First Guaranty Selects The Administrator From LIDP

First Guaranty Insurance Company Licenses LIDP’s The Administrator.

LIDP Consulting, Inc., today announced that First Guaranty Insurance Company (FGIC), based in Ashdown, Arkansas, has signed a license agreement for the use of The Administrator, LIDP’s policy administration and channel management solution. 

FGIC selected LIDP and The Administrator for its product, commission and SOA/Web Service processing capabilities.  FGIC plans to use The Administrator to administer their complete product portfolio, including life and annuity products.  They also plan to improve their web presence, by deploying web portals, through the use of the LIDP SOA/Web Service architecture.

LIDP’s The Administrator provides policy administration, channel management, commissions and claims processing functionality.  The Administrator is a 100% SOA enabled, 24x7 solution for all individual, group, fixed, variable, equity indexed, annuity, life and health products.

Kirk Babb, President of FGIC said, “Our two-year search for a new policy administration system ended once LIDP presented The Administrator.  We absolutely required an affordable, flexible and robust system that enables us to improve on our already strong customer service, grow in our existing channel and quickly push new products to market.  LIDP’s level of in-house knowledge and commitment to The Administrator shows and that makes us very comfortable with what is undoubtedly one of the most important decisions an insurance carrier can make.”

“LIDP is excited to be working with First Guaranty,” said Andy Ottens, LIDP’s Vice President of Client Services.  “Their goals of getting new products out, improving distribution channel service, and providing web access mesh well with the direction that LIDP has taken over the last few years.”

About First Guaranty Insurance Company

First Guaranty Insurance Company, located in Ashdown, Arkansas has been providing quality life insurance and annuity products for 50 years.  FGIC prides itself on providing personal, attentive service through its home office and network of independent agents in the South-Central United States.

About LIDP Consulting, Inc.

LIDP Consulting, Inc. has provided software and consulting services to the life, health and annuity industry for 30 years. LIDP specializes in comprehensive administration solutions and legacy system consolidation.

Contact:

Andy Strevell
LIDP Consulting, Inc.
630-829-7041
email: [email protected]
http://www.lidp.com