Ebix, 1SilverBullet launch plug-and-play connector platform for InsurTech and FinTech

By Puja Sharma

Ebix has revamped its EbixExchange connectivity stack with a new plug-and-play connector platform designed to streamline integration for insurers, brokers, MGAs, TPAs, and FinTech partners. The upgraded platform is powered by 1SilverBullet (1SB), which provides the underlying connector technology.

With this launch, Ebix can now expose quoting, eApp, enrollment, underwriting checks, payments, and policy servicing as modular APIs that plug directly into a client’s existing front end. 1SB uses a standardised connector fabric with pre-built mappings and a developer portal so carriers and distributors can integrate largely by configuration rather than custom builds.

The unified gateway model of Ebix also means one interface can reach multiple insurers and product lines, reducing point-to-point maintenance.

“This initiative is about making connectivity effortless on our clients’ terms,” said Gagan Sethi, CEO of Ebix. “We asked a simple question – what if Ebix brought its ecosystem to the customer’s technology stack? With the new capabilities in EbixExchange, we have done exactly that. We have built a connectivity layer that our clients can adopt with 1SB’s technology, accelerating the platform behind the scenes.”

From Ebix health platforms, clients can access real-time multi-carrier quoting, enrollment, and eligibility data, as well as faster EDI handoffs, all within their own health portals. In P&C personal lines and commercial, MGAs and brokers can orchestrate quote-to-bind by invoking connectors for rating, third-party data, payments, and document delivery to accelerate product launches. In life insurance, distributors can enable instant-term and simplified-issue journeys within their own eApp or CRM, including prefilling applications, packaging eSign, collecting premiums, issuing the policy, and writing back to the policy system through EbixExchange connectors.

In India, Ebix operates a comparative, multi-insurer quoting platform for insurance agents through its brokerage services. Those carrier integrations are moving onto the EbixExchange connector fabric to speed up new-product onboarding and to cut the upkeep of point-to-point links.

“Our mission has always been to make complex financial systems talk to each other through secure, easy-to-consume APIs. Our solution is now in production across 30+ insurance carriers,” said Milan Ganatra, Founder of 1SB. “We’re proud that Ebix is using our technology to accelerate its connector platform and is bringing this simplicity to global insurance entities.”

The EbixExchange connector platform is rolling out with prioritised Health insurance use cases in the US and P&C in India, followed by P&C and life insurance use cases in other countries. Existing customers can adopt the new APIs incrementally. New customers can start directly with API integration or use Ebix front-end solutions to add APIs over time.