Ebix Appoints Ash Sawhney as President – Insurance Solutions for North America
August 28 2018 - 7:29AM
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
the elevation of one of its senior Executives Ash Sawhney to the
position of President – Insurance Solutions, North America. Ash, a
28-year insurance and financial services veteran, has served at
Ebix in multiple senior positions including Corporate Vice
President – Exchanges, since he joined the Company in June 2012. In
his new role, Ash will continue to report to the Ebix Group
President & CEO Robin Raina.
In his new role, Ash will oversee all growth
initiatives of the Company in the area of insurance solutions in
North America. His key focus would be to grow the top line in the
insurance area, while taking complete responsibility for all
associated operations leading to the successful delivery and
deployment of Ebix products in the region.
“Over the last 5 years, Ash has led the growth
that Ebix has experienced in North America, in the area of Life
insurance exchanges. He took responsibility for business
development along with the end-to-end development and delivery of
enterprise solutions to the associated carriers and distribution
partners. We were able to become enterprise partners to top tier
names like MetLife, MassMutual, Manulife, Swiss Re, IFBI, Sun Life,
CUNA, Cooperators, Nationwide, Merill Lynch etc.,” said Robin
Raina, Chairman of the Board, President & CEO, Ebix Inc. “At a
time, when Ebix is experiencing tremendous growth world-wide, we
want to ensure that we continue to keep a strong focus on US and
Canadian markets in the insurance domain area. The elevation of Ash
to oversee that enhanced focus on the North American Insurance
markets, was a natural decision considering his tremendous success
record at Ebix, and his rich 28-year experience in the North
American insurance industry.”
“I am confident that Ash is the right person to
lead Ebix’s insurance operations in US & Canada. He will
continue to have my complete support and guidance in this
endeavor.” Robin continued. “He is a seasoned leader with
significant experience working with the insurance markets,
operating efficiently at scale, and delivering value to
shareholders. He is a diligent and thoughtful person, who likes to
lead from the front. We are lucky to have him.”
Ash joined EBIX in 2012 through the acquisition
of PlanetSoft, where he was one of the founding partners, growing
the company from inception to its eventual sale to Ebix. At
PlanetSoft, Ash led a team that developed award winning enterprise
software solutions for the insurance industry.
Prior to EBIX and PlanetSoft, Ash was Vice
President of International Strategy at State Street Corporation,
one of the world's largest institutional asset management and
service firms. Ash was responsible for developing growth strategies
for State Street's institutional investment products in the Asia
Pacific region, including Japan, Singapore, Hong Kong and
Australia. Ash also served on the mergers and acquisitions
committee representing the international markets. Prior to State
Street, Ash was Manager of Strategic Ventures at Sun Life
Financial, responsible for finding partnership and acquisition
opportunities. Ash also worked in several other departments within
Sun Life, including finance, marketing, and operations.
Ash has a Bachelor’s degree in Economics from
DAV College Chandigarh, India, and a Master’s Degree in Business
Administration from Babson College, in Wellesley MA.
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 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 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 an approximate 70% market share of
India’s airport Foreign Exchange business encompassing 25
international airports like Delhi, Mumbai, Bangalore, Chennai and
Kolkata International airports, while conducting over 1 million
transactions per annum. 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
+1-678 -281-2027 or IR@ebix.com
David Collins or Chris Eddy
Catalyst Global +1- 212-924-9800 or ebix@catalyst-ir.com
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