JOHNS CREEK, Ga., June 04, 2019 GLOBE NEWSWIRE — Ebix, . EBIX, a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries announced that it has continued to expand on its market share in the industry by partnering with Liberty Bankers Life Insurance Company to offer annuity products on its state of the art AnnuityNet4 AN4 Exchange platform.
AN4 is an industry-leading and highly configurable Annuity exchange platform that supports Variable, Fixed, Index and ome annuity Sales, as well as in-force policy maintenance for withdrawals, fund transfers, and policy updates. AN4 seamlessly supports Ebix carrier products for easy and convenient access by Bank, Broker Dealer and Agency distribution clients.
Liberty Bankers Life Insurance Company LBL is owned by Liberty Life Group Trust, a Texas Holding company. Through LBL and its two wholly owned subsidiaries, Capitol Life CLIC and American Benefit Life ABL, the organization offers a full line of life insurance and annuity products which help individuals and businesses meet their financial goals. The LBL Group has developed a proven track record for growth of assets, premiums and earnings over the last decade, with more than $2 billion in assets now under management.
LBL offers immediate and deferred annuities with a range of features to satisfy a variety of financial requirements. The organization’s life insurance products include final expense, term and permanent designs with the latest features such as critical illness coverage and an innovative approach to return of premium. LBL also offers health insurance products that are designed to augment clients’ health care coverage, such as Medicare Supplement, Critical Illness and Accident products.
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.”
About Ebix, .
With 50+ offices across 6 continents, Ebix, ., EBIX endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service “SaaS” enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.
With a “Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations “ASEAN” countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange Forex, travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year. EbixCash’s technology services Division has emerged as a leader in the areas of lending technology, asset & wealth management technology, travel technology in India; besides having grown its international expanse to Europe, Middle East, Africa and ASEAN countries.