NEW BRITAIN, Conn., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Ebix Consulting for Life & Annuity Insurance (formerly known as VERTEX, Inc), based in New Britain, Connecticut has been honored by the Association for Cooperative Operations Research and Development (ACORD) with distinction for both their Industry Leadership and their award-winning VTXml Product Suite. This is the 11th year in a row in which Ebix Consulting has been presented with an award exemplifying their dedication to the ACORD standards.
The core of ACORD2015 is three days of knowledge with deep dives into ACORD Standards and Architecture, continuing education and professional development, and the latest on the technology and business horizons.
Pam Simonds of Ebix Consulting was presented with the Leadership award for her consistent commitment to the ACORD organization. Specifically, Pam has co-chaired the ACORD Forms working groups, actively participated in ACORD and IRI working groups, and helped develop the standards that meet the needs of Ebix Consulting clients and the industry.
The Case Study award is in recognition of the Ebix Consulting VTXml Product Suite. The product suite facilitates ACORD transactions for the insurance industry. VTXml is the most widely used tool in the industry for the creation and publication of insurance product definitions using established industry standards like ACORD's PPfA and PPfL data models.
Using these ACORD XML messaging standards offers clear advantages for insurance companies. The product effectively meets the challenge of getting product information into the latest version of ACORD. VTXml offers an intuitive, secure, business-centric solution that allows users to create product definitions once and then create valid ACORD XML transactions in any version desired with the click of a button. The XML generator built into the software ensures data integrity between versions and saves time and effort.
“Ebix Consulting’s continued leadership, valuable participation and implementation of the latest ACORD Standard demonstrates their dedication and commitment to streamlining and simplifying this industry,” said Sandy Hampel, ACORD Director of Life & Annuity Implementations. “We congratulate them on these 2015 ACORD Awards.”
For further information about Ebix Consulting and their product offerings, please contact sales@ebixconsulting.com .
About Ebix Consulting
Ebix Consulting, an Ebix company (NASDAQ: EBIX ), is a full service professional services firm providing product and services specific to Life, Annuity and Property Casualty Insurance. Ebix Consulting works closely with ACORD to enhance their data standards, proctor their ACORD Certification Expert program, and support many insurance carriers in their implementation and maintenance of the ACORD data model and transactions.
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, Ebix, Inc., (NASDAQ: EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.
With 40+ offices across Brazil, Singapore, Australia, the US, UK, New Zealand, India and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company's website at www.ebix.com
About ACORD
ACORD (Association for Cooperative Operations Research and Development), founded in 1970, is a global, nonprofit organization serving the insurance and related industries. ACORD facilitates fast, accurate data exchange and more efficient workflows through the development of electronic standards, standardized forms, and tools to support their use.
ACORD members worldwide include hundreds of insurance and reinsurance companies, agents and brokers, software providers, financial services organizations and industry associations. ACORD also presents events, videos, research papers and seminars on current technology and business topics. ACORD maintains offices in New York and London. For more information please visit www.acord.org .
CONTACT: Aaron Tikkoo 678 -281-2027 or atikkoo@ebix.com David Collins, Tanya Kamatu or Chris Eddy Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com
