Prima Solutions, software publisher for insurance and reinsurance professionals, was ranked by Les Echos in 55th place among the French Growth Champions with an average annual growth rate of 82% between 2014 and 2017.
It was ranked 10th among IT firms, according to Channel News’s analysis of this same ranking.
The third edition of this multisector survey was conducted by Les Echos newspaper in collaboration with the Statista institute. This list honors 500 companies that perform exceptionally well and thus contribute to job creation and growth.
With revenue up 500 percent in four years, Prima Solutions was already in 63rd place in 2018.
Hugues Delannoy, President of Prima Solutions, commented: “Over the period, our growth is the result of our investment strategy in research & development and in new talent, of the innovative nature of our cloud software in a sector in full digital transformation, of our business dynamism, as well as of the confidence of our customers, who frequently engage with us on several of our solutions. We are particularly proud because fewer than 50 medium-sized companies are represented in this ranking.”
In 2018, Prima Solutions continued its evolution with external growth initiatives: the acquisition of the Canadian software company ICOD in September 2018, specializing in solutions for health and personal protection, and, in December 2018, its strategic merger with Effisoft, the French software company for Solvency 2 regulatory compliance and reinsurance management.
This last transaction makes the new group the first French InsurTech covering all the business processes of the sector – life and health insurance (group and individual), non-life, reinsurance, regulatory compliance, analysis (predictive simulations and actuarial calculations) – and a key player in insurance in Europe, North America and Asia-Pacific.