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Willis and Ebix Launch Industry’s First Electronic Accounting Platform to Speed Premium and Claims Payments

  • Electronic accounting platform to be rolled out to around 1,100 carriers
  • On-line portal for carrier agreement and query of premiums and claims
  • Rapid global acceleration of ACORD Ruschlikon initiative

LONDON and JOHNS CREEK, Ga., Nov. 17, 2015 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today announced that Willis Group Holdings (NYSE:WSH), the global risk advisory, re/insurance broking and human capital and benefits firm, has rolled out a new global electronic accounting platform developed in partnership with Ebix to speed up cash flow and settle claims more quickly on behalf of clients.

Following a successful pilot, Willis Accounting replaces traditional paper and email delivery of statements with automatic electronic messaging through an online portal. The new platform will speed up premium transactions and claim settlements with carriers and clients. Willis will supply the online portal to around 1,100 carrier partners around the world (with comprehensive training materials).

Clients of Willis as well as underwriters will see significant benefits from the new electronic system including enhanced cash flow; reduced risk though guaranteed data delivery and quicker claims settlement.

Jeff Ward, Vice President and Head of Ebix Europe, said: “Willis and Ebix are leading the global market in electronic accounting and settlement. This will rapidly...