A leading international supplier of On-Demand software and E-commerce services to the insurance industry, Ebix, Inc., (NASDAQ: EBIX) provides end to end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
With more than 30 offices across United States, Australia, Singapore, New Zealand, Canada, China, Japan and India, Ebix powers multiple exchanges across the world in the field of life, annuity, health, risk management and property & casualty insurance while conducting in-excess of $100 billion in insurance premiums on its platforms.

Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced the addition of large distributors and insurance companies to its Annuity Exchange in the second quarter of 2011.
In the recent quarter several new annuity carriers and distributors joined the AnnuityNet Exchange in order to extend their sales reach and to grow their electronic sales of annuities. This list of additions included large names like Mutual of Omaha, Great-West Life & Annuity Company, Western National Life, Commonwealth Annuity & Life Insurance Company (a subsidiary of the Goldman Sachs Group), Regions Bank and the large captive agency group of Prudential Insurance Company, who intend to automate their annuity transactions through the AnnuityNet Exchange.
Ebix also reported on the progress of its recently launched Annuity Maintenance Exchange, for servicing and maintenance of existing annuity policies. Approximately 1/3 of all existing annuities in the U.S. have maintenance transactions each year including, funds transfers, asset reallocation, cash withdrawals and demographic transactions. Ebix's Annuity Maintenance Exchange automates this transaction through its Annuity Maintenance Exchange Platform by applying business rules and sending electronic messages from annuity distributors to annuity manufacturers and back to the policyholders confirming that the transaction has taken place. Previously done by paper, the Annuity Maintenance Exchange eliminates all errors and eliminates the necessity of paper forms, wet signatures and redundant data entry into carrier policy administration systems. The Company reported that its Annuity Maintenance Exchange has been adopted by large broker-dealers and insurance companies, such as Merrill Lynch, Wells Fargo Advisors, Edward Jones, Stifel Nicholas, Prudential, Hartford, Nationwide, Lincoln Financial, SunAmerica, Pacific Life and NY Life

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