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:
- Worldwide sales, customization, development, implementation and support of its insurance carrier system platforms “Infinity Systems” and “Business Reinsurance and Insurance Company System” (BRICS).
- Worldwide sales and support of broker/agency management systems including EbixASP, eGlobal and Winbeat.
- 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.
- 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.