Farmers Union Mutual Insurance Co. of North Dakota (FUMIC-ND), a provider of P&C products, has selected EbixAdvantage as its SaaS platform for all front- and back-end policy administration needs such as rating, underwriting, policy administration, accounting, general ledger, billing and claims management. EbixAdvantage is a product of Ebix Inc., a supplier of software and e-commerce services to the insurance industry.
EbixAdvantage is a multi-lingual, multi-currency system, designed to cater to insurance activities such as client management, policy administration, rating and quoting, claims management, accounting, and document management, says FUMIC-ND. It provides an option to do comparative quoting for direct broking operations of insurance carriers, MGAs and brokers.
FUMIC-ND says it delivers products to farmers, ranchers, homeowners and businesses across North Dakota. As a mutual company, Farmers Union Mutual Insurance Co. is owned and governed by its policyholders in much the same way that a cooperative is owned and operated by its members. The company offers insurance products such as farm owners, homeowners, business owners, and commercial insurance to its customers.
