Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ILOG announced it will pay $4.1 million to acquire 33 percent ownership in Prima Solutions, a Paris-based provider of insurance software platforms. ILOG expects the move to strengthen the partnership between the two companies and support the deeper penetration of ILOG’s business rule management systems (BRMS) in the insurance industry through a closer business and technical relationship. Prima also is an ILOG independent software vendor (ISV) partner. Prima developed Prima IBCS, an insurance object model used by insurance carriers to build underwriting and claims-processing applications. The model is designed to reduce the costs and risks associated with the deployment of a distributed SOA through an incremental approach. It is the result of several years of research and development covering 100 core processes and 1,000 classes spanning life, property/casualty, and reinsurance. ILOG reports the agreement will have no material impact on net revenues or operating expenses, and the transaction is not expected to have a significant impact on the company’s FY07 net income.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.