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Thursday, 26 October 2017

BSE, Ebix to set up Pioneering insurance distribution network in India


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Leading bourse, the Bombay Stock Exchange (BSE), today said it has joined hands with Ebix Inc to set up a pioneering insurance distribution network in India.
BSE Investments Limited (BIL) is a wholly-owned arm of BSE, while Ebix Fincorp Exchange is a wholly-owned subsidiary of Ebix, signed the pact with the aim of revolutionizing end-to-end sales and insurance processing in the country.
The JV enterprise will allow distribution of outlets, stock brokers, wealth management advisors and financial institutions across life and non-life product segments.

The platform will include the entire insurance lifecycle from customer relationship management (CRM), agency management, multi-quoting, underwriting, policy generation, claims filing and decision to back-end insurance policy administration.
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