Prima Solutions' new reinsurance management system for insurance companies, Prima Re, is now available as a SaaS application, providing a Web-based, on-demand solution for managing reinsurance. Prima Re is designed for reinsurance departments of primary insurance companies to manage all their reinsurance related activities. Prima Re is built using the ACORD Information Model and also leverages the ACORD RLC messages for integration.

Along with this launch, Prima is currently offering free trials of Prima Re, marking the first time that SaaS reinsurance-dedicated software can be tried online.

"We feel it is very important to give insurance companies the opportunity to access Prima Re online as a SaaS application and let them try its functionalities," says Fletcher Cargill, product manager for Prima. "We are aware of the stakes involved in adopting a reinsurance management system, and we understand that the choice of an innovative new product such as Prima Re(TM) has to be well founded. So we thought, what better way to ensure Prima Re(TM) is the perfect fit than to let our prospects try it on-line. This is also a great opportunity for us to get important feedback and propose the best solution possible."