Sold by: Mphasis
LIDA is a single-tenant solution, where the agent (working for the insurance company) will be administering activities pertaining to a specific North American L&A Carrier. The solution is neutral for any North American L&A carrier, with available customizations to the UI and functions based on agent requirements. Life and Annuity Products will be administered, illustrated, and sold in LIDA. L&A Advisor (Agent) will be the user of this solution which will enable the agent to review quote information, understand on the leads / prospects / client, associated quote and policy details, review financial graphs, illustrate a policy & fill e-applications. The solution will also support renewal of policies, commission view, client workspace and reports.
Overview
The insurance industry finds itself facing a new era as ground-breaking technologies create new opportunities for growth and transformation. These technologies combined with the increasing needs of digital customers present insurers with numerous challenges and Mphasis Life Insurance Digital Agency (LIDA) addresses the below key points
- Secured Access for Agents
- Clear CTAs and Primary navigation menu with critical information
- Links and access to resources and tools to expedite decision making
- Alerts for important events that need to be actioned upon and Role defined Workflows
- Quote Management through digital agency solution
- LIDA Solution supports Life and Annuities business specific to North America Region – with data model designed to accommodate other regions & lines of business as a part of future implementations.
- L&A Advisor (Agent) will be the user who has the capability to retrieve illustrations (quote analysis), L&A Products, L&A policies & coverages, underwriting decisions on prospects / policies, Agents Incentives and Commissions details, Claims details, etc. which are part of the core PAS interfaced to the solution
- Perform as many agent specific transactions with as few keystrokes as possible – The current solution (Phase-1) will have Login. Agent Dashboard, Policy Illustration and e-Application.Flexibility for supporting electronic delivery of documents
F2B View of LIDA:
- Engagement Layer -- eAPP, illustrations, Agent Analytics like Policies, Agent commissions & Incentives,Claim Insights etc
- Intelligent Layer -- User Authentication, Security, Quote generation, Rate engines, etc
- Core Systems -- Policy Admin, Agent Management ,Rating & Billing, Claims, Underwriting
Features of LIDA :
- User Management & Authentication
- Module Driven approach for commission and Incentive calculations
- Dashboard Representation of Agent , Policy Information, claims, Incentives and Commission reports
- Sales Tools (Quote Generation)
Highlights
- Secured, cloud-based offerings and Focus on data visualization and data intelligence
- LIDA Portal hosted in AWS will showcase powerful user interfaces with Dashboards views for New Sales, Renewals, Commissions, Quote Generation, Policy Details & Reporting
- Access to digital and customizable product marketing materials will help new agents to get access to training materials and other Sales contents
Details
Pricing
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Pricing is based on your specific requirements and eligibility. To get a custom quote for your needs, request a private offer.
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