AAA Mid-Atlantic Inc. Adopts Ebix’s On-Demand SAAS Based Agency Management System – EbixASP

GlobeNewswire

ATLANTA, July 9, 2012 (GLOBE NEWSWIRE) -- AAA Mid-Atlantic Inc. (AAA) and Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that AAA has successfully adopted Ebix's SaaS based agency management system EbixASP.

EbixASP is an On-Demand Agency Management system specifically designed to handle the property and casualty operations of small to large size agencies and brokerage houses in the United States. The system provides a comprehensive set of insurance-specific, automation solutions for independent agencies, brokerages, managing general agencies, insurance wholesalers and excess/surplus lines brokers. With functions ranging from sales administration, policy management, underwriting, claims administration, a detailed general ledger accounting system to an exhaustive collection and payment system, EbixASP automates the front and back end systems across multiple geographies & departments while exchanging data with insurance carriers in an intelligent bidirectional manner, on an anytime, anyplace, anywhere basis.

Lou Pisano, Managing Director of Insurance Agency Operations for AAA Mid-Atlantic said, "With ultimately more than 250 users, this was a complex project involving our end-to-end operations. We are very pleased with the timely and efficient manner in which Ebix handled the project from understanding our needs, system study, design, conceptualization, customization, data conversion and finally getting us in production. We are excited to be taking this technology leap forward in terms of having implemented EbixASP - a cutting edge SaaS based system, targeted at driving large efficiency gains across our organization."

Robin Raina, President & CEO, Ebix, Inc. said, "AAA is a highly respected brand in the United States and strives to be world-class in how it runs its business. AAA's top priority is servicing their members. We are honored to have been selected by AAA Mid-Atlantic as their policy administration system vendor."

About AAA Mid-Atlantic Inc.

The organization provides membership, roadside assistance, travel, insurance, and financial services offerings to more than 3.7 million members through a network of 2,500 employees in approximately 60 office locations. AAA Mid-Atlantic serves members in Delaware, Maryland, Washington, DC and parts of Virginia, Pennsylvania and New Jersey. For more information, visit https://midatlantic.aaa.com

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

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CONTACT:  Neil van Helden, Marketing           678-242-2824 or Neil.vanhelden@ebix.com            Or            Steven Barlow, IR           678-281-2043 or steve.barlow@ebix.com            Or            Aaron Tikkoo, IR           678 -281-2027 or atikkoo@ebix.com