NEWS & EVENTS

Turnkey platform combines the best of both companies’ technology, offering unparalleled customer engagement and servicing functionality

TOPEKA, Kan., September 19, 2019 – SE2, an industry leader in providing technology driven third-party administration services, and Life.io, a leading customer engagement technology firm focused on the life insurance and annuity industry, today announced the launch of their integrated end-to-end digital enterprise life and annuity platform, SE2 Digital Engage. This state of the art platform leverages APIs from the SE2 Aurum® digital platform and seamlessly connects with the next generation front office and customer engagement solution from Life.io to provide carriers with an innovative solution to leapfrog into the digital era and successfully broaden and deepen customer engagement. This follows the announcement in May this year that SE2 took a majority stake in Life.io

SE2 Digital Engage enables carriers to reimagine the life insurance experience for distribution channels and consumers with an engagement model that incorporates wellness aspects and gamifies customer engagement to enable rapid launch of suitable products to target customers at the right time. The solution will readily integrate with external third-party data and allow insurers to quickly build products and amend processes to address the rapidly changing demands of an evolving customer base.

With state-of-the-art engagement capabilities, carriers and advisors will be better equipped to connect with their customers leading to improved sales conversion rates, higher customer satisfaction, and reduced lapse rates.

“The SE2 Digital Engage solution that combines the capabilities of SE2 and Life.io, along with the innovative SE2 Aurum® platform, will enable life carriers and annuity providers to improve and personalize touchpoints with customers and become an integral part of their life and wellness routine. It will also eliminate redundancies, attract and retain customers by offering a truly digital-age experience while providing the policy servicing experience their customers are demanding,” stated Vinod Kachroo, CIO, SE2. “Through leveraging APIs, the platform enables the managing of applications digitally from quote to issue and gives carriers a one-stop platform with all the information and dashboards to provide customers a next-generation experience throughout the policies lifecycle resulting in an easy, quick selling experience and greatly improving the customer experience.”

“As the life insurance industry continues to evolve, carriers are improving their sales and service offerings as their differentiator. To jumpstart their efforts, many companies are looking for a TPA partner that can provide the entire digital experience,” said Tom Scales, Head of Celent’s Life & Health Insurance, Americas. “While many companies are more comfortable doing it all themselves, we encourage carriers to look at available implementation approaches. Speed to market is critical.”

“Carriers and advisors need to increase their reach, efficiency, and impact,” said Jon Cooper, CEO, Life.io. “A digital engagement solution that establishes, nurtures, and grows customer relationships and delivers real-time actionable insights and next-best-action recommendations back to advisors and carriers, to help  them achieve this and meet the demands of today’s customers.”

 SE2 Digital Engage is built on the innovative SE2 Aurum® platform and Life.io Engage™ platform. SE2 Aurum® is the industry’s first end-to-end digital Insurance platform ecosystem. Conceived by insurers for insurers, SE2 Aurum® is the industry’s first multi-tenant, open-architecture platform. It provides insurance carriers with a rich, engaging, fully-digital environment that enables them to quickly launch new products, create cost efficiencies, and acquire new customers across all distribution channels. The highly configurable platform offers the flexibility to seamlessly integrate with external data sources and an extensive partner ecosystem. Life.io Engage is a state-of-the-art digital customer engagement platform that delivers a rewards-based, gamified experience across the entire client lifecycle. Both SE2 Aurum® and Life.io Engage will continue to be available as stand-alone platforms as well.

 About SE2

SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize the cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next-generation business operations. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

 About Life.io

Life.io, a leading customer engagement technology firm that helps companies educate, engage and reward their customers at every stage of the customer journey through a state-of-the-art digital experience. Life.io’s team of experts and world-renowned advisory board, incorporate behavioral economics, gamification and psychology to create highly engaging solutions for its clients. Learn more at Life.io.

About Eldridge Industries

Eldridge Industries invests across diversified businesses with a focus on Credit and Credit/Real Estate Hybrid; Insurance and Insurance Tech; Real Estate; Sports and Media; Convenient Food; and Technology. In particular, the firm seeks to build and grow businesses 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. To learn more about Eldridge please visit www.eldridge.com.

