IDP

Technology services provider for the P&C insurance industry, delivering cloud-based policy administration, claims management, and bureau reporting solutions.

Core Administration Established Acquired

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Overview

Insurance Data Processing (IDP) is a core administration technology provider serving property and casualty insurance carriers, residual market plans, and program administrators. Based in Philadelphia, PA, and operational since 1949, the company focuses exclusively on the P&C segment, offering integrated software systems for policy issuance, claims processing, billing, and regulatory bureau reporting.

The company delivers cloud-based platforms covering the full policy lifecycle, from rating and binding through claims settlement and bureau reporting. Its COMPASS Business Intelligence platform adds data analytics capabilities on top of the core operational systems. IDP also provides information protection services to safeguard sensitive policyholder data.

In February 2025, IDP was acquired by Martin & Company, a consulting and technology firm serving insurance carriers and MGAs. IDP continues to operate as a subsidiary, maintaining its focus on small to mid-sized P&C carriers and program administrators who require integrated, bureau-compliant systems.

Products & Services

Policy Administration System

Cloud-based platform for rating, quoting, and binding, enabling P&C carriers and program administrators to manage policy issuance and administration.

Key Features

Rate, quote, and bind functionality
Policy lifecycle management
Integration with bureau reporting systems

Target Users: P&C carriers, program administrators, residual market plans

Claims Management System

Integrated claims processing and management tools designed to support the full claims lifecycle for P&C insurers.

Key Features

Claims intake and assignment
Claims lifecycle tracking
Integration with policy administration data

Target Users: P&C carriers, TPAs

Billing System

Billing and payment processing solutions integrated with policy administration for insurance carriers.

Key Features

Premium billing and collection
Payment processing
Integration with policy and claims modules

Target Users: P&C carriers, program administrators

Bureau Reporting Platform

Comprehensive bureau reporting service that submits data to all major statistical bureaus across all P&C lines of business in every state.

Key Features

Reporting to all major bureaus (NCCI, ISO, independent bureaus)
Coverage for all P&C lines and all states
Regulatory compliance support

Target Users: P&C carriers, residual market plans, program administrators

COMPASS Business Intelligence Platform

Cloud-based analytics and business intelligence platform providing data analytics and reporting specific to insurance carrier operations.

Key Features

Carrier-specific dashboards and reporting
Data analytics tools
Cloud-based delivery

Target Users: P&C carriers, program administrators

Information Protection Services

Data security and information protection services for sensitive insurance and policyholder data.

Key Features

Data security management
Information protection for insurance records
Compliance support

Target Users: P&C carriers, program administrators

At a Glance

Founded: 1949
Headquarters: Philadelphia, PA
Employees: 51-200
Funding: Acquired

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Management Billing Bureau Reporting Business Intelligence
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S Workers Compensation
Target Customers: Carriers, MGAs/MGUs, TPAs