Below are just a few examples of how LIS has helped our clients expand business opportunities while reducing fixed costs:
A Tier 1, multi-national life
insurer selected Liberty Insurance Services Corporation as its
administrative partner in the introduction of variable universal
life insurance products. LIS developed a customized system for
complete administration of a new domestic product portfolio,
including a full compliment of ongoing services such as underwriting,
policy holder service, claims management and financial accounting.
As a result, LIS successfully facilitated our client’s
entry into the variable universal life market in less than
nine months.
A global life insurer needed to simplify its IT infrastructure by consolidating multiple companies operating on multiple administrative systems. LIS successfully converted five different legacy systems to a single platform and established a comprehensive back-office outsourcing solution. The project produced
a savings of two million dollars annually in IT & administrative expenses. In addition, it allowed our client to redirect resources to focus on distribution and other strategic issues.
A leading multi-line insurer needed to integrate non-core operations inherited as a result of a strategic acquisition. LIS assumed day-to-day management of two life insurance companies and seamlessly transitioned operations to our Greenville service center. This eliminated the client’s need to absorb non-core operations,
saving millions of dollars in infrastructure investment.
