ANUE Closes Shop

We received an e-mail from Dave Schuppler, current President of ANEU (Affiliated Network of Ebix Users) announcing that ANEU ceased operations as a User Group effective December 31, 2010.

ANEU logo

As you may know, ANEU has a long history as a non-profit, independent user association representing U.S.-based P&C Ebix agency management system users. The organization can be traced back to 1972 when it was originally founded as ARIAS—the Association of Redshaw Insurance Agency Systems. ANEU has a longstanding reputation of users helping users online and in person through educational seminars, webinars, meetings, and social networking. User group members have been instrumental for nearly 40 years in helping the vendor achieve the level of success it enjoys today. At one time, the user group had approximately 2,000 members and many of the current leaders in the field of insurance technology can trace their roots back to ARIAS and Redshaw. Unfortunately, just one year short of their 40th anniversary, they have been forced to cease operations.

“The number of U.S.-based P&C Ebix agency management system members has affected the ability for ANEU to support current and potential member services,” said Schuppler. “During a conference call in December the ANEU Board of Directors voted to close down ANEU. We have notified our members and Ebix, Inc. of this decision. We will use the first quarter of 2011 to legally dissolve this non-profit association.”

Ebix 2nd on Fortune List of Best Investments

For those of you who have been around insurance technology for a while, the title of this post may surprise you. Ebix (formerly known as Delphi Information Systems) has had more near-death experiences than any other insurance technology company I know. Robin Raina joined Ebix in 1997 as VP – Professional Services. After a series of promotions he was named CEO in 1999 and Chairman in 2002.

Raina leadership has been responsible for taking Ebix (NASDAQ: EBIX) from near death to now being ranked 2nd on FORTUNE magazine’s list of Best Investments in the world. The list, which comprises the 100 fastest growing companies in the world, appears in the August  31, 2009, issue of FORTUNE magazine. The complete article is available on www.Fortune.com.

Ebix was ranked No.4 among the 100 fastest growing companies, named “the World’s supercharged performers” by FORTUNE magazine.  FORTUNE also ranked Ebix as the No.1 fastest growing company from Georgia on the list. Ebix was ranked 20th based on profit growth and 29th based on sales growth, on the list.

In case you are not familiar with Ebix, they provide products and services to the insurance industry worldwide in four areas:

  1. Worldwide sales, customization, development, implementation and support of its insurance carrier system platforms “Infinity Systems” and “Business Reinsurance and Insurance Company System” (BRICS).
  2. Worldwide sales and support of broker/agency management systems including EbixASP, eGlobal and Winbeat.
  3. Expansion of connectivity between consumers, agents, carriers, and third party providers through its exchange family of products in the life, health, annuity and property & casualty sectors worldwide, namely the EbixExchange family of products.
  4. Business process outsourcing services, which include certificate origination, certificate tracking, call center and back office support.

Congratulations to Robin and his team on this recognition.