This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Ebix Signs Contract With Thai Insurer To Implement Group Medical System

ATLANTA, Oct. 29, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that its Singapore Subsidiary Company has signed a contract with ThaiRe Services Co. Ltd. (TRS) to implement its group medical system in Thailand.

ThaiRe Services Co., Ltd (TRS) is a wholly owned subsidiary of Thailand's only local Reinsurance Company for both Life and Non-Life reinsurance businesses, namely Thai Reinsurance Public Company Limited (ThaiRe). TRS is a major provider of outsourced Third Party Claims Administration (TPA) services to the Thai insurance industry. Its customers are predominantly insurers, both Life and Non-Life, offering Medical insurance and related coverage to Corporations as well as Individuals. In the provision of its TPA services, TRS has developed its own expansive Hospital and Clinic Network.

As a part of the contract, Ebix will implement its Group Medical system for TRS while replacing its current TPA system, to enable them to meet the needs of a growing customer base. Ebix Group Medical will enable TRS to have end-to-end claim processing capabilities, while allowing for synchronous interfacing with third party systems and real-time tracking of Medical Benefits Utilizations.

Surachai Sirivallop CEO of ThaiRe, said, "We are excited to be working with Ebix towards implementing this system across our network of 20 Thai insurance companies. Ebix's advanced on-Demand technology coupled with its deep understanding of insurance made Ebix a natural choice for us. We expect this implementation to be the first of its kind in Thailand and thus are looking forward to showcasing this to the market."

Ebix Senior Vice President Graham Prior said, "We thank TRS for this opportunity to help them in their pursuit to handle end-to-end claim processing over the web across their wide network of insurance companies. We intend to grow our presence in Thailand and thus are excited to be working with all 20 insurers while implementing this project."

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

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