  • The Life and Annuities leading insurtech service provider’s annual spend to exceed $10 million in India
  • Currently employs 600 associates in Gurugram and Pune and aims to increase the headcount to more than 1,000 by 2020
  • Pune Technology and Innovation Center to accelerate the digital journey of SE2’s proprietary and awardwinning SE2 Aurum® technology platform

GURUGRAM, India, Aug. 14, 2019 (GLOBE NEWSWIRE) — SE2, a recognized industry leader providing technology-driven third-party administration services for many of the top U.S. life insurance and annuities companies, today announced the launch of its Technology and Innovation Center in Pune, India. Spanning 35,000 square feet of space, the Center will be responsible for comprehensive solutions in life and annuities platforms.

“SE2 is providing next-generation capabilities and a full spectrum of integrated, end-to-end digital operation services to life insurance companies in the U.S.,” said Vinod Kachroo, Chief Information Officer, SE2 LLC“As insurers continue to tackle both the challenges and opportunities for the digital evolution, SE2 is helping clients future-proof their businesses and navigate this transformation with a digital-first approach.”

SE2 India, headquartered out of Gurugram, started operations in March of 2019 and currently employs a team of 600 associates providing end-to-end service to SE2’s clients in the U.S.

“India will enable accelerating the digital journey of the SE2 AurumTM platform with Pune being an innovation hub,” said Chirag Buch, Managing Partner, SE2 India“Our centers in India further augment SE2’s ability to deliver end-to-end transformative solutions to our clients that includes technology implementation and seamless conversion from client platforms to SE2 Aurum® and for comprehensive business process operations.”

The SE2 Aurum® platform supports over 25 customers in the U.S. with over 1000 Life and Annuity products including traditional, variable, universal and interest-sensitive life as well as fixed, variable, indexed, and repetitive payout annuity products across every distribution channel including digital.

With Gurugram and Pune operations live, SE2 plans to increase its India headcount to over 1,000 employees by 2020 and doubling it over the next three years to support our growth plans.

“SE2 India operations will be an integral part of the company’s existing business operations. Our initial investments have been to the tune of $3.2 million with an annual spend of over $10 million in infrastructure, technology and facilities. We will continue to invest in people, processes and technology to remain ahead of the curve by at least a decade from the industry,” Buch added.

SE2 continues to be recognized by industry analyst firms as a company that is at the forefront of insurance innovation and has won many industry awards for transforming the operations of the life and annuity industry. Some of the recent recognitions include ranking number 34 by Training® magazine on its Training Top 125® list for 2019 and being named “One of the Top 20 Most Promising Insurance Technology Solution Providers” by CIO Review.

About SE2 Digital Service LLP, India

SE2 Digital Service LLP, India began operations in March 2019 with, approximately 500+ associates in Gurugram supporting Business Process Management for SE2’s top clients. The state of the art facility in Gurugram offers operational support to clients, and the Technology and Innovation Center in Pune provides the technology and innovative capabilities. The Indian operations is primed to provide full spectrum of services accelerating the Aurum platform, supporting conversion from the client legacy systems onto SE2 platform and providing operational support on an on-going basis, to transform the life and annuity insurance customer experience. With a highly collaborative work culture built on continuous collaboration, SE2 India offers a rich learning environment with significant training in technical and insurance products.

About SE2

SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize the cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next-generation business operations. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses 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. To learn more about Eldridge Industries please visit www.eldridge.com

For any media queries, please contact:
Disha Sharma, Kippis, disha.sharma@kippispr.com
Manish Bidwai, manish1306@gmail.com, +91-9373214089

TOPEKA, Kan. – August 13, 2019 – SE2, a recognized industry leader providing technology driven third-party administration services for many of the top life insurance companies in the US, today announced that it has been named a Gold Winner in the PR World Award® for Social Media Achievement of the Year.

B2B buyers today consult an ever-increasing array of digital channels and seek advice from advisors, peers and colleagues.  They have much greater access to information and all of this makes it challenging for suppliers to understand customer wants and needs, navigate the decision-making process, and ensure the right messages are heard.  SE2 has been harnessing the power of our combined employee networks to raise awareness and help tell our story in the market,” said Ashish Jha, CMO, SE2.   “We are honored and excited to have our efforts acknowledged with this recognition. Building our company’s brand and raising market awareness continues to be a strategic priority for SE2 as we continue to grow and scale our business.”

