Ebix Appoints Ash Sawhney as President – Insurance Solutions for North America

JOHNS CREEK, Ga., Aug. 28, 2018 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced the elevation of one of its senior Executives Ash Sawhney to the position of President – Insurance Solutions, North America. Ash, a 28-year insurance and financial services veteran, has served at Ebix in multiple senior positions including Corporate Vice President – Exchanges, since he joined the Company in June 2012. In his new role, Ash will continue to report to the Ebix Group President & CEO Robin Raina.

In his new role, Ash will oversee all growth initiatives of the Company in the area of insurance solutions in North America. His key focus would be to grow the top line in the insurance area, while taking complete responsibility for all associated operations leading to the successful delivery and deployment of Ebix products in the region.

“Over the last 5 years, Ash has led the growth that Ebix has experienced in North America, in the area of Life insurance exchanges. He took responsibility for business development along with the end-to-end development and delivery of enterprise solutions to the associated carriers and distribution partners. We were able to become enterprise partners to top tier names like MetLife, MassMutual, Manulife, Swiss Re, IFBI, Sun Life, CUNA, Cooperators, Nationwide, Merill Lynch etc.,” said Robin Raina, Chairman of the Board, President & CEO, Ebix Inc. “At a time, when Ebix is experiencing tremendous growth world-wide, we want to ensure that we continue to keep a strong focus on US and Canadian markets in the insurance domain area. The elevation of Ash to oversee that enhanced focus on the North American Insurance markets, was a natural decision considering his tremendous success record at Ebix, and his rich 28-year experience in the North American insurance industry.”

“I am confident that Ash is the right person to lead Ebix’s insurance operations in US & Canada. He will continue to have my complete support and guidance in this endeavor.” Robin continued. “He is a seasoned leader with significant experience working with the insurance markets, operating efficiently at scale, and delivering value to shareholders. He is a diligent and thoughtful person, who likes to lead from the front. We are lucky to have him.”

Ash joined EBIX in 2012 through the acquisition of PlanetSoft, where he was one of the founding partners, growing the company from inception to its eventual sale to Ebix. At PlanetSoft, Ash led a team that developed award winning enterprise software solutions for the insurance industry.

Prior to EBIX and PlanetSoft, Ash was Vice President of International Strategy at State Street Corporation, one of the world's largest institutional asset management and service firms. Ash was responsible for developing growth strategies for State Street's institutional investment products in the Asia Pacific region, including Japan, Singapore, Hong Kong and Australia. Ash also served on the mergers and acquisitions committee representing the international markets. Prior to State Street, Ash was Manager of Strategic Ventures at Sun Life Financial, responsible for finding partnership and acquisition opportunities. Ash also worked in several other departments within Sun Life, including finance, marketing, and operations.

Ash has a Bachelor’s degree in Economics from DAV College Chandigarh, India, and a Master’s Degree in Business Administration from Babson College, in Wellesley MA.

About Ebix, Inc.

With 50+ offices across 5 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, the Company’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administrative and risk compliance, across the world.

With a "Phygital” strategy that combines 260,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, Forex, travel, pre-paid & gift cards, utility payments, lending etc., in an emerging country like India. The Company’s Forex Exchange has an approximate 70% market share of India’s airport Foreign Exchange business encompassing 25 international airports like Delhi, Mumbai, Bangalore, Chennai and Kolkata International airports, while conducting over 1 million transactions per annum. EbixCash, through its travel portal Via.com, is also one of Southeast Asia’s leading travel exchanges with over 110,000 distribution outlets and 8,000 corporate clients processing over 24.5 million transactions every year. For further details, visit www.ebixcash.com

Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific 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  

CONTACT:
                    
                    Darren Joseph
                    +1-678 -281-2027 or IR@ebix.com
                    
                    David Collins or Chris Eddy
                    Catalyst Global +1- 212-924-9800 or ebix@catalyst-ir.com