Ebix reports ‘record volumes’ on AnnuityNet4 in 2022

Ebix announced that it closed 2022 with record volumes on its Annuity Exchange Platform called AnnuityNet4. In the year 2022, Ebix recorded some of its highest numbers ever in many areas: Total annuity premiums processed through the platform reached $98 billion, the highest ever since inception in 1997. This represents a 46 percent gain as compared to 2021. Total transactions exceeded 580,000. This represents 36% year-over-year growth in 2022. Q4 2022 was the highest ever quarter on record in terms of transaction counts, with November 2022 being the highest ever month on record. The number of participants on the exchange now stands at 57 carrier manufacturers and over 120 distributors, including banks and clearing houses. Total number of products supported on the platform crossed 2,400.