The coveted annual PR World Awards program encompasses the world’s best in recognizing In-house professionals and teams, and all agencies. Organizations from all over the world are eligible to submit nominations including public and private, for-profit and non-profit, largest to smallest and new start-ups.  Judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2019 award winners. Winners will be honored in San Francisco on Monday, October 28, 2019 during the annual SVUS Red Carpet Awards Ceremony Dinner in San Francisco attended by the finalists, winners, judges and industry peers.

To learn more about this award, visit PR World Awards.

About SE2

SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next generation business operations. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses 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. To learn more about Eldridge Industries please visit www.eldridge.com.

TOPEKA, Kan., August 5, 2019 – SE2, a recognized industry leader providing technology driven third-party administration services for many of the top life insurance companies in the US, has been profiled in Forrester’s report, Now Tech: Life Insurance Policy Administration Systems, Q2 2019.

“Insurance systems must meet the needs of evolving customer expectations as the demand for life insurance coverage takes a new, digital-first shape,” said Vinod Kachroo, SE2’s CIO. “In an era of rapid technological transformation and increased competition, SE2 Aurum is uniquely positioned to support insurance carriers as they seek to deliver next-generation digital experiences to their distributors and end-customers.”

In the Forrester report, SE2 is specifically cited as a “Large” vendor in the “Insurance Specialist” functionality segment. Insurance Specialists are noted in the report for specific capabilities and installed bases.

Conceived by a life insurer for life insurers and co-developed by technology and domain experts, SE2 Aurum is the industry’s first multi-tenant, open architecture platform and the core of SE2’s offering. SE2 Aurum offers insurance carriers a rich, engaging, fully digital environment that is flexible and agile enabling carriers to launch new products faster, optimize their back-office operations, create cost efficiencies, and acquire new customers through all distribution channels including a direct-to-consumer channel with a unique industry-leading digital model.

“The appetite for ‘instant issue’ coverage, digital self-service, the beneficiary experience, and aggressive competition is spurring interest in future-ready life insurance administration systems,” according to the report. SE2 believes that Aurum is enabling life and annuity carriers as they look for new ways to drive efficiencies and engage their policyholders throughout the customer journey.

As one of the world’s most influential research and advisory firms, Forrester publishes the report to provide insurance technology teams and their solutions partners with an overview of life insurance policy administration system (PAS) providers delivering the most value to the industry today. The report explores how to select a PAS provider based on size, functionality and a company’s specific customer and business priorities.

The full report, Now Tech: Life Insurance Policy Administration Systems, Q2 2019, can be found here (access requires subscription or payment).

Learn more about SE2 and the SE2 Aurum platform at www.SE2.com.

About SE2

SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize the cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next-generation business operations. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses 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. To learn more about Eldridge Industries please visit www.eldridge.com.

TOPEKA, KS, JUNE 26, 2019 SE2, a recognized industry leader providing technology driven third-party administration services for many of the top life insurance companies in the US, announced today it has been recognized by Insurance CIO Outlook as one of the “Top 10 Tech Solutions for Life Insurance” for 2019. The list recognizes organizations that significantly stand out as prominent players in the insurance technology arena.

“As insurers continue looking for new ways to engage with customers and digitize their business, SE2 is providing next-generation capabilities that propel life and annuity insurance carriers into the future,” said Vinod Kachroo, CIO of SE2. “Our digital platform enables carriers to streamline their operations and quickly launch new products that meet the demands of today’s insurance buyer. We are honored to have SE2 Aurum recognized as a top technology solution by Insurance CIO Outlook for our expertise in delivering a unique, robust digital experience to our customers.”

Insurance CIO Outlook recognized SE2 based on its approach to helping insurance firms transform and digitize their operations with the industry’s first end-to-end digital platform ecosystem, SE2 Aurum. Conceived by a life insurer for life insurers, SE2 Aurum is the industry’s first multi-tenant, open architecture platform and the core of SE2’s offering. It provides insurance carriers with a rich, engaging, fully-digital environment that enables them to quickly launch new products, optimize back-office operations, create cost efficiencies, and acquire new customers through all distribution channels including a direct-to-consumer channel with a unique industry-leading digital model.

“We are glad to recognize SE2 as one of the Top 10 Tech Solutions for Life Insurance – 2019,” said Pamela Morgan, Managing Editor of Insurance CIO Outlook. “With a focus on making it easier for life and annuity insurers to launch a direct-to-consumer life product, SE2 is setting a new benchmark in the insurance industry with its comprehensive and flexible digital platform and ecosystem.”

