WOODRIDGE, Ill.--(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 its The Administrator – Titanium Edition (Titanium) has been selected by WoodmenLife,® a not-for-profit provider of quality life insurance and retirement products .
WoodmenLife will deploy Titanium to replace and consolidate its legacy administration systems. LIDP’s modern technology and strong product processing capabilities will process all WoodmenLife life and annuity lines of business and enable the organization’s complete digitalization.
In addition to determining the LIDP Titanium platform offering was the best fit solution, WoodmenLife also recognized and appreciated LIDP’s partnership approach and are confident in LIDP’s commitment to the implementation’s success, including conversion. Choosing Titanium as a strategic platform for its current and future business, WoodmenLife sees the opportunity to upgrade its back-office operation with a clear path to complete digital transformation, including extending access to consumers and producers.
Key to the selection of Titanium was a successful proof of concept that entailed processing WoodmenLife’s most complex universal life product, which positions them for a full transformation of all products to Titanium.
Jerry Smolinski, Vice President Business Technology with WoodmenLife, commented, “We believe LIDP’s Titanium is the ideal solution for our needs today, but more importantly as a strategic platform to upgrade our operation and enable our digital future. We were very impressed with the system’s ability to handle our unique universal life product, which was challenging to find a suitable solution in the marketplace.”
Denise McCauley, WoodmenLife’s Executive Vice President of Operations added, “Not only was the system a good fit for us, but the commitment and expertise of the LIDP staff was also key. We were making a long-term decision and wanted to be sure we selected a technology partner who knew our business and would be there with us every step of the way.”
Additional anticipated benefits from WoodmenLife’s deployment of LIDP’s Titanium include:
- Provide key growth capabilities, such as real-time updates and support for customer self-service necessary to meet evolving customer expectations
- Support for an updated platform that aligns with the organization’s technology strategy
“We are thrilled to add WoodmenLife to our growing family of users,” said Bill Schnittker, President, LIDP. “We take pride in our Titanium solution as well as the skill and knowledge of our staff. We worked very closely with the WoodmenLife team throughout the proof of concept, giving us the opportunity to become more familiar with their business, needs, and preferences. That experience will go a long way as our joint team works through the conversion and implementation.”
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. Designed for implementation and integration simplicity, Titanium is built entirely on Java Enterprise Edition (JEE) offering the stability, portability and scalability to power the smallest to the largest carriers, all with the benefits of LIDP’s 30 years of functionality development and experience invested in its original The Administrator solution.
About WoodmenLife
WoodmenLife was founded in 1890 as a not-for-profit. We give back to our member customers and the communities we live in. Today, WoodmenLife offers quality life insurance and retirement products. More than 700,000 WoodmenLife member customers across the country share a commitment to family, community and country. To learn more about WoodmenLife, visit woodmen.org.
About LIDP
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 is able to boast 100% implementation success and no client litigation in its long history. For additional information, call LIDP at 630.829.7100 or visit www.lidp.com.
