Eraaya Lifespaces Limited has announced a significant development for its Indian subsidiary, Ebix Technologies. The company has secured a strategic insurance mandate from GT Insurance, a specialist transport underwriter and wholly owned entity of Allianz Australia Insurance Ltd.

Key Highlights

• Ebix Technologies' step-down subsidiary, Ebix Australia Pty. Ltd., has launched GT Insurance's Heavy Motor Transport Package on Sunrise Exchange, Australia's premier B2B electronic insurance distribution platform.
• This launch builds upon the successful integration of GT Insurance's Marine Cargo and Carriers products on the same platform.
• The engagement has been delivering positive revenues and is supported by a multi-year agreement.
• Sunrise Exchange facilitates transactions for over 775 broking firms monthly, processing premium flows, policy renewals, and broker interactions.

Market Context

Australia's general insurance sector recorded approximately AUD 68.00 billion in gross written premiums. The newly launched Transport Package targets the freight and logistics sector, which is projected to grow at a 4.50% Compound Annual Growth Rate (CAGR).

Strategic Importance

This partnership marks a significant milestone in Eraaya Lifespaces' global digital enablement journey, led through its technology arm, Ebix Technologies. The engagement aligns with the company's vision of empowering insurers through transformative technology.

Leadership Commentary

Ben Briscoe, General Manager – Sales, Underwriting & Technical Services at GT Insurance, stated, "Expanding our presence on Sunrise Exchange allows us to better serve the transport industry with fit-for-purpose solutions. Our new Heavy Motor Transport Package reflects our commitment to simplicity, speed, and sector relevance."

Philip Fourie, Managing Director of Ebix Australia, commented, "We're honoured to support GT Insurance's continued digital journey. Their trust in our platform reaffirms our focus on delivering scale, efficiency, and innovation across the insurance value chain."

Ashish Jaitly, Whole Time Director of Ebix Technologies Limited, added, "This engagement aligns with our vision of empowering insurers through transformative technology. GT Insurance's deep domain expertise, combined with Sunrise Exchange's agility, creates a compelling ecosystem for brokers and customers alike."

Future Outlook

As the insurance ecosystem increasingly embraces platform-based models, Eraaya Lifespaces, through its subsidiary Ebix Technologies, is strategically positioned to unlock new value streams, explore untapped market opportunities, and support its stakeholders through long-term, scalable digital solutions on a global scale.

The company continues to focus on enhancing digital operating leverage, expanding strategic client relationships, and strengthening its presence in high-impact verticals such as insurance, financial services, and digital commerce infrastructure.

This strategic partnership with GT Insurance underscores Eraaya Lifespaces' commitment to driving innovation and creating value in the global insurance technology landscape.

Eraaya Lifespaces Limited has announced a significant development for its Indian flagship subsidiary, Ebix Technologies Limited (formerly EbixCash Limited). The company has secured a strategic insurance mandate from GT Insurance in Australia, marking a notable expansion in its global digital enablement journey.

Key Highlights of the Partnership

• Strategic Engagement: Ebix Technologies, through its step-down subsidiary Ebix Australia Pty. Ltd., has partnered with GT Insurance, a specialist transport underwriter and a wholly owned entity of Allianz Australia Insurance Ltd.

• Product Launch: GT Insurance has launched its latest Heavy Motor Transport Package on Sunrise Exchange, Australia's premier B2B electronic insurance distribution platform operated by Ebix Australia.

• Expanded Offerings: This launch builds upon the successful integration of GT Insurance's Marine Cargo and Carriers products on the same platform.

• Multi-Year Agreement: The engagement is underpinned by a multi-year agreement.

Impact on Digital Distribution

The partnership significantly strengthens GT Insurance's reach across Australia's broker ecosystem by digitizing its flagship offerings via Sunrise Exchange. This platform is recognized as the industry benchmark for B2B insurance transactions in Australia.

Sunrise Exchange: A Cornerstone Platform

Sunrise Exchange, a key component of Ebix Australia's portfolio, facilitates seamless transactions for over 775 broking firms monthly. It enables straight-through processing between insurers and intermediaries, significantly reducing friction and manual intervention in insurance transactions.

Market Context

Australia's general insurance sector recorded approximately AUD 68.00 billion in gross written premiums (GWP), with digital transformation emerging as a dominant theme across the value chain. The newly launched Transport Package is designed to address the evolving risk landscape in the freight and logistics sector, which is projected to grow at a 4.50% CAGR.

Leadership Commentary

Ben Briscoe, General Manager – Sales, Underwriting & Technical Services at GT Insurance, emphasized the importance of expanding their presence on Sunrise Exchange to better serve the transport industry with fit-for-purpose solutions.

Philip Fourie, Managing Director of Ebix Australia, expressed honor in supporting GT Insurance's continued digital journey, reaffirming their focus on delivering scale, efficiency, and innovation across the insurance value chain.

Ashish Jaitly, Whole Time Director of Ebix Technologies Limited, highlighted the alignment of this engagement with their vision of empowering insurers through transformative technology.

Strategic Priorities and Future Outlook

This engagement marks another significant milestone in Eraaya Lifespaces' global digital enablement journey. As the insurance ecosystem increasingly embraces platform-based models, the company continues to deliver sustainable, technology-driven value across established and emerging markets.

With Eraaya's revitalized leadership framework guiding Ebix Inc. and its global subsidiaries, the group is focusing on enhancing digital operating leverage, expanding strategic client relationships, and strengthening its presence in high-impact verticals such as insurance, financial services, and digital commerce infrastructure.

The Eraaya–Ebix ecosystem is strategically positioned to unlock new value streams, explore untapped market opportunities, and support its stakeholders through long-term, scalable digital solutions on a global scale.

This strategic partnership between Ebix Technologies and GT Insurance Australia represents a significant step forward in the digital transformation of the insurance industry, leveraging technology to streamline processes and improve service delivery in the Australian market.