Former Ebix Australia COO Simon Agar has left the insurance technology provider to start a consulting business.

Sydney-based Risk IT will provide advice on information technology in the financial services sector, with a focus on insurance.

Mr Agar told insuranceNEWS.com.au his 24-plus years at Ebix Australia, which he co-founded, have equipped him to succeed in the new venture.

“I have had a long and fascinating journey with Ebix,” he said. “It gave me the opportunity to work with some of the best minds in the insurance industry.”

Mr Agar has worked on projects with brokers, insurers, premium funders and related partners, covering areas such as broking and agency systems, ecommerce, partner interfaces, online products and payment gateways.

Most recently he oversaw the Ebix placement platform project for Lloyd’s in London.

“I created Risk IT because I saw an opportunity to provide independent advice on improving business processes using global-leading, industry-specific practices and technology platforms,” Mr Agar said.

“I think there is an enormous opportunity to help drive improved client service, revenue and profitability through ensuring systems are optimised and fully utilised and remain relevant to the business and their customers.”