Ebix Hosts its Largest Customer Conference Beginning Today
21 February 2023 - 11:30PM
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, announced that it
is hosting its largest North American customer conference in a
decade, in Orlando, Florida, beginning today.
The 3-day customer and user group conference is
being attended amongst others, by representatives from top life and
health insurance companies, leading banks, financial institutions,
top industry distributors, Third Party Administrators, and a host
of industry partners. Attendees also include over 50 Ebix North
America executives, who will present and unveil product updates and
future roadmaps, targeted at taking the insurance industry forward
in terms of efficiency and growth.
Ash Sawhney, President, Insurance Solutions –
Ebix North America said. “Our clients in North America account for
a large percentage of insurance premiums in their respective
sectors. We are excited to host these leading institutions together
in one place and for the opportunity to show them - as to how we
can play a key role in their future growth path.”
“This conference is being held at a time, when
our core life and annuity insurance businesses are reporting record
performances. Earlier this month, we announced record premiums of
over $98 Billion processed in 2022, on our Annuity Exchange
platform.” Ash Sawhney said. “I am pleased to say today that the
success we saw in 2022 is continuing into 2023. In January 2023,
the premiums processed on our Annuity exchange platform grew 81%
year-over-year to approximately $9 billion in the month. In terms
of transactions, we experienced 71% year-over-year growth in
January 2023.”
Ash Sawhney added, “These record numbers are a
testimony to the fantastic customer base we have and thus I am
excited to report this record beginning to the year, with our
customers at the Expo - since they are the ones responsible for our
growth. I am looking forward to unveiling several new products and
upgrades at the Expo, that will allow us to further strengthen our
leadership position in the market.”
About Ebix, Inc.
With approximately 200 offices across 6
continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide
on-demand software and e-commerce services to the insurance,
financial services, travel, 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 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 over
650,000 physical distribution outlets in many Southeast Asian
Nations (“ASEAN”) countries, to an Omni-channel online digital
platform, the Company’s EbixCash Financial exchange portfolio of
software and services encompasses domestic and international money
remittance, foreign exchange (Forex), travel, pre-paid gift cards,
utility payments, lending and wealth management across 75+
countries including India. EbixCash’s Forex operations is a leader
in India’s airport Forex business, with operations in approximately
20 international airports, including Delhi, Mumbai, Hyderabad,
Chennai and Kolkata, combined conducting over $4.8 billion in gross
transaction value per year (pre-COVID-19). EbixCash’s inward
remittance business in India processed approximately $5 billion in
gross annual remittance volume (pre-COVID-19) and is the clear
market leader. EbixCash, through its travel portfolio of Via and
Mercury, is also one of Southeast Asia’s leading travel exchanges
with over 517,000 agents and approximately 17,900 registered
corporate clients, combined having processed an estimated $2.5
billion in gross merchandise value per year (pre-COVID-19).
EbixCash's financial technologies business offers software
solutions at the enterprise level for banks, asset and wealth
management companies and trust companies within India, Southeast
Asia, the Middle East and Africa. The EbixCash's e-learning
solutions are provided to schools across the breadth of India via
high quality 2-D and 3-D animation and multimedia learning.
EbixCash's business process outsourcing services provide
information technology and call center services to a variety of
industries.
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
CONTACTDarren Joseph 678-281-2027 or IR@ebix.comDavid
Collins or Chris EddyCatalyst Global - 212-924-9800
or ebix@catalyst-ir.com
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