ATLANTA, July 8, 2013 (GLOBE NEWSWIRE) -- Ebix, Inc., (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced its subsidiary Ebix Latin America executed a contract with SINCOR-SP (Syndicate of Insurance Brokers of the State of Sao Paulo) for the implementation and deployment of a Multi-Quote Exchange Solution for auto insurance. There are about 70,000 brokers in Brazil, of which 40% operate in the State of Sao Paulo and are associated to SINCOR-SP. Each state in Brazil has its own SINCOR and several of these from other states have already shown interest on making such a solution available to their associated brokers.
Ebix Announces Agreement To Deploy Multi-Quoting Straight Through Processing (STP) Exchange Solution In Sao Paulo, Brazil
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