Ebix to provide SaaS-based enterprise carrier system to U.S. mutual insurance company
Jun 25, 2012 (TELECOMWORLDWIRE via COMTEX) --
On-demand software and e-commerce services provider Ebix, Inc., (NASDAQ: EBIX) said that it has signed a contract with a U.S. mutual insurance company to provide its Ebix Advantage Web Enterprise SaaS platform to the insurance company, for all its back end system needs such as rating, underwriting, policy administration, accounting, general ledger, billing and claims management. For confidentiality reasons, Ebix did not reveal the name of the insurance company.
The contract mandates Ebix to support the insurance company's current business and future product development as also to provide enhanced operational efficiencies for their growing agency distribution channel.
Ebix Advantage Web is a modern and SaaS-based, multi-lingual, multi-currency system, designed to cater to the complete range of general insurance activities such as clients management, policy administration, dynamic rating and quoting, claims management, accounting, document management while providing an option to do comparative quoting for direct broking operations of insurance carriers, MGA's and brokers.
A international supplier of On-Demand software and E-commerce services to the insurance industry, Ebix, Inc. 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.
Ebix has over 30 offices across Brazil, Singapore, Australia, the US, New Zealand, India and Canada.
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