Ebix Annuity Exchange Closes 2023 with Record Annual Volumes of $118 Billion - Seite 2

Ash Sawhney, President of Insurance Solutions North America for Ebix commented, “We are excited to see back-to- back years of continued record growth for AnnuityNet. The increased number of users and volume we are seeing from both distributors and carriers is positive for the growth of the annuity and retirement income marketplace. These increases show the value our customers place on having a robust, compliant, and dependable exchange that is easy to use. Speed and accuracy are also key factors as the system allows rapid straight through processing, almost 100% IGO accuracy and in-force maintenance of annuities for their customers.”

“We are fortunate in that our industry advisory groups of distributors and carriers work closely with us each month to keep the system and features up to date with the latest industry changes. Feedback from our customers indicates the accuracy, speed and ease of installation and maintenance is allowing them to support higher volumes with less staff which reduces costs and helps impact the bottom-line,” Ash said. “Our pipeline of new distributors and carriers adopting the platform is the strongest that we have seen in recent years. In addition, most of our new clients in the pipeline as well as existing customers are leveraging our new accelerated go-to-market (AGM) program that encompasses proprietary software tools, accelerators for product setup, consulting services, and training programs to help companies with rapid deployment. The AnnuityNet system combined with our world class consulting services team allows us to onboard carriers, distributors, and new products faster than ever before. The industry continues to see growth driven by a favorable interest rate environment and the need for annuity lifetime income guarantees in today’s retirement planning market. We are proud to enable this industry growth by providing the most robust, secure, and reliant platform.”

About Ebix, Inc.

With approximately 200 offices across 6 continents, Ebix, Inc., (OTC: EBIXQ) endeavors to provide on-demand infrastructure exchanges to the insurance, financial services, travel, and healthcare industries.

With a "Phygital” strategy that combines over 650,000 physical distribution outlets in India and many Southeast Asian Nations (“ASEAN”) countries as of December 31, 2021, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio of software and services encompasses domestic and international money remittance, foreign exchange (Forex), travel, pre-paid gift cards, utility payments, lending and wealth management across 75+ countries including India. EbixCash’s Forex operations are carried out primarily through 82 retail branches, 62 retail kiosks in 16 international airports, including Delhi, Mumbai, Hyderabad, Chennai and Kolkata, 12 seaports, over 250 franchise partners across 69 cities, as well as offered through more than 1200 corporate clients, more than 27 bank clients, and 5-star hotels in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of the leading non-bank travel exchanges based in India and catering to approximately 517,000 agents and approximately 17,900 registered corporate clients as of December 31, 2021. EbixCash's financial technologies business offers software solutions at the enterprise level for banks, asset and wealth management companies and trust companies within India, Southeast Asia, the Middle East and Africa. EbixCash's business process outsourcing services provide information technology and call center services to a variety of industries.