Ebix Signs Fidelity & Guaranty Life Insurance Company to WinFlex Illustration Platform
February 03 2020 - 8:47AM
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of
On-Demand software and E-commerce services to the insurance,
financial, healthcare and e-learning industries, today announced
that it has partnered with Fidelity & Guaranty Life Insurance
Company (F&G) to implement Ebix’s WinFlex Web life insurance
illustration platform.
The partnership will enable F&G to add its products to the
WinFlex platform so that third-party distributors can illustrate
those products and run advanced sales concepts. WinFlex supports
advanced sales features such as split dollar, executive bonus and
group carve out. Additional WinFlex features that F&G will
benefit from include:
- Full advanced sales capabilities, including product comparisons
and composite for multiple clients
- Participation of more than 30 carriers
- No need for software installation or maintenance by end
users
- Ability of carriers to register users online
- Usage statistics broken down by producer, by product, and by
concept
- Real-time views of usage, trends and more
Steve Sanders, Vice President Life Distribution at F&G,
said, “WinFlex is the industry standard for illustration
comparisons for life insurance brokerage agencies. The platform not
only makes it easier to facilitate the comparison of carrier
products, but also improves the overall experience for agents and
case design specialists. We are excited to partner with Ebix to
bring F&G life products to the WinFlex platform.”
Ash Sawhney, President - Insurance Solutions North America,
said, "We are excited that F&G is modernizing its approach to
how it offers its products and services to its distribution
partners. Our Illustrations platform allows companies like F&G
to offer a seamless, convenient experience to its sales channel to
pave the way for a faster sale while reducing cycle times and
manual processes.”
About F&G "F&G" is the marketing name
for Fidelity & Guaranty Life Insurance Company issuing
insurance in the United States outside of New York. Life insurance
and annuities issued by Fidelity & Guaranty Life Insurance
Company, Des Moines, IA. F&G has been around since 1959 and,
today, provides annuities and life insurance for nearly 700,000
people across the United States.
About Ebix, Inc.
With 50+ offices across 5 continents, Ebix, Inc., (NASDAQ: EBIX)
endeavors to provide On-Demand software and E-commerce services to
the insurance, financial, healthcare and e-learning industries. In
the Insurance sector, the Company’s main focus is to develop and
deploy a wide variety of insurance and reinsurance exchanges on an
on-demand basis, while also, providing Software-as-a-Service
("SaaS") enterprise solutions in the area of CRM, front-end &
back-end systems, outsourced administration and risk compliance
services, around the world.
With a "Phygital” strategy that combines 320,000 physical
distribution outlets in many Southeast Asian Nations (“ASEAN”)
countries, to an Omni-channel online digital platform, the
Company’s EbixCash Financial exchange portfolio encompasses
leadership in areas of domestic & international money
remittance, Forex, travel, pre-paid & gift cards, utility
payments, lending, etc., in an emerging country like India. The
Company’s Forex Exchange has a dominant market share of India’s
airport Foreign Exchange business encompassing 32 international
airports like Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Goa and
Kolkata International airports, while conducing over $3 Billion in
GMV. EbixCash, through its travel portfolio of Via.com, is also one
of Southeast Asia’s leading travel exchanges with over 110,000
distribution outlets and 8,000 corporate clients processing over
24.5 million transactions every year. For further details, visit
www.ebixcash.com.
Through its various SaaS-based software platforms, Ebix employs
thousands of domain-specific technology professionals to provide
products, support and consultancy to thousands of customers on six
continents. For more information, visit the Company’s website at
www.ebix.com .
CONTACT:
Darren Joseph or Guatam SharmaIR@ebix.com or 678-281-2027
David Collins or Chris EddyCatalyst Global - 212-924-9800 or
ebix@catalyst-ir.com
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