Ebix Partners with F&G as One of Industry’s First to Adopt Path-breaking & Most Powerful Data Analytics Tool for Insurance ...
September 01 2020 - 8:11AM
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 a
partnership with F&G for deploying WinFlex Analytics,
EbixExchange’s industry-changing data analytics and alerts
platform.
Designed to give insurance carriers and
distributors an unprecedented picture of how their products are
performing in the market, WinFlex Analytics brings transparency to
case design and pre-sales activity using behavioral data that goes
beyond benchmarking. WinFlex Analytics interprets actual producer
behavior to reveal how products are being framed during pre-sales.
Carriers can use that information to accelerate revenue and market
share growth by identifying sales activity trends involving their
product portfolios.
“As the industry’s leading illustration
platform, with over 16 million quotes annually, the new WinFlex
Analytics tool gives transparency on the behavior of distributors
and consumers, which provides carriers a clear view into current
and future marketplace dynamics as they happen. This competitive
intelligence informs carriers on sales trends and buyer’s needs and
allows insurers to identify product trends,” said Ash Sawhney,
President - Insurance Solutions North America at Ebix, Inc. “We see
WinFlex Analytics as a change-maker for the life insurance industry
and look forward to working with F&G to help make that
happen.”
“WinFlex Analytics will provide an unprecedented
look into how our products are performing and trending,” said Steve
Sanders, Senior Vice President of Life Distribution for F&G.
“This information will be invaluable as we continue to work to
bring innovative product design and features to the marketplace. In
a data-driven world, Ebix has delivered a platform that is certain
to have a significant impact on our partners and
policyholders.”
F&G actively works to deliver an innovative product approach
to its distribution partners and policyholders; and thus this
partnership with WinFlex Analytics is targeted at further
strengthening F&G’s commitment towards that goal. Fidelity
& Guaranty Life Insurance Company provides annuities and life
insurance for over 700,000 policyholders across the United States,
except New York. The company was founded in 1959 and is based in
Des Moines, Iowa.
About Ebix, Inc.
With 50+ offices across 6 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, Ebix’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 globally in the
area of CRM, front-end & back-end systems, outsourced
administration and risk compliance services.
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 the areas of domestic & international money
remittance, foreign exchange (Forex), travel, pre-paid & gift
cards, utility payments, and lending, wealth and asset management
solutions and services in India and other markets. EbixCash’s Forex
operations have emerged as a leader in India’s airport Foreign
Exchange business, with operations in 32 international airports,
including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata.
These Forex operations conduct over $4.8 billion in gross
transaction value per year. EbixCash’s inward remittance business
in India conducts approximately $5 billion gross in annual
remittance business, confirming its undisputed leadership position
in India. EbixCash, through its travel portfolio of Via and
Mercury, is also one of Southeast Asia’s leading travel exchanges,
with over 2,200+ employees, a 212,450+ agent network, 25 branches
and over 9,800 corporate clients. The EbixCash travel
business processes an estimated $2.5 billion in gross merchandise
value per year. EbixCash’s technology services Division has emerged
as a leader in the areas of lending technology, asset & wealth
management technology, and travel technology in India and has grown
its international expanse to Europe, Middle East, Africa and other
ASEAN countries.
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 Joseph678 -281-2027 or IR@ebix.com
David Collins or Chris EddyCatalyst Global - 212-924-9800 or
ebix@catalyst-ir.com
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