Life and annuity insurance technology and service provider SE2, LLC, continued an upward trajectory in 2013, operating at the forefront of the transformative trend supporting the value third-party administrator relationships can bring to carriers launching new products.

SE2 more than doubled its 2012 volume of new business activity by processing over 108,000 new business applications, representing $9 billion in annuity premiums for eight carriers. Taken as a whole, that volume would place SE2 among the top five insurance carriers in North America. The firm projects more than 150,000 new business applications in 2014.

Demand for annuity products continues to rise steadily, and carriers are responding with innovative products. But many of them are constrained in their ability to launch those products. They are limited by IT project backlogs and legacy technology environments that aren’t configured to support the new business models. “What SE2 can do,” says CEO Dave Keith, “is give carriers a strategic alternative to building out their own infrastructure. Our state-of-the-art, nimble platform can help them launch new products in record time – at a reasonable price – allowing them to be among the first to market with their innovative offerings.”

SE2 client Rob Arena, Annuity Division President with Forethought Life Insurance Company agrees, underscoring this trend based on Forethought’s experience and vision for the future. “The flexibility gained through our relationship with SE2 is critical to Forethought’s business model. Their ability to build and launch highly tailored annuity products was unique.” And that has changed the future for Forethought. “We can now count on getting products to market in a fraction of the time. This frees us to focus on our core business of driving deep distribution relationships and delivering innovative product solutions.”

Looking ahead to 2014 and beyond, Keith explains that SE2 will continue investing to support new business processing to make it easier and less expensive for clients to launch new products and do business with banks, wire houses, broker dealers and other distributors. “Ultimately,” says Keith, “SE2 is a differentiator – and an enabler for our clients. We are product agnostic and client centric. We are at the forefront of product trends and already heavily invested in the technology to deliver new products safely and securely. This allows us to offer tremendous flexibility and efficiencies, so our clients can stay focused on gaining market share.”