Ebix Technologies aims 20 pc growth across insurTech, financial services biz

Ebix Technologies Ltd aims for 20% annual growth over three years, expanding its insurance technology infrastructure and strengthening its India financial services ecosystem through EbixCash.

Ebix Technologies Ltd, the financial technology arm of Ebix Group, is expanding its focus on insurance technology infrastructure and aims for about 20 per cent annual growth over the next three years.

Alongside its insurance technology expansion plans, Ebix continues to strengthen its broader India financial services ecosystem through EbixCash and its integrated forex, remittance, travel, payments, and distribution businesses, the company said in a statement.

EbixCash World Money recently expanded its retail forex presence with the launch of its 100th branch in India, it said.

As India's insurance and reinsurance ecosystem continues to open up to greater private and global participation, Ebix is evaluating India rollout and localisation of several of its globally deployed insurance technology platforms, it said.

These include solutions across broker connectivity, policy administration, electronic placement systems, compliance infrastructure, and digital insurance exchanges, it added.

''We see a significant opportunity to introduce globally established insurance technology infrastructure platforms that can support operational efficiency, connectivity, compliance, and transaction management across the insurance ecosystem. Our focus is on adapting these capabilities to India's regulatory and market requirements,'' Ebix Technologies CEO Gagan Sethi said.

The company's international insurance technology portfolio currently supports hundreds of large insurers, brokers, exchanges, and financial institutions across over 40 countries.