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IFA to Begin Offering Insurance to New Jersey Drivers On ebix.com

17 April 2000

IFA Insurance Co. to Begin Offering Auto Insurance to New Jersey Drivers On ebix.com

    ATLANTA--April 17, 2000--ebix.com Inc. (NASDAQ:EBIX) today announced that IFA Insurance Company will begin providing auto insurance quotes to New Jersey consumers on www.ebix.com, the world's most comprehensive insurance portal. IFA Insurance Co. has been providing private passenger auto insurance to New Jersey drivers since 1972.
    The addition of IFA Insurance Co. to the list of carriers on ebix.com expands what has quickly developed into the largest insurance marketplace online, offering seven lines of insurance and unparalleled resources such as competitive quotes in which the consumer names the price, carrier ratings, vehicle crash test results, and an insurance advice center. ebix.com provides consumers access to over 800 agents representing nearly 2,000 different carriers, as well as direct access to 16 leading carriers who are quoting to consumers themselves.
    "We are excited that IFA Insurance has recognized the power of the ebix.com marketplace and decided to join our site," said Robin Raina, President and CEO, ebix.com Inc. "ebix.com Inc. looks forward to signing up additional high-quality companies like IFA Insurance seeking to join the largest aggregator of insurers online."
    "As an expression of our continued dedication to New Jersey drivers, we have joined ebix.com so we can meet the online demands of our customers," said David Walsh, Vice President, IFA Insurance Company. "ebix.com is yet another avenue for us to provide highly competitive insurance rates, convenience and priority claims service."

    About IFA Insurance Company:

    IFA Insurance Company is a New Jersey based company, providing private passenger auto insurance to the drivers of New Jersey since 1972. The company and its founders are dedicated to the New Jersey marketplace. All policy servicing and processing is done in New Jersey by Jersey residents. IFA Insurance is an independent, customer-focused, property-casualty insurer.

    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. (NASDAQ: EBIX) - 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.