Ebix Partners with Liberty Bankers Life Insurance

Ebix (NASDAQ:EBIX),  ecommerce company focused on the insurance and financial industries announced that Liberty Bankers Life Insurance, a company that manages over US$2 billion in assets has selected Ebix’s annuity platform for its clients. The Ebix annuity platform includes services for variable, fixed and income annuities.

As quoted in the press release:

Ash Sawhney, President – Insurance Solutions North America said, “We are pleased that Liberty Bankers chose the EBIX platform for Annuity Processing after looking at various solutions in the market.  AN4 is today the most widely used Annuity exchange in the United States. We continue to see good momentum on our Annuity Exchange since we released the new AN4 platform. This is the fifth new carrier on the platform that we have announced this year.”

Ash added, “With each carrier addition, Ebix generates multiple streams of revenue, including license fees, professional services, and recurring transactional fees.  It also opens up new streams of revenue from distributors that are part of the carrier network as well as opportunities for consulting and platform-based process outsourcing.”

Click here to read the full press release.