Ash Brokerage Selects Ebix Agency Management System

• Ash Brokerage will use the SmartOffice platform throughout their business
   
• Ash Brokerage serves independent insurance agents, financial advisors, registered representatives and career agents across the United States
   
• EbixExchange provides an extensive selection of application software for all entities involved in the insurance industry

ATLANTA, Aug. 7, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that Ash Brokerage, one of North America's largest brokerage general agencies has selected EbixExchange's SaaS based On-Demand SmartOffice System to fulfill its Agency management system needs.

The SmartOffice platform will streamline their processes throughout their business by providing integrated management reporting, powerful case management and robust commission tracking to ensure the highest level of client service.

Tim Ash, CEO of Ash Brokerage, said, "Ebix understands the needs of the life insurance industry as reflected in their end-to-end straight through processing offerings. The agency management system functionalities in SmartOffice are unlike any other product offering in the market. Ash looks forward to working with Ebix and utilizing the expansive functionality of the SmartOffice system."

Chris Aitkens, VP of SmartOffice Sales – North America, said, "To have such a prestigious brokerage house, such as Ash, select SmartOffice for their agency management system speaks to the powerful capabilities of the system. SmartOffice is a perfect fit for Ash Brokerage and acts as the hub for their future strategy. We are excited to be working with Ash Brokerage and are committed to ensuring that we provide the highest level of efficiency and customer experience to them. "

EbixExchange, a division of Ebix, Inc., provides a series of application software products ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the industry.

About Ash Brokerage

Based in Fort Wayne, Indiana, with office locations across the country, Ash Brokerage is a national leader in the insurance brokerage industry and offers hands-on expertise through a consultative approach to product solutions, concept evaluation, underwriting negotiation and business development. Utilizing industry-leading processing capabilities, Ash specializes in an objective analysis of the life insurance, annuity, long-term care and disability industry with a special focus on underwriting and advanced markets.

About EbixExchange

EbixExchange is a division of Ebix, Inc. that focuses on straight through processing for the insurance and financial industries, encompassing CRM & agency management, research, illustration, transaction processing, underwriting, distribution, servicing of a policy and compliance. EbixExchange currently supports a broad range of insurance agencies, brokerage & clearing firms, banks, wealth management firms and a variety of other operation centers across multiple channels such as: annuities, life, health and property & casualty insurance. For more information please visit www.ebixexchange.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. For more information, visit the Company's website at www.ebix.com

CONTACT: CONTACT EBIX:          Neil van Helden, Marketing (678) 242-2824          [email protected]Steven Barlow, Investor Relations (678) 281-2043          [email protected]           CONTACT ASH BROKERAGE:          Nancy Alford, Director Strategic Projects (800) 589-3000          [email protected]

Source: Ebix, Inc.