Ebix, Inc. Expands on Technology Leadership Role in the Area of Annuity Exchanges
January 15, 2019 at 09:21 am
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Ebix, Inc. announced that it has completed the implementation of its enterprise annuity exchange platform AnnuityNet4 (AN4), across its entire client base in the United States, besides signing four new contracts with Life and Annuity insurance companies in the fourth quarter of 2018. AN4 is a highly complex complete technology rewrite of Ebix's previous AnnuityNet platform, involving more than a hundred man-years of development time. The AN4 platform implementation across Ebix's entire client base is especially noteworthy since it successfully reverse engineered all the client specific customizations undertaken on Ebix's previous AnnuityNet platform. AN4 is a cutting edge and highly secure industry compliant platform that supports new transaction types for Inforce policies like withdrawals, fund transfers and policy maintenance, besides being highly configurable, and allowing Ebix clients to on-board their advisors on their own, in an expeditious manner. Ebix also announced that it has continued to expand on its market share in the industry by signing new contracts in Fourth Quarter 2018, with four life insurance companies including Fidelity and Guaranty Life, United Life and Guaranty Income Life. Ebix . also announced that it has partnered with industry leading solution providers Docupace, Annuity Rate Watch and Fiduciary Exchange by integrating AN4 with their platforms, creating new avenues for revenue growth.
Ebix, Inc. is a provider of on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, cash remittance and healthcare industries. In the insurance sector, the Companyâs main focus is to develop and deploy globally a variety of insurance and reinsurance exchanges on an on-demand basis using software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management (CRM), front-end and back-end systems, and outsourced administrative and risk compliance. The Companyâs EbixCash Financial exchange portfolio of software and services consists of domestic and international money remittance, foreign exchange (Forex), travel, pre-paid gift cards, utility payments, and lending and wealth management in India and other primarily Southeast Asian markets. It operates India's airport Forex business, with operations in approximately 20 international airports, including Delhi, Mumbai, Hyderabad, Chennai and Kolkata.
EBIX, INC. 
