heart of Brussels, Belgium. The winners and the special commendations represent an eclectic group, and come from all over the European Union, including Bulgaria (Krina.eu), Latvia (Muniocandela.eu & Letthejourneybegin.eu), Sweden
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom