Renowned life insurance industry professional to play a key role in advancement of provider’s Web-based life insurance processing platform and custom solutions
PARK CITY, UT • May 21, 2009 – EbixExchange USA – a division of Ebix, Inc. (NASDAQ: EBIX) today announced that well-known life insurance and technology authority Ken Leibow has joined EbixExchange. Leibow is a highly respected development leader in the life insurance industry.
As Vice President, Insurance Technologies & Custom Software Development, Leibow will help advance development and outlook for the LifeSpeed Platform. LifeSpeed is EbixExchange’s online exchange platform that connects life insurance sales producers, BGAs, IMOs, broker/dealers, captive agents, and other distribution channels with life insurance products available from carriers. Leibow will also oversee development of integration and custom solutions related to insurance automation in general.
“LifeSpeed offers a tremendous benefit to the life insurance industry,” said Leibow. “It provides a seamless experience for processing life insurance applications without the use of paper. The combination of new business speed gained by electronic delivery and error-free transactions – that have been proofed through platform automation – makes for revolutionary advancement within our industry. I’m highly-pleased to have the opportunity to champion what promises to be an exciting new business model.”
A 22-year veteran of our industry, Leibow has worked for Mutual of Omaha, Diversified Underwriters Services and most recently Oracle. Leibow was the chief operating officer at Integrated Insurance Technologies and senior vice president of Product Development for Skywire Software. Leibow has developed STP automation for life insurance, health insurance and annuity trading partners. His expertise includes data exchange, agency management systems, and agent portals. Leibow also has spent his last 20 years developing insurance technology standards in support of NAILBA and ACORD initiatives.
About EbixExchange USA
EbixExchange USA is the division of Ebix, Inc. that focuses on research, illustration, transaction processing, and compliance automation for the life insurance and annuity industry. Combining the expertise of pre-merger industry pioneers EbixLife and Finetre Corporation, EbixExchange is a leading developer of electronic Straight Through Processing and currently supports a broad range of insurance agencies, brokerage and clearing firms, and operations centers at over 60 of the leading insurance carriers and their affiliates. EbixExchange’s parent company, Ebix, Inc., is a publicly-held corporation (NASDAQ: EBIX). For more information, please visit http://www.ebixexchange.com.
About Ebix, Inc.
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial services industries.
Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.
With bases in Singapore, Australia, the US, New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. Ebix’s focus on quality has enabled it be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute’s Capability Maturity Model Integration (CMMI). Ebix has also earned ISO 9001:2000 certification for both its development and call center units in India. For more information, visit www.ebix.com.
EbixExchange - 703.234.0162