In order to help companies navigate through the best-breed insurance technology solutions, the Top 10 Tech Solutions for Life Insurance list was compiled by a distinguished panel comprised of CIOs, VCs, industry analysts and Insurance CIO Outlook’s editorial board. After careful consideration and evaluation, 10 organizations were selected for significantly standing out as some of the prominent players in the insurance technology arena for the year.

To learn more about SE2, visit www.se2.com.

About SE2

SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize the cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next-generation business operations. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses 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. To learn more about Eldridge Industries please visit www.eldridge.com.

New capabilities will allow SE2 and Life.io to further accelerate how insurance carriers personalize and gamify products for increased engagement

TOPEKA, Kan., – May 21, 2019 – SE2, a recognized industry leader providing technology driven third-party administration services for many of the top life insurance companies in the US, announced an increased investment in Life.io, a customer engagement technology platform focused on the life insurance and annuity industry. Headquartered in Princeton, NJ, Life.io engages existing and prospective customers through an interactive platform that rewards policyholders for taking steps to improve their physical, mental, and financial wellbeing through educational content, wearables and life event data. This investment will drive continued scalability and growth for Life.io as they launch the latest version of their white-labeled platform later this year.

SE2 and Life.io are both driving digital transformation in the industry and have been enabling some of the largest life and annuity insurance carriers in their development and launch of new and unique products and consumer loyalty programs into the market. Together, the digital capabilities of Life.io combined with SE2’s Aurum platform and comprehensive operation services will enable delivery of an engaging, frictionless, and personalized experience to policyholders.

“SE2 and Life.io’s collaborative focus on delivering customer centricity and technology will be a true asset to carriers looking for efficient and effective solutions in a landscape where consumer expectations for fast, easy, and fun digital experiences continue to increase,” stated Jon Cooper, CEO and Co-Founder of Life.io.

Founded in 2012, Life.io uses behavioral economics, social psychology, and personalized content to nurture a community of highly engaged consumers. Life.io has established partnerships with leading insurance companies across eight countries, including two of the top five largest international carriers.

“This expanded partnership will create comprehensive digital offerings new to the life and annuity insurance industry,” said Vinod Kachroo, CIO of SE2. “Life.io’s unwavering commitment to transforming the policyholder experience is a perfect match for SE2’s Life & Annuity Digital platform and our vision for driving innovation for the insurance industry. We’re excited about this next chapter.”

SE2 is now a majority owner in Life.io, which will continue to be led by its current management team. Terms of the transaction were not disclosed.

About SE2
SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize the cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next-generation business operations. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses 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. To learn more about Eldridge Industries please visit www.eldridge.com.

About Life.io

Life.io is a leading customer engagement solution bridging the gap between life carriers and their policyholders. By helping people achieve their goals, Life.io enables carriers to achieve their promise to help people live healthier, happier lives, while providing them with security and trust. Built on a foundation of science, Life.io uses behavioral economics, social psychology, and personalized content to nurture a community of highly engaged consumers. By utilizing Life.io, carriers capture these insights and use them to build brand loyalty, accelerate growth, minimize policy risk, and streamline underwriting.

TOPEKA, KS, MARCH 6, 2019SE2, a recognized leader and one of the most innovative technology and third-party administration companies focused on the Life and Annuity (L&A) insurance industry, announced today that Training® magazine, the leading business publication for learning and development professionals, has ranked SE2 number 34 on its Training Top 125® list for 2019.  The annual list ranks companies’ excellence in employer-sponsored training and development programs. 

“At SE2, we offer industry-leading training because it is essential to our teams’ successfully gaining industry expertise and taking a customer-centric approach to their respective roles within the organization,” said Janet Dulohery, Head of Human Resources at SE2. “We are delighted to be recognized for SE2’s commitment to learning and development and incredibly proud to be named in the top 50 companies for training in our very first year participating in this coveted ranking.”

As part of SE2’s commitment to learning and development, the company invests in developing talent using industry-leading content together with advanced technologies and next-generation practices in learning. The goal is to impact business outcomes measurably, directly, and positively through a learning program that is ongoing, timely and accessible.

“The 2019 Training Top 125 winners highlight the importance and value of training—to their organizations, to their employees, and to their industries and communities. They are on the leading edge as they effectively deliver employee training that pushes the needle forward to meet organizational goals while developing an engaged, creative, and committed workforce. Congratulations to these standout organizations for their stellar dedication to learning and employee growth,” according to Training magazine editor-in-chief Lorri Freifeld.

