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Delphi Information Systems Announces E-Commerce Website Allowing Consumers to Compare and Buy Insurance Online.

ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--May 17, 1999--

Site Builds on Successful Launch of Business-to-Business

Workflow Engine

Delphi Information Systems, Inc. today announced the introduction of the insurance industry's first e-commerce portal, http://www.ebix.com. The site is the only place on the Web that will meet the insurance needs of both the consumer and the insurance professional. Consumers will be able to use the power of the Internet to generate competitive insurance quotes as well as buy insurance online. Insurance industry professionals will also have access to relevant content and Delphi business tools such as ebix.link, (formerly known as ebix.com), which allows for streamlined communication between carriers and brokers/agents.

ebix.com will include 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 will allow consumers to compare prices in a non-threatening environment and buy insurance online if they so desire. This area of the site will be available in September.

ebix.com will also incorporate powerful and secure business tools for agents/brokers, including the recently launched 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 Delphi'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.

The ebix.com site is a natural progression following the successful launch of workflow engine ebix.link. Delphi is in the process of building a direct interface between ebix.link and ebix.mall to enable carriers and agencies to upload and download information with each other and issue policies online.

"The insurance industry is ready to embrace the benefits offered by the Internet revolution," said Max Seybold, President and CEO, Delphi Information Systems. "A vast number of agencies and insurance companies have already accepted our workflow engine ebix.link, as the standard for their communication needs. This e-commerce marketplace, ebix.mall, will provide our insurance agent and broker customers with a new sales channel and lower marketing overhead while at the same time providing consumers with the best possible price and the best possible service."

"Recent industry surveys indicate that more than 25% of consumers would like to buy insurance online. Consumers want to buy insurance at lower costs and in an increasingly efficient manner," said Robin Raina, Executive Vice President and COO, Delphi Information Systems. "ebix.com will provide both consumers and industry professionals with a one-stop resource where they can transact all kinds of insurance business."

Site Features Include:

-- E-commerce section: Online quoting mall allowing consumers to compare and purchase their insurance to be launched in early September; workflow engine allowing real-time transactions between carriers and agents/brokers; consumer custom insurance search engine.

-- Content for Insurance Professionals: Industry news; Continuing education information; Help--Frequently Asked Questions and "Ask the Expert"; Insurance Industry Events Calendar; and Career opportunities/Job search.

-- Insurance Industry Yellow Pages: Users will be able to find contact information for agents/brokers in their area.

-- Map/Directions: Users can locate agents/brokers in their area.

-- Advanced Search Engine: Delphi's customized searching technology will allow users to search the Web as well as Insurance-focused Websites.

-- Insurance Terms Glossary

-- Frequent Flyer Miles: Bonus air miles on initial registration to ebix.com and a referral bonus in terms of air miles for directing people over to the www.ebix.com site.

Business Model:

Access to the site will be available to anyone with any of the major browsers such as Internet Explorer or Netscape Navigator. Carriers and agents/brokers will pay a nominal fee to Delphi for each transaction on ebix.link and also for each quotation and completed transaction on ebix.mall.

About Delphi Information Systems:

Founded in 1976, Delphi Information Systems, Inc. is a leading international supplier of software and Internet solutions to the property & casualty insurance industry. An independent provider, Delphi employs hundreds of insurance and technology professionals who provide products, support and consultancy to over 3,000 customers on six continents. Delphi 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. Delphi's agency management products feature fully customizable and scalable 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 Delphi products and services, call 1-800-4DELPHI (800.433.5744) or visit the Delphi Web site at www.dlph.com.
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Publication:Business Wire
Geographic Code:1USA
Date:May 17, 1999
Words:798
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