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EBIX CEO Robin Raina on how the company’s cloud-based software makes the insurance industry more efficient.
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Time now for a closer look at one of my compelling stocks from last month -- -- as a supplier of on demand software and e-commerce services to the insurance industry.
Since I mentioned that on this show the stock that was on November 22 the stock's up over 7% joining me now is -- chairman of the company CEO Robert Reiner.
A -- welcome to the show.
Thank you -- -- -- haven't yet.
You know a lot of people now we hear this term cloud computing all the time in everyone's using it is becoming sort of ubiquitous.
Your company what specifically do you do that sets you apart from everyone else.
While we out of the been -- for setting up exchanges.
You know we we set up exchanges between all entity that I involve an insurance basically to drive -- out of the process.
Connect all the different entities and make business a lot more efficient and you know ensuring compliance in the process.
Effective cost effectiveness in the profit than thought.
Why hasn't been such explosive growth you know for your company but any industry in general -- there's such explosive growth there.
Well football and -- on the.
Is.
That investigated to the knowledge behind that come with that and upstream but you think of insurance industrial -- single Paper -- the fall.
And you know this is an industrial -- for extended and it's an industrial night to get Paper out of the profits and improve its efficiency.
Especially at a time like this when the margins are getting and Jonathan nothing you looking been -- that its monument.
So we believe we have a -- momentum on the exchange front and don't -- driving people out.
-- robbing you talk about this industry and all the paperwork involved.
There's also a lot of regulation of -- -- fact.
They're probably will be even more regulation involved in this industry does that help or hurt you at all.
Well being in the in a way it kinda how close friend and even in that you know ensure that the -- about it it create small barriers.
For a competition to come in meaning when you look at fifty states in the U left.
Fifty states effectively -- -- like fifty countries because the regulation -- regulatory environment in each of these states.
It sold different from each other of that when a new company wants to come in and step in and do a -- a luck.
It it has it has a lot to look to bill so we believe it anytime via our.
Many of them have enough people of other companies building because of that a -- -- environment than the barrier that it might South Koreans.
That has been a ton of ton of acquisitions in your space it looks like the big boys and out of the big names of software the -- appease the Oracle's of the world.
That they decided you know what we're not gonna build from scratch we're just gonna go out there in acquire others.
Are you nervous about the fact that -- success may attract others or you know may -- you're open to to the right offer.
Well.
Plus the fall reminded them make that choice they've made the choice because they failed to do it meaning when you look at the -- big boys.
They'd stop it do get a big shows that nothing and started to build applications but they fail that is they bond able to understand -- The regulatory environment -- you mean you have to be in this and nothing for long enough to be able to build applications -- made them successful.
For the debate yet out of trying to buy companies now in the mix.
And ready foreign acquisition I don't think so many I think -- just getting started in my mind.
Forty -- to be sold.
21 of the big boy that this point.
Is not really.
A dream this situation for me -- guy I believe that he -- has a ways to go.
You know and the public company there up there always for sale but it's not something that we're looking forward to at this time because we think we just getting started right now.
I well before alleged governance it's a you're okay with the wild swings in the stock at the CEOs and I don't.
Accusing got very pretty wild trading range and that's what we're -- -- what does that do following the stock has fallen apart.
Well I I don't really -- -- business looking at a stock price someone of those CEOs who tends to focus on the fundamentals.
Tries to make showed the -- -- running a business that didn't continuously generating cash.
They're running -- business -- forty put some bluff and operating not do I believe the stock price will pick and of itself as long -- the -- demanding cash.
Marc tell you what's so far did on a great job of making me look good so I appreciate that not congratulations -- and it's you bank's chairman and CEO thank continued to -- Thank you tough.