The Training Top 125 ranking is based on a variety of qualitative and quantitative factors, including: demonstrable Kirkpatrick Level 3 and 4 results, innovation, success factors, training strategically linked to business goals, corporate commitment to training, potential applicability of best practices companywide and to other organizations and industries, and the ingenuity of outstanding training initiatives and their potential to become best practices. The winners were revealed during the Training 2019 Conference & Expo in Orlando, Florida, on February 25.

A full list of this year’s winners can be found online here.

About Training magazine

Training is a 55-year-old professional development magazine written for training, Human Resources, and business management professionals in all industries that advocate training and workforce development as a business tool. Training also produces world-class conferences, expositions, and digital products that focus on job-related, employer-sponsored training and education in the working world. Training is published by Lakewood Media Group.

About SE2, LLC

SE2, an Eldridge Industries business, is a recognized leader and one of the most innovative technology and third party administration companies 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. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“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. To learn more about Eldridge Industries please visit www.eldridge.com.

Improving speed to market and insurer product development and innovation, SE2’s Digital Direct Life has been recognized with silver medal for the most innovative product of the year

TOPEKA, KS, FEBRUARY 13, 2019SE2, a recognized leader and one of the most innovative technology and third-party administration companies focused on the North American Life and Annuity (L&A) insurance industry, is thrilled to announce that SE2’s Digital Direct Life solution was recently awarded a silver for “Most Innovative Product of the Year” in 2018 by the prestigious One Planet Awards.

The Digital Direct Life solution was recognized because of its innovation in enabling insurance carriers to launch a fully digital, no-touch, direct-to-consumer channel. The solution integrates seamlessly with the back-end policy administration and underwriting systems giving consumers an application and approval process that only takes minutes, instead of weeks, to complete with instant approval notification. Coupled with the advanced capabilities of the SE2 Aurum Platform, carriers are now able to deliver a truly next-generation digital experience to their policyholders.

“SE2’s top priority is to drive innovation in our client’s business to meet the rapidly evolving market needs and customer expectations. SE2 Digital Direct Life has been instrumental in doing so and for revolutionizing the way the life insurance industry approaches digital and direct-to-consumer sales,” said Vinod Kachroo, CIO, SE2. “We’re honored to have been recognized for the work our team has put in throughout the year to ensure our clients are delivering a seamless, industry leading, innovative digital experience. Thank you to the One Planet Awards for enabling us to honor the people who make SE2 the success that it is.”

The coveted One Planet Awards honor business and professional excellence in every industry conferred in category sections which include outstanding individuals, executives, teams, new products, and services. Organizations from all over the world are eligible to submit nominations including public and private, for-profit and nonprofit, largest to smallest and new start-ups.

A full list of this year’s winners can be found online here.

About SE2, LLC

SE2, an Eldridge Industries business, is a recognized leader and one of the most innovative technology and third party administration companies 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. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About the One Planet Awards    

One Planet Awards recognizes companies for their business and professional excellence. The One Planet Awards honors are currently conferred in category sections which include outstanding individuals, executives, teams, new products and services, PR, Marketing, and Corporate Communications, and organizations from all over the world. Learn more about the One Planet Awards at http://www.oneplanetawards.com and participate.

SE2 Aurum highlighted as digital transformation creates shifts in the Life and Annuity Insurance Industry

TOPEKA, KS, JANUARY 15, 2019SE2, a recognized leader and one of the most innovative technology and third-party administration (TPA) companies focused on the North American Life and Annuity (L&A) insurance industry, announced today that it has been selected by CIOReview as one of the “20 Most Promising Insurance Technology Solution Providers” in 2018. A list of this year’s winners are featured in the Insurance Technology edition of CIOReview magazine and can be found online here.

“This recognition is an affirmation that the investments we have made in developing leading-edge digital capabilities are continuing to propel the life and annuity insurance industry into a new age,” said Vinod Kachroo, CIO, SE2. “We thank CIOReview for recognizing our dedication to future-proofing our clients’ businesses as we enable them to deliver next-generation capabilities and digital experiences to their policyholders as well as distribution partners.”

