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Ebix Receives XCelent Technology Award for Life Insurance New Business and Underwriting Platform - The Policy Processor (TPP)



Ebix Receives XCelent Technology Award for Life Insurance New Business and
Underwriting Platform - The Policy Processor (TPP)

ATLANTA, Feb. 27, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq: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."

Dan Delity, Ebix Senior Vice President – Global Sales, said "We are extremely
grateful for this recognition from Celent. This award is a testament to our
vision of delivering Straight-Through-Processing (STP) and world-class
technology platforms for the life insurance industry. TPP is a Web-services
platform that transforms the way new business is processed – allowing for many
life insurance policies to be quoted, written, bound and issued at the point
of sale."

Delity added, "We believe that banks and broker-dealers will be significant
distributors of life insurance in the United States in the future. TPP allows
these firms to choose the best life insurance values for their clients and
significantly reduce the time and expense of delivering the policy. From life
insurance research, illustrations, applications and underwriting - to
interfacing with various internal and external systems across the life
insurance industry, Ebix's commitment to the industry to provide a world class
life insurance exchange to grow premiums has positioned it as the leader in
the automation of Life Insurance New Business and Underwriting processes."

About Ebix, Inc.

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 30+ offices across Brazil, Singapore, Australia, the US, New Zealand,
India and Canada, Ebix powers multiple exchanges across the world in the field
of life, annuity, health and property & casualty insurance while conducting in
excess of $100 billion in insurance premiums on its platforms. Through its
various SaaS-based software platforms, Ebix employs hundreds of insurance and
technology professionals to provide products, support and consultancy to
thousands of customers on six continents. Ebix's focus on quality has enabled
it to be awarded Level 5 status of the Carnegie Mellon Software Engineering
Institute's Capability Maturity Model (CMM). With a recent ISO 27001-security
certification, the Company also has an ISO 9001:27001 certification for both
its development and BPO units in India. For more information, visit the
Company's website at www.ebix.com.

The Ebix, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12133

CONTACT: Steven N. Barlow - Investor Relations
         678-281-2043 or steve.barlow@ebix.com
        
         Or
         Neil van Helden, - Marketing
         678-242-2824 or neil.vanhelden@ebix.com

Ebix, Inc. Logo
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