Leading insurer to increase product exposure while providing insurance professionals with increased sales efficiency
PARK CITY, UT • July 16, 2009 – EbixExchange USA – a division of Ebix, Inc. (NASDAQ: EBIX), today announced UNIFI Companies will provide the WinFlex illustration system to producers affiliated with its life insurance distribution network — Ameritas Life, Acacia Life and Union Central Life. The illustration system will provide UNIFI Companies with increased exposure to the brokerage and independent insurance market while enabling WinFlex users to create new efficiencies in their sales process.
“We’re pleased to be able to provide the latest compliant illustration platform from EbixExchange,” said Roger Stacy, Vice President – Brokerage Agencies – UNIFI Companies. He commented, “We see WinFlex as a means of broadening our relationships with brokerage agencies and further expanding our market.”
WinFlex, regarded by many in the industry as the leading multi-carrier compliant illustration system, provides a common interface and output for comparing multiple insurance products and supports advanced life insurance sales concepts. More than 60 insurance companies use EbixExchange services like WinFlex. EbixExchange’s client base includes 300,000 brokers.
In addition to WinFlex, EbixExchange also provides automation for research, quoting and life insurance and annuity application order-entry via its VitalSales Suite, LifeSpeed, and AnnuityNet platforms.
About UNIFI Companies
UNIFI Companies—Ameritas Life, Acacia Life, Union Central Life and affiliated companies—offers a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability insurance; group dental, eye care and hearing insurance; retirement plans; investments; banking and public finance. To learn more, visit UNIFI Companies at www.UNIFIcompanies.com.
About EbixExchange USA
EbixExchange USA is the division of Ebix, Inc. that focuses on research, illustration, transaction processing, and compliance automation for the life insurance and annuity industry. Combining the expertise of pre-merger industry pioneers EbixLife and Finetre Corporation, EbixExchange is a leading developer of electronic Straight Through Processing and currently supports a broad range of insurance agencies, brokerage and clearing firms, and operations centers at over 60 of the leading insurance carriers and their affiliates. EbixExchange’s parent company, Ebix, Inc., is a publicly-held corporation (NASDAQ: EBIX). For more information, please visit http://www.ebixexchange.com.
About Ebix, Inc.
A leading international supplier of software and e-commerce services to the insurance industry, Ebix, Inc., (NASDAQ:EBIX) provides end to end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
With 23 offices across Singapore, Australia, 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 to 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 BPO units in India. For more information, visit the Company’s website at www.ebix.com