The Hartford Signs Agreement With ebix.com to Provide Auto and Homeowners Insurance Quotes
11 January 2000
The Hartford Signs Agreement With ebix.com to Provide Auto and Homeowners Insurance Quotes
ROLLING MEADOWS, Ill.--Jan. 11, 2000--Through Independent Agent Network
ebix.com Inc. today announced that The Hartford Financial Services Group, Inc. , one of the nation's largest international insurance and financial services companies, has signed an agreement to provide personal auto and homeowners insurance quotes on www.ebix.com, the world's first insurance portal. Through ebix.com, consumers will now be able to receive quotes for auto and homeowners insurance from The Hartford by entering ebix.mall and completing a 'request for new quote' form.
Robin Raina, President and CEO, ebix.com Inc., said: "The Hartford has a reputation for leading the industry's technology march, and this agreement further illustrates its vision and grasp of technology trends. This agreement is a milestone in our bid to provide end-to-end convergence between business processes and streamline the whole buying experience for the consumer."
"We're pleased to take advantage of ebix.com's innovative approach to the insurance market to offer consumers access to the expertise and product knowledge of our independent agents via the Internet," said Richard T. Guertin, president of The Hartford's Agency Personal Lines division. "This is the first of several programs we expect to launch this year to connect online consumers with agents who can service their insurance needs."
About The Hartford
The Hartford is one of the nation's largest international insurance and financial services companies, with 1998 revenues of $15.0 billion. As of Sept. 30, 1999, The Hartford had assets of $153.6 billion and shareholders' equity of $5.8 billion. The company is a leading provider of automobile and homeowners coverages; commercial property and casualty insurance; reinsurance; and a variety of life insurance, investment products, employee benefits, group retirement plans and institutional liability funding products.
About ebix.com:
ebix.com, an HP Enabled E-Service which ebix.com Inc. launched on September 8, 1999, is the only site on the Web to meet the insurance needs of both the consumer and the insurance professional. ebix.com includes a virtual marketplace, ebix.mall, where consumers can define their policy coverages and seek competitive quotes from a number of carriers or agents/brokers in a timeframe defined by the consumer. This allows consumers to compare prices in a non-threatening environment and buy insurance online if they so desire.
ebix.com also incorporates powerful and secure business tools for agents/brokers, including the workflow and management engine ebix.link. ebix.link is currently being piloted by a number of leading carriers and agents in the United States and Mexico, drawing from ebix.com Inc.'s strong business relationships with six of the ten largest insurance agencies in the world and over 3,000 agencies in the United States. This workflow engine can save insurance professionals up to 70 percent in time, energy and costs associated with processing day-to-day transactions.
About ebix.com Inc.:
Founded in 1976, ebix.com Inc. - formerly known as Delphi Information Systems, Inc. - is a leading international supplier of software and Internet solutions to the property & casualty insurance industry. The recent name change to ebix.com Inc. aligns the identity of the company with its strategic focus of using the Internet to enhance the way insurance business is transacted, through solutions that encompass both e-commerce and web-enabled agency management systems. An independent provider, ebix.com Inc. employs hundreds of insurance and technology professionals who provide products, support and consultancy to over 3,000 customers on six continents. ebix.com Inc. is the only insurance software provider that offers agency/broker management systems created by insurance professionals to serve the unique needs of each insurance segment around the world. ebix.com Inc.'s agency management products feature fully customizable and scaleable software designed to improve the way insurance professionals manage all aspects of insurance distribution, including: marketing, sales, service, accounting and management.
For more information on ebix.com Inc. products and services, call 678-281-2020 or visit the ebix.com Inc. web site at www.ebix.com.
Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's filing with the Securities and Exchange Commission.