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LIDP’s Administration Solution Available for SaaS Implementation

Staff Writer | March 30, 2017

LIDP Consulting Services announces the availability of software-as-a-service (SaaS) deployment for it’s the Administrator – Titanium Edition solution. To accommodate each carrier’s specific preference, a carrier can choose to implement the Titanium SaaS option in the cloud or hosted as a private cloud at LIDP’s Woodridge, Illinois location with a backup site at the Venice, Florida facility.

With the new SaaS option, LIDP is offering the insurance industry a modern life, health, and annuity administration solution that is able to be deployed as a key component of a carrier’s digital transformation strategy. The LIDP SaaS option offers carriers of all sizes the ability to modernize back office core systems, enter new markets, and introduce new and innovative products.

The capabilities offered with Titanium enable the system’s quick implementation and easy path to digital initiatives, an issue on the top of the priority list of most carriers today as they strive to provide a high-touch and exemplary customer experience.

“As our industry moves to a new generation of digital insurance shopping, purchasing and processing, we see our SaaS option as an ideal approach for carriers looking to easily and affordably leverage modern technology for back office operations, while they focus more time and effort on the front-end customer interaction, sales, and support,” says Kimberly Duke, LIDP’s CMO and director of sales. “The SaaS option also creates great opportunity for LIDP, giving us a strong solution to expand our footprint in all segments of the life, annuity, and health administration markets—from the smallest carriers to tier one.”

LIDP’s new licensing option introduced with the SaaS offering gives insurance carriers a low risk, monthly license option based on policy counts. Additionally, Titanium SaaS clients have access to new releases as well as an option to bring the system on premise under guaranteed terms. LIDP still continues to offer its standard perpetual licensing option.

Just like the on premise implementation, the SaaS deployed version of LIDP’s Titanium policy administration system is able to process all life, health, annuity products, including: fixed, variable, equity indexed, traditional, non-traditional, individual, and worksite on a single system. Titanium is built entirely on Java Enterprise Edition (JEE) offering the stability, portability and scalability to power carriers, all with the benefits of LIDP’s 35 years of functionality development and experience invested in its original The Administrator solution.

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