Eraaya Lifespaces Limited announced that its global subsidiary, Ebix Latin America Tecnologia E Consultoria Ltd, has onboarded three leading Brazilian insurers—CNP Seguradora, Icatu Seguros, and Aruana Seguradora—onto its Digital New Business Platform. This move reinforces Ebix’s commitment to driving digital transformation, operational efficiency, and innovation in Brazil’s insurance sector.

CNP Seguradora, a subsidiary of Europe’s CNP Assurances with over 20 years in Brazil, will leverage Ebix’s platform to enhance digital insurance solutions, streamline operations, and improve compliance for brokers, clients, and technical teams. Icatu Seguros, a leader in life and pension insurance, will use the platform to strengthen its Group Life Insurance offerings, emphasizing automation and customer-centric solutions. Meanwhile, Aruana Seguradora will implement a robust broker service platform, supporting digital sales of diverse products, including life insurance, surety bonds, and rental bonds, furthering digital adoption across Brazil.

“These partnerships represent a major step forward in modernizing the insurance marketplace through digital solutions that drive operational excellence and meet the diverse needs of Brazilians,” said Mario Nogueira, Business Head – Ebix Latin America. “This is only the beginning, with many more strategic partnerships planned for collaborative growth.”

The initiative underscores Eraaya Lifespaces’ global digital enablement strategy, with Ebix strengthening its footprint in Latin America. Brazil’s insurance industry, which recorded revenues exceeding R$ 600 billion in 2023 and is projected to grow at a CAGR of 7.3% through 2027, is increasingly adopting digital-first business models, supported by initiatives such as Open Insurance Brasil.

Ebix’s Digital New Business Platform acts as a cornerstone for Latin American operations, offering straight-through processing, compliance management, and multi-product configurability, significantly reducing manual intervention and speeding up policy issuance. The onboarding of CNP Seguradora, Icatu Seguros, and Aruana Seguradora expands the platform’s reach, providing insurers and brokers with an agile, secure, and scalable infrastructure to meet evolving customer demands and accelerate digital adoption across Brazil’s insurance value chain.