CIOReview selected SE2 based on their track record of driving innovation and helping insurance carriers address their operational and business challenges. Conceived by a life insurer for life insurers and co-developed by technology and domain experts, SE2 Aurum is the industry’s first multi-tenant, open architecture platform and the core of SE2’s offering. SE2 Aurum offers insurance carriers a rich, engaging, fully digital environment that is flexible and agile enabling carriers to launch new products faster, optimize their back-office operations, create cost efficiencies, and acquire new customers through all distribution channels including a direct-to-consumer channel with a unique industry-leading digital model.  

The annual list of 20 Most Promising Insurance Technology Solution Providers of 2018 was compiled by a distinguished panel comprising of CEOs, CIOs, analysts, and the CIOReview editorial board. After thorough evaluation, 20 companies were recognized by their work in successfully assisting enterprises with robust insurance solutions and fulfilling the need for cost-effective and flexible solutions that add value to the complex insurance landscape.

“We are ecstatic to announce that SE2 was again listed among the ‘20 Most Promising Insurance Technology Solution Providers,” said Jeevan George, Managing Editor of CIOReview. “SE2 has quickly become a leading technology and service engine powering the insurance industry’s digital transformation.”

To learn more about the award, visit CIO Review

About SE2, LLC

SE2, an Eldridge Industries portfolio company, is a recognized leader and one of the most innovative technology and third party administration companies 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. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“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. To learn more about Eldridge Industries please visit www.eldridge.com.

About CIOReview

Published from Fremont, California, CIOReview is a print magazine that explores and understands the plethora of ways adopted by firms to execute the smooth functioning of their businesses. A distinguished panel comprising of CEOs, CIOs, IT-VPs including CIOReview editorial board finalized the “20 Most Promising Insurance Technology Solution Providers 2018” and shortlisted the best vendors and consultants. For more info, visit: www.cioreview.com.

SE2 as Leader in Market Success and Delivery Capability, including Vision and Strategy; Value Delivered; and Market Adoption

TOPEKA, KS, JANUARY 03, 2018 – SE2, a recognized leader and one of the most innovative technology and third-party administration (TPA) companies focused on the North American Life and Annuity (L&A) Insurance Industry, has been named a “Leader” for the third consecutive year in the Everest Group PEAK Matrix™ Assessment 2018 for Life and Pensions (L&P) Insurance BPO.

The Everest Group assessment cites SE2’s strong digital portfolio, end-to-end servicing capabilities, and ability to meet delivery requirements of buyers as key strengths. The report classified companies into three categories of Leaders, Major Contenders, and Aspirants. SE2 was named a “Leader” on the matrix scoring especially high in vision, strategy, and value delivered.

“We are honored to be recognized as a Leader in the Life & Annuities Insurance BPO assessment report 2018 by Everest Group. As the industry transforms into the digital era, SE2’s unparalleled insurance domain expertise and investments into our Aurum platform continue to drive innovation and operational efficiencies helping future-proof our clients’ business,” said Gautam Thakkar, CEO, SE2. “This continued recognition from Everest Group validates the quality of our offerings, strength in our end-to-end digital capabilities, and commitment to the industry.”

At the core of SE2’s offering for insurers seeking to transform their operations, is SE2 Aurum, the industry’s first fully digital, multi-tenant, open architecture platform. SE2 Aurum offers insurance carriers greater flexibility and agility, enabling them to launch new products fast, optimize their back-office operations, create cost efficiencies throughout the policy lifecycle, and acquire new customers through all distribution channels including a direct-to-consumer channel with a unique industry leading digital model.

“With a targeted focus on L&P insurance BPO and truly end-to-end servicing capabilities, SE2 is well-positioned to address L&P insurers’ operational and business challenges. It has a proven track record of leveraging BPaaS to help its clients in not only overcoming the productivity challenges of legacy back-ends, but also in driving the top-line via accelerated product design and launch, and direct-to-customer channels. As SE2 continues to evolve its technological, operational, and domain-related capabilities via in-house developments and strategic partnerships, it remains differentiated in the L&P insurance BPO market,” said Saurabh Verma, Practice Director, Everest Group.

The report evaluates the global L&P insurance BPO market and its service provider landscape. It also provides a detailed analysis of the vision and delivery capabilities as well as market impact of service providers and their relative position on the Everest Group PEAK Matrix™ to assist key stakeholders (insurance providers, service providers, and technology providers) in understanding the current state of the L&P insurance BPO service provider landscape. The Everest Group Life and Pensions Insurance BPO – Service Provider Landscape with PEAK Matrix™ Assessment 2018 can be accessed here.

