WOODRIDGE, Ill., Aug 22, 2017 (BUSINESS WIRE) -- LIDP Consulting Services (LIDP), a provider of innovative and proven software solutions and related services designed specifically for the life, annuity and health insurance markets, today announced the Kemper Home Service Companies, a group of companies which comprises one of the top 100 life insurance companies in the United States and is part of Kemper Corporation, is now in production with LIDP’s The Administrator solution.
The project included the conversion of nearly 5 million contracts from the company’s legacy system to the LIDP platform in a single conversion cycle. The product mix included traditional life, interest sensitive life, and other products. With the LIDP solution now in production, the Kemper Home Service Companies are now better able to take advantage of the modern technology, real-time processing, relational databases, flexibility, and depth and breadth of functionality provided with the LIDP system running on IBM’s AIX.
According to Mike Plazony, President of the Kemper Home Service Companies, “This project with LIDP was key to our goal of transforming and modernizing our operation to best serve our customers and create an environment of continuous improvement. Effectively using modern technologies to ensure operational efficiency and introduce new products to market quickly is a significant part of our long term strategic goals.”
The Kemper Home Service Companies’ Senior Vice President of Information Technology Greg Olds added, “Working closely with the LIDP team on the initial proof of concept combined with developing and executing a well-planned implementation enabled this successful effort. Conversions are never easy, especially for life insurance contracts, so this successful conversion required a tremendous effort by our joint team and resulted in a big win for us.”
“We congratulate the Kemper Home Service Companies on the successful conversion. We appreciate the confidence in LIDP’s solution, technology, and especially the knowledge and skill of our team,” said LIDP’s CEO Bill Schnittker. “This conversion effort was not for the faint of heart, but our respective teams were able to work as one with a common goal to meet and exceed the Kemper Home Service Companies’ goals. I thank everyone for their dedication and hard work.”
LIDP’s policy administration system is a comprehensive, client-oriented, 100% online, real-time new business and contract administration system. The system processes all fixed, variable, traditional and non-traditional life, health and annuity insurance products, leveraging LIDP’s 35 years of functionality development and experience.
The Kemper family of companies is one of the nation’s leading insurers. With $8 billion in assets, Kemper is improving the world of insurance by offering personalized solutions for individuals, families and businesses. Kemper's businesses collectively:
Learn more about Kemper.
Since 1979, LIDP has been providing innovative and proven software solutions and related services designed specifically for the life, annuity and health insurance industry. Today, over 80% of LIDP's staff is dedicated to the continued development and support of LIDP solutions. The company’s performance record and reputation illustrates its focus on and commitment to high quality and customer satisfaction. LIDP has an unblemished record in meeting customers’ expectations with no client litigation in its long history. For additional information, call LIDP at 630.829.7100 or visit www.lidp.com.