Prima Solutions Group is an insurance group that designs solutions for the reinsurance and insurance professionals in Asia-Pacific, North America, and Europe. Recently the company made an announcement that it has decided to use WebXL provided by a Florida-based insurer called the Weston Insurance Company. WebXL is reinsurance management software that is cloud-based by which an insurer can leverage the solution to optimize the CAT bonds. Weston Insurance was founded in 2011 in Coral Gables to insure businesses and homes from hurricanes, windstorms, hail, tornados, and floods. The company is licensed in various places like Texas, Mississippi, Alabama, Puerto Rico, and South Carolina.
The new move to deploy WebXL was part of the company’s strategic initiative to have a better information system. COO and CFO, Richard B. Primerano stated that they wanted a partner who can understand the market well and Prima XL was suitable for them because their track record was good for rapid and agile implementation. CEO of Prima Solutions stated that their company is delighted to support Weston Insurance in its development and growth. Global insurtech group is one of the significant players in the Asia-Pacific, North America, and Europe circuit. The group is well-known for serving more than 300 customers.