TOPEKA, KS, OCTOBER 8, 2018 – SE2, a leading technology and third-party administration (TPA) company for the North American Life and Annuity (L&A) Insurance Industry, announced that it has been profiled in a report published by Novarica, a leading insurance research, advisory and strategic consulting firm.  

The 2018 Novarica Market Navigator BPO-BPaaS report, a review of BPO (Business Process Outsourcing) and BPaaS (Business Process as a Service) Providers for life insurance and annuity insurers, provides an overview of 12 BPO-BPaaS providers to North American life and annuity insurers, of which SE2 is included.  The Novarica Market Navigator report includes information collected from service providers using a proprietary Novarica RFI that was designed to allow insurer CIOs and their teams to quickly familiarize themselves with each provider’s organization, market position, client base, and areas of service.

“We are proud to be recognized by Novarica for our capabilities across the entire life and annuity insurance operations spectrum in its 2018 report,’ said Ashish Jha, SE2’s CMO.  “As a recognized leader in the Life and Annuity Insurance administration services space, we continue to future-proof our clients’ businesses in an era of rapidly evolving customer expectations and technology transformations.”  

“The BPO/BPaaS market is large and continuing to grow, particularly given the steady march forward of both technology tools and channel touchpoints,” said Keith Raymond, Vice President of Research and Consulting, and co-author of the report. “The report includes SE2 and is designed to allow insurer CIOs and their teams to quickly familiarize themselves with each provider’s organization, market position, client base, and areas of service. In a rapidly changing insurance marketplace, with a range of high-priority initiatives that can quickly be reshuffled based on both market demands and regulatory requirements, being positioned to apply the right resources at the right time is a crucial skill set for any insurance carrier.”

The report was authored by Keith Raymond, Vice President of Research and Consulting; Jim Klotz, Vice President of Research and Consulting.

To obtain a copy of the 2018 Novarica Market Navigator BPO-BPaaS report click here.

About SE2

SE2, an Eldridge Industries portfolio company, 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. Visit SE2 at www.SE2.com or at LinkedIn to learn more.

 

About Eldridge Industries

Eldridge Industries (“Eldridge”) is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. http://www.eldridge.com/

 

About Novarica

Novarica helps more than 100 insurers make better decisions about technology projects and strategy through retained advisory services, published research, and strategy consulting. Its knowledge base covers trends, benchmarks, best practices, case studies, and vendor solutions. Leveraging the expertise of its senior team and of more than 300 CIO Research Council members, Novarica provides clients with the ability to make faster, better, more informed decisions. Its consulting services focus on vendor selection, custom benchmarking, project checkpoints, and IT strategy. More information at www.novarica.com.