Ebix, Inc. : Ebix Europe named Reactions Technology Provider of the Year
July 06 2018 - 8:30AM
JOHNS CREEK, Ga., July 06, 2018 (GLOBE NEWSWIRE)
-- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of
On-Demand software and E-commerce services to the insurance,
financial, e-governance and healthcare industries, today announced
that its subsidiary Ebix Europe won the Reactions Technology
Provider of the Year award last week at the annual star-studded
gala dinner event featuring the top talent and companies in
London's vibrant (re)insurance market. The other companies short
listed for the Technology Provider of the Year award that Ebix
Europe won, were GuideWire, JDX, RightIndem and Sequel.
The Reactions London Market Awards encompass
direct insurance and reinsurance, rewarding brokers and
underwriters, as well as celebrating the leading service providers
for the London Market. They are awarded following an extensive
selection process involving a survey and nominations, followed in
turn by intense scrutiny by a top-level judging panel. The
independent judges are leading respected London market executives
who scrutinize each nomination to separate the best from the rest,
and identify the sector's star performers.
Ebix were presented with the Technology Provider
of the Year award due to their achievements in developing and
supporting the PPL initiative for the London Insurance Market.
James Pring, Head of Sales, Ebix Europe,
commented: "The recent announcement from Lloyd's to mandate
electronic placement has seen the usage on PPL grow exponentially
and we are absolutely delighted with the acknowledgment from the
London Market for all the work we have put into PPL.
By the end of Q4 this year, each Lloyd's syndicate
will be required to have written a minimum of 30% of its risks
electronically. As such, there is an expectancy for brokers and
carriers to be maximizing use of the platform, and accordingly they
are now actively looking to purchase or license an ACORD gateway
which is capable of sending and receiving placing messages and
integrating their back-office system into PPL.
With the volume of placements increasing, the
business case is clear and Ebix Europe is a fully ACORD certified
gateway provider and able to offer advice on how it could work for
any broking house or system vendor."
Ebix Europe delivers a large commercial insurance,
specialty and reinsurance platform, EbixExchange, which provides
brokers, cedants and insurers with a comprehensive portfolio of
online functionality, processes and workflows to support the full
(re)insurance lifecycle from quotation, binding and endorsement
through claims, accounting and settlement.
About Ebix Europe
Ebix Europe is a wholly owned subsidiary of Ebix
Inc., (NASDAQ:EBIX) that endeavors to provide On-Demand software
and E-commerce services to the insurance, financial, healthcare and
e-learning industries. For more
information: www.ebix.co.uk
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 administrative
and risk compliance, across the world.
With a "Phygital" strategy that combines 260,000
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 Foreign exchange, domestic &
international money remittance, travel, pre-paid & gift cards,
utility payments, etc., in an emerging country like India.
EbixCash, through its travel portal 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
678-281-2027 or IR@ebix.com
David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ebix, Inc. via Globenewswire
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