WOODRIDGE -- LIDP Consulting Services, a provider of software solutions and related services for the life, annuity and health insurance markets, said Pekin Life Insurance Co. is now using LIDP's The Administrator solution.
After completing six successful conversions, Pekin Life is now operating on a single system and is able to take advantage of LIDP's modern technology and operating environment for real time processing, improved productivity, enhanced document processing and customer communications, and overall better service for agents and insureds. Pekin Life has also been able to retire its legacy environment resulting in a reduction in operating costs.
The successful LIDP implementation is a result of Pekin Life's focus on looking to the future and to determine how to best leverage technology to modernize the operation and create a digital environment.
While Pekin Life currently has no specific LIDP expansion plans, the insurer is looking forward to capitalizing on the depth of functionality now available to them with the LIDP solution.
Pekin Life Insurance Company is an integral part of the Pekin Insurance® group of companies.