ATLANTA, GA – January 8, 2010 – Ebix, Inc. (NASDAQ: EBIX), a leading international developer and supplier of software and e-commerce solutions to the insurance industry, today announced that its Ebix CRM Division (formerly known as E-Z Data, Inc.), a leading provider of front-office systems for insurance companies, general agents, banks, investment dealers, agents, and financial advisors, has completed the external periodic audit for ISO 27001 certification successfully. ISO, the International Standards Organization, creates standards that specify worldwide requirements for products, services, processes, materials and systems. ISO 27001 is the new international standard created specifically for Information Security Management Systems.
“Penn Mutual is pleased to be partnering with an organization that takes information security and risk management as seriously as Ebix does,” said Mark Wutt, Senior Vice President of Sales Support, Penn Mutual. “It is assuring to know that the facility where we host our agent and client data meets the rigorous information security standards and policies required for ISO 27001 certification, and that the information of our producers and their clients is protected. We are assured by the security of our data at Ebix.”
ISO 27001 certification gives enterprises seeking hosted systems a method through which they can effectively compare each provider’s ability to ensure data security and business continuity. Ebix CRM’s clients, the majority of whom are financial institutions such as Insurance carriers, Broker-Dealers, Banks, Credit Unions and Brokerage General Agencies require ongoing assurance that their hosted data is not at risk in order to help comply with various regulatory requirements such as the Sarbanes-Oxley Act (also known as the Public Company Accounting Reform and Investor Protection Act), HIPPA, PIPEDA etc., ISO 27001 is a step toward effecting and demonstrating compliance with these legislations.
“Ebix CRM Division has always taken great pride in our system security, but the third-party validation of this fact by a trusted organization is vital as our customers, from large financial services enterprises to individual financial advisors, seek to identify vendors that can deliver a truly secure system,” said Dale Okuno, Senior Vice President, Ebix CRM Division. “Our ISO 27001 certification further ensures our prospects and our current clients that their data is indeed secure on Ebix CRM systems.”
The first Ebix CRM ISO 27001 certification audit included the company’s collocation hosting facilities in US and Canada, Hosting Services Group, Database Group, Network Operations Center, MIS, Conversion Services Group, Technical Support, Human Resources, and Administration and Legal department, and resulted in Ebix CRM’s official certification on November 6, 2007. Since then Ebix CRM has passed two annual periodic audits successfully.
A division of Ebix, Inc., EbixExchange is the premier On-Demand Software Exchange that offers products and services that automate, expedite, and improve the process for the life insurance, annuity, property & casualty, and health insurance industries. Seen as a leading developer of electronic Straight Through Processing, EbixExchange currently supports a broad range of insurance agencies, brokerage and clearing firms, and operations centers at over 100 of the leading insurance carriers and their affiliates. EbixExchange products include WinFlex (multi-carrier compliant illustrations), VitalSales Suite (research/quotes/forms), AnnuityNet (annuity order-entry), LifeSpeed (advanced application processing), EbixHealth (employee benefits and claims), EbixCRM (SmartOffice®: on-demand Customer Relationship Management and Agency Management System) and various P&C exchanges across the world. For more information, please visit www.ebixexchange.com
A leading international supplier of On-Demand 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 30+ offices across Singapore, Australia, the US, New Zealand, India, China, Japan and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance, while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS based software platforms, Ebix employs hundreds of insurance and technology professionals that provide products, support and consultancy to thousands of 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
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