ATLANTA, Nov. 11, 2014 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial and healthcare industries, today announced the success of its fourth annual EbixExchange Expo. This year's event was Ebix's largest ever gathering of clients, comprised of technology leaders representing the nation's top insurance carriers, distributors, producers, and financial professionals.
The conference's theme was 'Straight Through Processing (STP)' and involved breakout sessions including hands-on training workshops, success clinics, case studies involving analysts and key clients, round table discussions between clients, a presentation of STP initiatives by clients and presentations by Ebix on its efforts to innovate and lead the industry's STP initiatives through its vast spectrum of Exchange services. All the attendees from U.S., Canada and Latin America got the opportunity to dive into the latest product innovations, get hands-on training and hear from experts across the life insurance, wealth management and financial industries.
The keynote address was delivered by the Swiss Re Life & Health America President Neil Sprackling in a powerful presentation on the topic of generating organic growth in the U.S. Life markets. "I was delighted to be invited to present at Ebix's conference," said Sprackling. "The participants were a vibrant mix of distributors and carriers and there was a strong consensus in discussions that as an industry we need to continue to work hard to broaden the reach of life insurance to the American public. As an important business partner of Swiss Re, it is great to see Ebix at the center of this vital industry initiative."
Ebix CEO Robin Raina presented an inspiring welcome address and the company's vision & strategy in front of a packed audience of the nation's leading financial institutions. Reflecting on the conference, Raina said, "This was one of the best conferences I have attended in the last decade at Ebix. We take our role as the industry's leading Exchange player seriously and thus look forward to empowering the life, wealth management and financial industries to unlock greater levels of growth, innovation and success. I thank all the attendees and the Ebix staff for having contributed to the success of this conference."
Robin also conveyed that Ebix vision is to have "Ebix Enterprise, TPP underwriting system and SmartOffice CRM at the center of Ebix's Exchange strategy with all other services serving as the spokes around that hub."
Commenting on that, Manulife (Canada) AVP Retail Markets Alan Bett said, "With the TPP product we are able to process our business in a very efficient and predictable manner. We're getting into our business with an understanding of the RISK far better than we ever have. With the TPP platform, we are absolutely in the game. The number of customers who are interested in this is really starting to build momentum and we at Manulife are very proud of the investment we have made in the system and in Ebix itself. We think Ebix's success is a big part of our success. It's a win-win."
M Financial Group Director of Technology, Dan Kent said, "The Ebix Expo is a great conference. It's an awesome conglomeration of people who use the SmartOffice CRM product from all ends – carriers as well as BGAs and distributors. It's also an opportunity to talk with folks from Ebix about what's happening and what's coming up in the future. The biggest take away from Robin Raina's message was the opportunity that Ebix provides, the breadth of the process in the sales cycle and the depth of the tools within SmartOffice. And seeing that, from the top down, Robin is focused on broad integration and keeping it seamless from end to end."
"There were many CRM options we could have gone with, but SmartOffice was the perfect choice for us. It's wonderful to be at a conference where there are great demographics with diverse backgrounds and ages so that we can all learn from each other. It's important that a conference like this continue to grow on the distribution side, the carrier side, the sales side and the professional side," Debra Schatzki, President & CEO, DPP Wealth Solutions said. "I really enjoyed hearing the vision from Robin about where Ebix is going and about how he wants to create this hub for the financial services industry, to use Ebix as the hub for all our services in alignment. I love that! I think you guys are going to be around for a long time."
Hosted in Las Vegas and spread over four days, October 20 through 23, this year's EbixExchange Expo was attended by top life and annuity insurance company representatives, in addition to a broad spectrum of leading banks, brokers and financial institutions involved in the sale, fulfillment and processing of life insurance and annuities in the United States, Canada and Latin America. Representatives from standard-making bodies, in addition to money clearance organizations and Ebix network of vendor partners, also attended the conference.
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, Ebix, Inc., (Nasdaq:EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.
With 40+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and 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.
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
As used herein, the terms "Ebix," "the Company," "we," "our" and "us" refer to Ebix, Inc., a Delaware corporation, and its consolidated subsidiaries as a combined entity, except where it is clear that the terms mean only Ebix, Inc.
The information contained in this Press Release contains forward-looking statements and information within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. This information includes assumptions made by, and information currently available to management, including statements regarding future economic performance and financial condition, liquidity and capital resources, acceptance of the Company's products by the market, and management's plans and objectives. In addition, certain statements included in this and our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements made by us or with our approval, which are not statements of historical fact, are forward-looking statements. Words such as "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "seeks," "plan," "project," "continue," "predict," "will," "should," and other words or expressions of similar meaning are intended by the Company to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are found at various places throughout this report and in the documents incorporated herein by reference. These statements are based on our current expectations about future events or results and information that is currently available to us, involve assumptions, risks, and uncertainties, and speak only as of the date on which such statements are made.
Our actual results may differ materially from those expressed or implied in these forward-looking statements. Factors that may cause such a difference, include, but are not limited to those discussed in our Annual Report on Form 10-K and subsequent reports filed with the SEC, as well as: the risk of an unfavorable outcome of the pending governmental investigations or shareholder class action lawsuits, reputational harm caused by such investigations and lawsuits, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties; pricing and other competitive pressures and the Company's ability to gain or maintain share of sales as a result of actions by competitors and others; changes in estimates in critical accounting judgments; changes in or failure to comply with laws and regulations, including accounting standards, taxation requirements (including tax rate changes, new tax laws and revised tax interpretations) in domestic or foreign jurisdictions; exchange rate fluctuations and other risks associated with investments and operations in foreign countries (particularly in Australia and India wherein we have significant operations); equity markets, including market disruptions and significant interest rate fluctuations, which may impede our access to, or increase the cost of, external financing; and international conflict, including terrorist acts.
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