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Effisoft's Reinsurance Software Named "2019 Software Innovation of the Year" by Reactions Magazine

Prima Solutions-Effisoft Group, a global insurtech group that designs software solutions for insurance and reinsurance professionals in North America, Europe, and Asia-Pacific, has won a 2019 North America Award from Reactions magazine.  

WebXL 4.2, Effisoft’s software for assumed and ceded reinsurance management, was named Software Innovation of the Year, which is “awarded to an organization that released a solution of significant value to the re/insurance industry,” Reactions said.

Reactions provides business intelligence for the global insurance market. 

WebXL 4.2 optimizes all reinsurance operations while integrating features for runoff management and regulatory compliance. Introduced in September 2018, WebXL 4.2 is used by both reinsurers and primary insurers. Version 4.4, which adds more features, was introduced in September 2019.

The Prima Solutions-Effisoft Group is a global insurtech group that designs software solutions for insurance and reinsurance professionals in Europe, North America and Asia-Pacific. It covers all business processes from life and health insurance (group and individual) to non-life and life reinsurance, in addition to regulatory compliance and business intelligence, including predictive simulations and actuarial calculations. Based in Coral Gables, Fla., Prima Solutions-Effisoft USA is the Group’s USA division. U.S. clients include State Auto Insurance Companies, USAA, AXA, Genpact, and others. For more information, visit www.effisoft.com/en.

 


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