Life Insurance Digital Agency (LIDA)

LIDA’s architecture comes with 3 distinct layers for engagement, intelligence and systems interface.

• The engagement layer houses e-applications and time-sensitive analytics, covering policies, claims, commissions and incentives
• The Intelligence layer powers regulation of roles, security, rate-engine, quote generation and interfacing with business systems
• The system interface layer seamlessly engages with core functions such as policy administration, agent management, rating, billing, claims and underwriting

LIDA’s efficient and unified data model (UDM) allows the integration of the Policy Admin System with other functions within the carrier’s ecosystem. It is based on an event-driven continuous flow of events that synchronizes states across all systems — and is designed for extensibility, flexibility, and security. It operates on a role-based access model with delegated administration rights

• Generate quotes and estimate policy costs in a simplified manner with a structured framework, and flexibly integrate them into their carrier’s systems
• Compute premiums, commissions, and incentives for various timelines like upcoming, annual and lifetime payouts
• Have access to digital and customizable product marketing materials, and training and sales content
  
  

As an insurance agency management system that supports the entire insurance lifecycle, LIDA provides insurers and agents a comprehensive dashboard view and data visualization of the status of policies, quotes, claims, premiums, notifications, incentives, and commissions — plus, a holistic summary of quote statuses and policy details.

Agents can also personalize the menu and widgets featured on their dashboard for better insights-driven actions.

LIDA has been built on firm pillars of a well-architected framework, with the highest standards of security.