Farmers Union Mutual Insurance Company Selects Ebix for Its End-to-End SaaS Based Policy Administration System Needs

Farmers Union Mutual Insurance Company Selects Ebix for Its End-to-End SaaS
Based Policy Administration System Needs

ATLANTA, March 6, 2013 (GLOBE NEWSWIRE) -- Farmers Union Mutual Insurance
Company of North Dakota, an insurance company that provides comprehensive
lines of Property & Casualty products, and Ebix, Inc. (Nasdaq:EBIX), a leading
international supplier of On-Demand software and E-commerce services to the
insurance industry, today announced that FUMIC-ND has selected EbixAdvantage
as its new end-to-end SaaS platform for all its front and back end policy
administration needs such as rating, underwriting, policy administration,
accounting, general ledger, billing and claims management.

Headquartered in Jamestown, ND, Farmers Union Mutual Insurance Company of
North Dakota delivers a wide variety of products to farmers, ranchers,
homeowners, and businesses across North Dakota. As a mutual company, Farmers
Union Mutual Insurance Company is owned and governed by its policyholders in
much the same way that a cooperative is owned and operated by its members.

Rated "A" Excellent by the A.M. Best Company, FUMIC-ND offers insurance
products such as farm owners, homeowners, business owners, and commercial
insurance to its customers. FUMIC selected Ebix to support their current
business and future product development and to provide enhanced operational
efficiencies for their growing agency distribution channel.

EbixAdvantage is a modern and powerful pure SaaS-based, multi-lingual,
multi-currency system, designed to cater to the complete range of general
insurance activities such as client management, policy administration, rating
and quoting, claims management, accounting, and document management while
providing an option to do comparative quoting for direct broking operations of
insurance carriers, MGA's and brokers. 

"Ebix's industry knowledge, depth of functionality, SaaS based technology, and
end-to-end solution approach were key in our selection of Ebix," said Mark
Anderson, General Manager – FUMIC-ND. "We are confident that Ebix will help us
provide deep and broad functionality for our core operations and has the
flexibility to help us quickly and effectively deliver enhanced customer
service."

"We are proud to have Farmers Union Mutual Insurance Company of North Dakota
as a customer," said Jon Mayo, Vice President - Ebix, US P&C Operations,
"FUMIC-ND has a proven record of excellent customer service since 1944. We are
committed to ensuring that our end-to-end back-end solutions help them deliver
insurance across all distribution mediums, while improving underwriting
discipline and lowering operational costs."

About FUMIC-North Dakota

Incorporated in 1944 and headquartered in Jamestown, ND, Farmers Union Mutual
Insurance Company of North Dakota delivers a wide variety of products to
farmers, ranchers, homeowners, and businesses across North Dakota. Through the
protection the company affords policyholders and its investment portfolio,
Farmers Union Mutual Insurance Company is committed to both rural and urban
North Dakota.For more information please, visit
http://ndfu.org/fui/InsureHome.htm

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 a ISO 9001:2000 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: Neil van Helden, Marketing
         +1.678.242.2824 or Neil.vanhelden@ebix.com
        
         Or
        
         Steven Barlow, Investor Relations
         678-281-2043 or steve.barlow@ebix.com

Ebix, Inc. Logo
 
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