Ebix Announces Plans to Expand on Its Leadership Presence in the Life & Annuity Sectors in North America
ATLANTA, GA – October 31, 2013 – On the eve of the National Association of Independent Life Brokerage Agencies (NAILBA) 32 Annual Meeting November 21-23, Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that its plans to launch a wider portfolio of products in the life & annuity sector in 2014, to further enhance its leadership position in the North American markets.
The Company intends to present some of these new initiatives at the NAILBA 32 Meeting in Dallas. The Company views this as a major strategic initiative in view of its existing dominant leadership position in the life & annuity sectors, as reflected by the following facts:
Inviting its clients to the NAILBA Conference, the Company announced its intent to launch key products in the area of mobile agility, cloud-based back end solutions, straight through processing and automated underwriting and policy issuance; all targeted at increasing productivity significantly for the industry.
Ebix Senior Vice President -- Global Sales, Dan Delity said, “We look forward to presenting our new technology solutions at the NAILBA Conference. We believe that end-to-end straight through processing over the web will provide insurance carriers and distributors with significant productivity gains, increased margins and new distribution markets for premium growth. As a company, Ebix is dedicated not only to the proposition of straight through processing, but also to using our technology to implement significant industry process changes that enable insurance products to be more easily delivered to U.S. consumers. Thus, we are excited to unleash our new spectrum of products targeted at increasing premiums for the life and annuity industry.”*Numbers reported by the Depository Trust and Clearing Corporation (DTCC).
About Ebix, Inc.
With 30+ offices across Brazil, Singapore, Australia, the US, New Zealand, India 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 to 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). With a recent ISO 27001-security certification, the Company also has an ISO 9001:27001 certification for both its development and BPO units in India. For more information, visit the Company's website at www.ebix.com.