This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ebix Receives XCelent Technology Award For Life Insurance New Business And Underwriting Platform - The Policy Processor (TPP)

Stocks in this article: EBIX

ATLANTA, Feb. 27, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX) today announced that it has been recognized by Celent, a leading research and advisory firm serving the financial industry, with its prestigious XCelent Technology Award for top performance in the area of Advanced Technology in the firm's latest research report entitled "North American Life Insurance New Business and Underwriting Systems 2012: Life, Health and Annuities ABCD Vendor View."

The report reviewed 15 vendor systems from 14 vendors focusing on new business and automated underwriting systems in use for life and annuity products. As part of the evaluation process, Celent looked at the availability of features and functionalities in the systems and how the systems interfaced with third party data providers.

"As insurers address growth, service, and distribution mandates and look to reduce cost per policy issued, insurers should look to what is available in the vendor marketplace for new business and underwriting systems," Karen Monks, Celent analyst and author of the report said. "The features, functionality and high levels of automation available in life insurance new business and underwriting systems available today can help insurers reduce per policy new business and underwriting costs over time."

Dan Delity, Ebix Senior Vice President – Global Sales, said "We are extremely grateful for this recognition from Celent. This award is a testament to our vision of delivering Straight-Through-Processing (STP) and world-class technology platforms for the life insurance industry. TPP is a Web-services platform that transforms the way new business is processed – allowing for many life insurance policies to be quoted, written, bound and issued at the point of sale."

Delity added, "We believe that banks and broker-dealers will be significant distributors of life insurance in the United States in the future. TPP allows these firms to choose the best life insurance values for their clients and significantly reduce the time and expense of delivering the policy. From life insurance research, illustrations, applications and underwriting - to interfacing with various internal and external systems across the life insurance industry, Ebix's commitment to the industry to provide a world class life insurance exchange to grow premiums has positioned it as the leader in the automation of Life Insurance New Business and Underwriting processes."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs