Argonaut Insurance Co. Signs Agreement to Pilot ebix.com's B2B Portal, ebix.link, With Select Brokers.Business/Technology Editors MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--July 31, 2000 Transaction-based B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Portal Will Simplify the Submission and Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Process Argonaut Insurance Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AGII) announced today that an agreement has been signed with ebix.com Inc. (NASDAQ: EBIX) to pilot ebix.com's business-to-business portal, ebix.link, with several select brokers. This transaction-oriented software is a B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. tool that enables insurance companies to establish electronic relationships with their agents while simplifying and reducing submission times and the underwriting proposal process. "This agreement with Argonaut illustrates that the future of online insurance encompasses much more than simply providing competitive policy quotes," said Robin Raina, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , ebix.com Inc. "ebix.com is drastically altering the way the insurance industry operates by offering the seamless convergence of both B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. and B2B transactions. And by developing strong business partnerships and leading technology we are committed to redefining the standards by which insurance professionals conduct business worldwide." "Argonaut is committed to using the latest technologies such as ebix.link to improve communication and service with our customers, agents and brokers," said Mark E. Watson III, President and CEO, Argonaut Insurance Company. "Argonaut has focused on providing quality customer service through the Internet with our claim inquiry and report product, Argo OnLine. We are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ebix.link to advance our Internet-based service model by simplifying and enhancing the submission and underwriting proposal process." About ebix.com Inc.: Founded in 1976, ebix.com Inc. (NASDAQ: EBIX) - 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 Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. . 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 Argonaut Insurance Company: Argonaut Insurance Company (NASDAQ: AGII) is the major subsidiary of Argonaut Group Inc., a national provider of Workers Compensation and other specialty property-casualty insurance products focused on high quality customer service. The company has superior financial strength with assets exceeding $1.5 billion, no debt, and rated "A" (excellent) by A.M. Best and "AA-" by Standard & Poor's. More information can be found on Argonaut's Web site at www.argonautinsurance.com. |
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