Ebix Evolution is the first native cloud broking system from Ebix. Being a cloud solution allows Ebix Evolution to be stored on multiple servers and accessed via the internet. This makes the system easier to deploy and maintain creating operational efficiencies. It also means that Ebix Evolution is accessible via the internet anywhere and anytime.
Cloud computing offers more flexibility and isolates brokers from the need to engage specialists to maintain their infrastructure. Cloud computing also delivers higher levels of security and redundancy in the event of a system failure.
The system has been developed with a modular architecture allowing brokers to select those functions that apply to their particular business needs. The standard suite of Ebix Evolution modules caters for core broking and accounting functions, optional modules are available to address specific processing requirements and external interfaces.
Within each Ebix Evolution module individual processing options can be enabled if they apply or equally importantly can be transparent to the end user if the option is not required. This approach ensures that you have a system that mirrors your processing requirements without unnecessary options that can slow down processing.
Ebix Evolution is designed from the ground up as an e-commerce enabled platform for product distribution, upload of transactions processed through external applications, client self service portals and integration with other e-commerce platforms such as credit card payment facilities and banking interfaces. Online insurance products can be distributed through standard e-commerce websites or specialist facilities. These products can be made available at a retail client website or through a niche market distribution facility. Both allow the client to generate a quote, bind cover and pay for the policy without broker intervention. The transaction will appear as if it had been manually entered into Ebix Evolution by your staff.
Uploading e-commerce transactions this way allows your Ebix broking system to remain the sole repository for both policy and accounting information. Invoices and other documentation are generated from within the broking system while insurer settlements and reports all include these imported transactions. Payment files received from your bank or other credit card provider are also automatically uploaded into Ebix Evolution negating the need for manual receipting.
A powerful Customer Self-Service is also available to allow your clients to self serve common requirements such as retrieving policy information, checking account balances, requesting reprints of broking system documentation or certificates of currency, lodging first notice of claim or contacting their broker.
Ebix Evolution is a smart-client application developed using multi-tier Services Oriented Architecture and Microsoft .NET 4.0 frameworks to distribute the workload across different layers so as to make the application scalable. The layers of the application are:
- Presentation Layer
- Service Layer
- Business Logic Layer
- Data Access Logic Layer
These layers combine to provide fully integrated web based system addressing the requirements of relationship management, product distribution, quotations, policy recording and tracking and document production.