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Electric Insurance Co. Signs Agreement With Ebix.com

6 March 2000

Electric Insurance Co. Signs Agreement With Ebix.com to Provide Auto Insurance Quotes; Consumers in 10 States Will Have Access to Electric's Quotes

    ATLANTA--March 6, 2000--ebix.com Inc. today announced that Electric Insurance Company will offer quotes for automotive insurance on www.ebix.com, the world's first comprehensive insurance portal. Beginning in 10 states, qualified consumers will be able to receive Electric's quotes and then complete the entire transaction online.
    "We are very excited to have Electric Insurance join the ebix.com marketplace," said Robin Raina, President and CEO, ebix.com Inc. "Electric's understanding of Internet technologies and market savvy make their participation on our site a very positive step for ebix.com. We're excited to provide consumers access to carriers with an excellent track record of servicing their customer base."
    "We are delighted to begin offering our services on ebix.com," said Gerard McCarthy, Vice President of Marketing, Electric Insurance. "Ebix.com Inc. has 23 years of trusted insurance expertise and an innovative application of concepts and technology. This partnership with ebix.com will help us offer our products to a broader audience of Internet-savvy consumers."

    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, launched in January, 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.

    About Electric (www.electricinsurance.com)

    Electric Insurance Co. (EIC), established in 1966, is a direct writer of insurance offering automobile and homeowner insurance products in 47 states and the District of Columbia. The company has served as a corporate benefit provider for General Electric Company employees for over 25 years. EIC, a leading web-based insurance carrier, actively markets its extraordinary service at competitive rates to the general public. As an innovative and aggressive e-commerce leader, EIC works toward one simple goal: be the best e-service insurance company on the Internet.

    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.