First-of-Its-Kind Digital Platform to Transform Carriers’ Ability to Go to Market with New Products

 

TOPEKA, KS – SEPTEMBER 20, 2017 SE2, a leading third-party administrator for the North American life insurance and annuity industry, announced the introduction of the first digital solution as a service or SaaS, named SE2 Digital Direct Life, for the life insurance sector, at its 8th Annual Partnership Forum.  SE2 Digital Direct Life’s innovative structure will transform the way life carriers acquire mid-market and millennial customers.

 

The Partnership Forum, held September 17-19 in Washington, DC, under the theme of “Future-Proof: From Here to Digital,” was attended by industry leaders, analysts and futurists participating as conference speakers or panelists. 

 

As digital capabilities are dramatically changing the way life insurers are navigating their businesses and interacting with their customers, insurance carriers are facing the challenges of embracing these opportunities.  To help insurance carriers be at the forefront of these digital developments, SE2 has accelerated this process with the advent of SE2 Digital Direct Life.

 

“The introduction of SE2 Digital Direct Life will revolutionize life insurers’ ability to go to market rapidly, dramatically improving customer experiences,” said Gautam Thakkar, CEO, SE2.  “As insurers continue to tackle both challenges and opportunities with respect to the digital evolution, SE2 is helping clients future-proof their businesses and navigate this transformation.”

 

SE2 Digital Direct Life is built on SE2’s proprietary Aurum Platform, which features a plug and play, open architecture that offers customers the flexibility to integrate with its systems as well as external data sources using industry standard protocols.  It is seamlessly integrated from start-to-finish, enabling go-to-market timing with minimal development, testing or training and is tested and proven to speed customer acquisition.  SE2 Digital Direct Life offers a pre-integrated solution with underwriting capabilities combining an ecosystem of leading-edge specialized organizations across the value chain.

 

“We have dramatically altered the playing field for life insurers through SE2 Digital Direct Life,” stated Vinod Kachroo, Chief Information Officer, SE2.  “This digital platform offers multiple benefits, including an automated customer acquisition process, a rapid application, approval and underwriting to policy sequence, the ability to efficiently enter a new segment, and market in the shortest possible time while mitigating critical risks and costs. Carriers now have an integrated platform and process to delight its customers in an increasingly digital environment.”

 

About SE2
SE2 is a leading technology and third party administration company focused on the North American life and annuity insurance industry. SE2 has an unmatched track record in optimizing back-office operations to future-proof insurance companies. SE2 combines peerless industry domain knowledge with a leading-edge administration technology platform to help clients launch products rapidly, improve efficiencies, shift to a variable cost model and maximize profits while dramatically improving the customers’ experience. SE2 supports more than 20 direct clients, represents more than 35 carriers in North America and services more than 1,000 life and annuity products. SE2 has approximately $100 billion in assets under administration and has been recognized as an industry-leading innovator. In May 2017, SE2 was recognized as one of the “20 Most Promising Insurance Technology Solution Providers” by CIOReview. Visit SE2 at www.SE2.com or at LinkedIn to learn more.

 

About SE2’s Partnership Forum
SE2’s Partnership Forum is the company’s annual customer conference where a broad audience of over 100 life and annuity insurance executives, senior business and IT leaders, industry analysts, thought leaders, and key partners collaborate in strategic discussions, share innovation concepts, listen to thought provoking presentations, network, and hear insights on how SE2 is transforming itself to achieve scalability, predictability and agility to power their success today and into the future.

 

Contacts:

For SE2:

Portland Communications

Rob Shapiro, 212-415-3360

rob.shapiro@portland-communications.com 

 

TOPEKA, KS, AUGUST 13, 2017 – SE2, a leading technology and third party administration (TPA) company for Life and Annuity (L&A) insurance industry, has been cited by Gartner as an “Industry Visionary” in its Competitive Landscape: IT Services Providers to the Global Insurance Industry report.  

 

The Vertical Strategy Framework for an “Industry Visionary” in the report included several factors such as influencing industry requirements, targeting the right decision makers, leads and/or creates vertical ecosystem and selling business outcomes based on industry role and metrics. 

 

“We are pleased to be listed as an Industry Visionary by Gartner,” said Gautam Thakkar, SE2 CEO.  “We believe it is a validation of our role in helping our clients’ navigate and stay ahead in a rapidly changing marketplace.  SE2 is continuously looking at innovative ways to future-proof our clients’ business and give them a greater competitive advantage.  At the same time, we are investing significant capital in our Aurum technology platform to enable our clients’ journey to being a digital insurer.” 

 

According to Gartner, The Competitive Landscape: IT Services Providers to the Global Insurance Industry report “provides technology business unit leaders in IT services providers serving the insurance market with an overview of the current competitive situation in the global insurance market, and identifies the critical requirements to compete in the next three years.”  

 

SE2 has been experiencing tremendous growth and has expanded its offices to Bridgewater New Jersey, Dallas Texas and Waterford in Ireland in the past year. 

 

SE2 uniquely combines purpose-built, reliable, end-to-end operation services with SE2 Aurum, the most advanced and end to end digital technology platform for life and annuity insurance, to enable rapid expansion into new market segments, faster new product launches and seamless servicing of open and closed blocks of business. Aurum’s future-proof technology, continuously improved to drive greater efficiencies, lower costs and higher levels of customer satisfaction, enables digital insurers to be one step ahead of the competition. 

 

For more information about SE2’s offerings, see https://se2.com/what-we-do/.  For details about SE2’s unique approach, visit https://se2.com/how-we-do-it/. Gartner clients can access the report on gartner.com.

 

Gartner, Inc., Competitive Landscape: IT Services Providers to the Global Insurance Industry, Derry N. Finkeldey, August 08, 2017. 

 

Notes:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

About SE2
SE2 is a leading technology and third party administration company focused on the North American life and annuity insurance industry. SE2 has an unmatched track record in optimizing back-office operations to future-proof insurance companies. SE2 combines peerless industry domain knowledge with a leading-edge administration technology platform to help clients launch products rapidly, improve efficiencies, shift to a variable cost model and maximize profits while dramatically improving the customers’ experience. SE2 supports more than 20 direct clients, represents more than 35 carriers in North America and services more than 1,000 life and annuity products. SE2 has approximately $100 billion in assets under administration and has been recognized as an industry-leading innovator. In May 2017, SE2 was recognized as one of the “20 Most Promising Insurance Technology Solution Providers” by CIOReview. Visit SE2 at www.SE2.com or at LinkedIn to learn more.





SE2’s got you covered

 

We offer you a full spectrum of integrated, end-to-end services and operational support you need to help you manage risk, save time and reduce costs.

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– future-proofing life insurance companies through digital transformation services –

 

TOPEKA, KS. – September 5, 2017 – SE2, a leading technology and third party administration company focused on the North American life and annuity insurance industry, has been named a winner by Wealth & Finance International in its 2017 Fintech awards for “Digital Financial Communications.”

 

The prestigious 2017 FinTech Awards named by Wealth & Finance International in partnership with Acquisition International showcases exceptional firms achieving true excellence in the dynamic FinTech sector.

 

“SE2 is proud to be recognized by Wealth and Finance International,” said Ashish Jha, CMO, SE2. “As a recognized leader in the Life and Annuity Insurance technology and third party administration services space, our focus on future-proofing life insurers by harnessing cutting edge digital technologies into the SE2 Aurum platform, is being recognized across the industry.”

 

About Wealth & Finance International

Wealth & Finance International is a monthly publication dedicated to delivering high quality informative and up-to-the-minute global business content. It is published by AI Global Media Ltd, a publishing house that has reinvigorated corporate finance news and reporting.

 

About SE2
SE2 is a leading technology and third party administration company focused on the North American life and annuity insurance industry. SE2 has an unmatched track record in optimizing back-office operations to future-proof insurance companies. SE2 combines peerless industry domain knowledge with a leading-edge administration technology platform to help clients launch products rapidly, improve efficiencies, shift to a variable cost model and maximize profits while dramatically improving the customers’ experience. SE2 supports more than 20 direct clients, represents more than 35 carriers in North America and services more than 1,000 life and annuity products. SE2 has approximately $100 billion in assets under administration and has been recognized as an industry-leading innovator. In May 2017, SE2 was recognized as one of the “20 Most Promising Insurance Technology Solution Providers” by CIOReview. Visit SE2 at www.SE2.com to learn more.

 

SE2’s got you covered

 

We offer you a full spectrum of integrated, end-to-end services and operational support you need to help you manage risk, save time and reduce costs.

Find Out More