This Day On The Street
Continue to site
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

Farmers Union Mutual Insurance Company Selects Ebix For Its End-to-End SaaS Based Policy Administration System Needs

ATLANTA, March 6, 2013 (GLOBE NEWSWIRE) -- Farmers Union Mutual Insurance Company of North Dakota, an insurance company that provides comprehensive lines of Property & Casualty products, and Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that FUMIC-ND has selected EbixAdvantage as its new end-to-end SaaS platform for all its front and back end policy administration needs such as rating, underwriting, policy administration, accounting, general ledger, billing and claims management.

Headquartered in Jamestown, ND, Farmers Union Mutual Insurance Company of North Dakota delivers a wide variety of products to farmers, ranchers, homeowners, and businesses across North Dakota. As a mutual company, Farmers Union Mutual Insurance Company is owned and governed by its policyholders in much the same way that a cooperative is owned and operated by its members.

Rated "A" Excellent by the A.M. Best Company, FUMIC-ND offers insurance products such as farm owners, homeowners, business owners, and commercial insurance to its customers. FUMIC selected Ebix to support their current business and future product development and to provide enhanced operational efficiencies for their growing agency distribution channel.

EbixAdvantage is a modern and powerful pure SaaS-based, multi-lingual, multi-currency system, designed to cater to the complete range of general insurance activities such as client management, policy administration, rating and quoting, claims management, accounting, and document management while providing an option to do comparative quoting for direct broking operations of insurance carriers, MGA's and brokers.  

"Ebix's industry knowledge, depth of functionality, SaaS based technology, and end-to-end solution approach were key in our selection of Ebix," said Mark Anderson, General Manager – FUMIC-ND. "We are confident that Ebix will help us provide deep and broad functionality for our core operations and has the flexibility to help us quickly and effectively deliver enhanced customer service."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs