Award recognizes leading provider’s role in advancing industry standards
ATLANTA, GA – May 26, 2009 – Ebix, Inc. (NASDAQ: EBIX), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced its receipt of an award from insurance industry standards forum ACORD. The award was presented in recognition of Ebix’s support of ACORD standards in the provider’s eForms Viewer.
Ebix’s eForms Viewer, which incorporates an ACORD XML standard in its operations, enables all correspondents and agents working in a property and casualty (P&C) insurance environment to collaborate and contribute data to electronic forms used by agency management systems.
ACORD (the Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association that promotes the development and use of standards for the insurance, reinsurance, and related financial services industries.
John Kellington, senior vice president, ACORD, said, “On behalf of ACORD, I want to congratulate Ebix on receiving a 2009 ACORD Innovative Implementation Award. I also want to commend them for their ongoing leadership in the marketplace and for their ACORD-based solutions that meet industry needs.”
The eForms Viewer is a part of EbixASP, a Web-based ASP-model management system. EbixASP supports all lines of P&C insurance managed by US insurance distributors including independent agencies, brokerages, managing general agencies, insurance wholesalers and excess/surplus lines brokers. The eForms Viewer and EbixASP are both developed by Ebix’s US P&C brokerage systems division based in Atlanta.
Jeff Larson, General Manager of the division, said, “Through the use of ACORD standards, we can provide our customers with robust automation solutions, that not only provide them with greater convenience and efficiency, but also promote greater viability and strategic advancement of the industry. We’re grateful for the recognition received from ACORD in the form of this very special award.”
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial services industries.
Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.
With bases in Singapore, Australia, UK, the US, New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. Ebix’s focus on quality has enabled it be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute’s Capability Maturity Model (CMM). Ebix has also earned ISO 9001:2000 certification for both its development and call center units in India. For more information, visit the Company’s website at www.ebix.com
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