Prima Solutions has acquired Paris-based insurance software provider Albiran.

According to the Prima Solutions, the combined products of both the companies will create the technologically and functionally advanced, comprehensive and integrated software solution for insurers, mutual insurance companies, reinsurers and brokers.

The solutions include packaged insurance applications, Prima Insure and Prime Re, covering underwriting, policy and claims management, for life, non-life and reinsurance lines of business.

Insurance software components, Prima IBCS and Prima Repository, allowing insurance companies to custom-build the business applications.

Prima Solutions CEO Hugues Delannoy said by combining both companies’ products and expertise, Prima Solutions becomes a de facto vendor of reference in the global insurance software solution market.