Ebix Technologies Projects 20%+ Annual Growth in India Amid Expansion Across InsurTech and Financial Services
Ebix Technologies Ltd., the financial technology arm of Ebix Group, is expanding its focus on insurance technology infrastructure in India, as the company projects over 20% + year-on-year organic growth in its India business over the next 3 years. India currently contributes around 50% of Ebix’s global business, while the company’s India operations support over millions of annual customer transactions through a distribution network of more than 650,000 physical and digital outlets across travel, forex, remittance, payments, and financial services.
As India’s insurance and reinsurance ecosystem continues to open up to greater private and global participation, Ebix is evaluating the India rollout and localisation of several of its globally deployed insurance technology platforms. These include solutions across broker connectivity, policy administration, electronic placement systems, compliance infrastructure, and digital insurance exchanges.
Gagan Sethi, CEO, Ebix Technologies, said, “India is entering a new phase of insurance market evolution, driven by digital adoption, regulatory reforms, and increasing institutional participation. We see a significant opportunity to introduce globally established insurance technology infrastructure platforms that can support operational efficiency, connectivity, compliance, and transaction management across the insurance ecosystem. Our focus is on adapting these capabilities to India’s regulatory and market requirements.”
The company’s international insurance technology portfolio currently supports hundreds of large insurers, brokers, exchanges, and financial institutions across 40+ countries. This includes PlacingHub, Ebix’s electronic placement platform used in the London insurance market. Ebix is assessing localisation and regulatory alignment requirements for selected insurance exchange and placement technologies for the Indian market, including potential opportunities emerging through GIFT City and cross-border reinsurance operations.
Dr. Vikas Garg, Chairman, Ebix Group, said, “India remains one of the most strategically important markets for Ebix globally. The combination of large-scale digital infrastructure, financial sector formalisation, and increasing global integration is creating long-term opportunities across financial technology and insurance infrastructure. We believe Ebix’s global product capabilities, combined with its established operating scale and distribution presence in India, position the company strongly for the next phase of growth in the market.”
Alongside its insurance technology expansion plans, Ebix continues to strengthen its broader India financial services ecosystem through EbixCash and its integrated forex, remittance, travel, payments, and distribution businesses. EbixCash World Money recently expanded its retail forex presence with the launch of its 100th branch in India.
