HP To Back Ebix Insurance Portal - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

HP To Back Ebix Insurance Portal

Hewlett-Packard and Delphi Information Systems Inc. said today that they've formed a partnership to build the world's first insurance-industry portal, ebix.mall, which is set to debut next month on Delphi's ebix.com site. HP says it will supply WebQoS and Praesidium technology to enhance performance and increase transaction security on the site, which Delphi debuted earlier this year.

HP says it will also make an unspecified capital investment in ebix--with an option to increase that investment over the next two years--and will derive a share of any revenue generated by the site. HP's ownership could reach a maximum of 9.4%, according to the agreement. "We're convinced that Delphi has a market-leading presence with ebix.com," says Keith Melbourne, group marketing manager for the Internet business unit at HP.

Delphi says the site will carry information on life, health, home, and auto insurance, and work under the "reverse auction" format, where customers will set a price and insurance carriers and agents will bid. Delphi president and chief operating officer Robin Raina says customers will access information free of charge; insurance carriers and insurance agents will pay 50 cents per bid, $10 per completed transaction, and $20 to transfer information folders between carriers and agents.

Raina says the portal will be the first Internet venue to allow customers to obtain policies solely over the Internet, with no need to call an insurance carrier or agent. He says the still-paper-intensive insurance industry is the last of the major business cornerstones to harness the power of the Internet.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Can Low Code Measure Up to Tomorrow's Programming Demands?
Joao-Pierre S. Ruth, Senior Writer,  11/16/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll