Third party administration of closed blocks

Third Party Administration

 

Achieve more efficient and effective cost structures on your closed blocks

 

SE2 provides closed block solutions matched to your strategy and goals. We support rebadging, conversions and lift & shift, helping you minimize risk and cost while increasing speed and efficiency. You can free up scarce business and technical resources to focus on the business opportunities that will drive growth.

Our proven approach and track record of success have made SE2 the insurance industry’s first choice for TPA of closed blocks. The same thinking and innovation fuels our approach to lift, shift and improve. The result is a continuous improvement and modernization of operations that delivers great service, value and cost benefits over time. We apply these values to your people as well: SE2 collaborates with you to ensure a smooth transfer, minimize lay-offs and offer good jobs to members of your team.

Per policy costs typically increase as closed blocks decline — it’s an artifact of legacy systems and fixed cost environments. Yet with SE2, you can shift the value curve, changing the economics of your closed block business. You realize a lower unit administration cost and enjoy variable costs, while reaping the benefits of a business transformation program.

We’ve worked with some of the top brands in the insurance industry to retire more than 25 legacy platforms and execute 30 successful conversion projects — each one flawlessly. One of the reasons for this success is that we don’t just convert data, we reconstruct the products and entire policy history. Another reason is that we mirror the complete operations of traditional life and annuity carriers in order to achieve greater efficiency and lower cost.

SE2 Unique Conversion Methodology – A Reconstruction Approach

 



 

Find out how we can help you.
Contact SE2 at 800.747.3940 or by email at info@SE2.com.



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