payments<\/a> for life and annuity carriers.<\/p>\nLIDP, a provider of policy and contract administration solutions for life and annuity carriers, has helped insurers modernise legacy systems with Titanium, its configurable administration platform supporting thousands of products out of the box. By embedding PremiumPay\u00ae from One Inc., a specialist in digital payment solutions for the insurance sector, LIDP extends its focus on enabling end-to-end digital transformation across the policy lifecycle, from product setup and underwriting to billing and payments.<\/p>\n
One Inc\u2019s PremiumPay\u00ae solution enables carriers to streamline inbound premium collections through a unified, secure payment experience. Policyholders gain the freedom to pay premiums through consumer channels, including Apple Pay, Google Pay, PayPal, Venmo, alongside traditional options such as checks, major credit and debit cards, and ACH transfers. This enhanced flexibility helps carriers meet evolving customer expectations for convenience, transparency, and digital-first engagement.<\/p>\n
Kimberly Duke, Chief Marketing Officer and Senior Vice President of Growth at LIDP,<\/strong> said, \u201cAs the life insurance industry continues to evolve, modern payment experiences are no longer optional. they\u2019re expected. Partnering with One Inc and adopting PremiumPay\u00ae reinforces our dedication to helping carriers deliver a best-in-class, customer-centric experience. Together, we\u2019re addressing the unique challenges of the life insurance market while future-proofing operations for sustainable growth.\u201d<\/p>\nIan Drysdale, Chief Executive Officer of One Inc.,<\/strong> said, \u201cOur collaboration with LIDP is built on a shared vision to transform how insurers connect with policyholders in a digital-first world. By integrating our secure, innovative payment technology with LIDP\u2019s modern policy administration platform, we\u2019re helping carriers reduce friction, improve operational efficiency, and strengthen policyholder trust and loyalty. This is a significant step toward reshaping the future of life insurance payments.\u201d<\/p>\nThe integration of PremiumPay\u00ae positions LIDP\u2019s carrier clients to respond rapidly to shifting market dynamics, regulatory expectations, and customer demands, all while delivering an elevated, frictionless payment experience that aligns with today\u2019s digital lifestyles.<\/p>\n","protected":false},"author":35851,"featured_media":568885,"parent":0,"template":"","categories":[11395,11381,41779,42764,11384,11372],"tags":[12663,11868,12830,11438,50259,41194,12801,20128,50260],"class_list":["post-568884","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-artificial-intelligence","category-banktech","category-digital-payments","category-payments","category-risktech","tag-ai","tag-america","tag-banktech","tag-digital-payments","tag-lidp","tag-one-inc","tag-payments","tag-paytech","tag-premiumpay"],"acf":[],"yoast_head":"\n
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