Ebix, Inc. 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."
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