Total Specific Solutions enters the French insurance vertical with the acquisition of Prima Solutions
Nieuwegein/Paris, 27 January 2023
Total Specific Solutions („TSS“) has acquired Prima Solutions, a leading French InsurTech group that provides modern insurance solutions to primarily French clients. With this acquisition, TSS enters the French insurance vertical and further strengthens its foothold in France. Prima Solutions is the 16th company in the French-speaking market that joins Groupe TSS, our French TSS division. Prima Solutions offers insurance companies a full range of software solutions to transform existing legacy systems and streamline core business processes, thereby speeding up their digital transformation. Prima Solutions’ highly configurable, modular, and cloud-based platforms support the lifecycle management and governance of Property & Casualty (P&C) and Life & Health (L&H) insurance. The platforms are easily integrated within the ecosystems of the clients and provide a self-care portal for interaction between insurers and end-customers.
Dorinda van Oosten, General Manager at TSS: “I am pleased to strengthen our TSS position in the insurance software market with Prima Solutions, our first company dedicated to this market in France. Prima Solutions is considered one of the leaders in the French insurance software domain. They target the main insurance providers and offer them modern cloud solutions. Prima Solutions’ focus on helping clients with mission-critical solutions for the management and governance of their core products is well aligned with the way how TSS views the importance of vertical market software. Also, Prima Solutions offers a complete range of products and services to help its clients easily integrate their solutions while staying close to the end user. This customer-driven approach also fits seamlessly with our vision. I look forward to introducing Prima Solutions President Hugues Delannoy and his team to TSS and CSI companies’ colleagues and to our extensive set of best practices with the aim of further accelerating their customer value and business growth.”
Hugues Delannoy, President of Prima Solutions: “In our industry, the regulations and requirements are constantly evolving and increasing, which is why insurance companies rely heavily on specialized software providers focused on this specific vertical market. We are a dedicated specialist in software for the insurance sector. Prima Solutions has been one of the market leaders in France for the past 20 years incorporating French and European regulations into our solutions. We look forward to being part of an international software group that believes in the value of specialized companies for vertical markets and in a unique buy-and-hold-forever strategy ensuring long-lasting stability for our customers and employees. New insights into running successful VMS (Vertical Market Software) companies and learning and evaluating the best practices of TSS/CSI companies operating in the insurance and other industries will be valuable. And we can share the knowledge and best practices we have accumulated over the years on InsurTech. We look forward to continuing our journey in a group of like-minded industry-specific software companies of TSS and, more specifically, as part of the French Groupe TSS.”
About Prima Solutions
Prima Solutions helps all insurance professionals speed up their digital transformation. Prima Solutions has been an insurance specialist for over 20 years and is a key player in insurance in France and Europe. The company produces software covering all business processes in non-life insurance, health insurance (for groups and individuals), protection and mortgage insurance. The group serves more than 50 customers and works with a global network of partners. It has its headquarters in Paris, France. More information can be found on the website: https://www.prima-solutions.com/en/