We recently announced the acquisition of our long-time partner, Life Product Solutions (LPS) Group, to accelerate the delivery of Zahara by Zinnia, our system of record software, and speed to market with Open Insurance Experiences for our clients. Zinnia and LPS Group have been working together for more than 16 years, making this acquisition a natural next step in our partnership.
We wanted to take this opportunity to introduce them and welcome them to the Zinnia team.
Founded in 2000, LPS Group addresses software development needs such as design, implementation, testing, and support of products to revolutionize the way information is managed, processed, and delivered. LPS Group uses in-force and illustrations to enhance client outcomes, creating a calculation engine that has led the industry for years.
The addition of LPS Group enhances the implementation of Zahara through LPS Group’s life insurance calculations engine and enables Zinnia customers to develop and launch life and annuity products more quickly. Michele Trogni, Zinnia CEO & Chair, noted:
“LPS Group’s specialized software development capabilities, deep industry experience, and proven track record enable us to continue launching products across the life and annuity lifecycle, further demonstrating our mission of taking complexity and friction out of the experience for our clients and their customers.”
LPS Group specializes in product engines, calculation components, and comprehensive illustration and proposal systems. Its Partners each have more than 25 years of experience in the software industry and deep domain expertise in the insurance industry, working closely with many insurance companies in the US and abroad.
Alina Perez, CEO of LPS Group, commenting on synergies with Zinnia, noted:
“Zinnia shares our goal of leveraging technology to make products more accessible and affordable while creating a seamless end-to-end experience for customers. Together, we’ll continue to create a frictionless, innovative, and transparent experience to enhance how consumers experience Life Insurance and Annuities.”
Both Zinnia and LPS Group have deep insurance industry expertise, innovative technology, and great people. We also have a great track record of working together, one that will only improve as we move forward as one company. Welcome, LPS Group!
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