About SE2

SE2, an Eldridge Industries portfolio company, is a recognized leader and one of the most innovative technology and third party administration companies 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. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“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. To learn more about Eldridge Industries please visit www.eldridge.com.

Contact For SE2:

Ned Tadic, 312-329-3979

Ned.Tadic@finnpartners.com 

Development Team Ensures Adoption Platform Captures all Families in Need

TOPEKA, KS, DECEMBER 20, 2018 – The holiday season has gotten brighter for over 6,000 Topeka residents thanks to the support of the United Way of Greater Topeka Christmas Bureau, a nonprofit that connects donor families with those in need during the holiday season this year. Antiquated technology systems have typically made it difficult for United Way to organize and complete the paperwork necessary to make these connections. For the seventh consecutive year, SE2 volunteers donated 50 total hours updating the web portal in order to make the process run more efficiently this season.

In 2011, SE2 built a responsive web application to tackle the complex administrative processes that the community adoptions required. Today, the United Way leverages the web-based system to scan and index paper applications, capture adopter/adoptee data, match families and share information between all involved parties.

“We encourage all employees to embrace teamwork and opportunities for personal growth. The United Way Christmas Bureau is a moment for our community to celebrate diversity of thought, background, heritage and perspective. It’s our duty and privilege to give back to the neighborhoods where we live and work,” said Janet Dulohery, VP of Human Resources, SE2.

This year’s SE2 volunteer team was led by Ambrish Patel and included support from Kevin Downing, Arin Stone, Lucas Mallein, Sarah Ramos and Nick Trower. SE2’s leadership team including Thiru Sivasubramanian, Vice President of Architecture, Solutions & Integrations and Ed Miller, Vice President of Development supported the initiative and ensured the team had ample resources to complete the project.

About SE2

SE2, an Eldridge Industries portfolio company, is a recognized leader and one of the most innovative technology and third party administration companies 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. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“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. To learn more about Eldridge Industries please visit www.eldridge.com.

TOPEKA, Kan. – November 15, 2018 – SE2, a recognized leader and one of the most innovative technology and third-party administration (TPA) companies focused on the North American Life and Annuity (L&A) insurance industry, announced today that SE2 has been named the “Most Innovative Insurance Business Process Solution Provider of 2018” by AI Global in the 2018 Global Excellence Awards.

SE2 was selected for its excellence in driving change in the market on an ongoing basis through pioneering the use of automation, artificial intelligence, and predictive analytics to transform life and annuity insurance operations.

“SE2 is honored to be recognized with this award as it validates the role SE2 has been playing in enabling our clients to launch new innovative products, expand into new market segments, and leverage direct to consumer channels” said Ashish Jha, CMO of SE2. “At SE2, we are passionate about driving industry leading capabilities for our customers and enabling their digital transformation journeys.”

“Our Global Excellence Awards program was launched to reward the firms whose sustained outstanding performance has seen them leading the way in their industry and across the global corporate spectrum. SE2, LLC have been recognised with this title for their continued commitment to innovation and unparalleled client service” said Chelsea Dytham, Feature Executive at AI Global.

The Acquisition International team evaluates winners by a combination of votes gathered from a network of partners and industry experts. Those votes, along with supporting evidence, in-house research and knowledge and expertise from the organization’s network of corporate leaders, help decide the final winner.

To learn more about the award, visit Acquisition International.

 

About SE2

SE2, an Eldridge Industries portfolio company, is a recognized leader and one of the most innovative technology and third party administration companies 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. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“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. To learn more about Eldridge Industries please visit www.eldridge.com.

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.

Burdened by student loans and other concerns, more young families are delaying buying life insurance. Sixty percent face bankruptcy or hardship should a primary breadwinner die, a new survey of 1,000 millennials shows.

Las Vegas, NV October 3, 2018 – Millennial families are not buying life insurance at nearly the pace of previous generations. A new survey by SE2, a leading technology and third party administration company focused on the North American life and annuity insurance industry, indicates that heavy financial burdens and deep confusion about financial planning choices are two of the primary causes. The result is that more families find themselves at risk of financial collapse. October is Financial Planning Month, therefore the new study is timed to help bring awareness to this troubling trend.                                            

The survey of 1,032 millennial families, commissioned by SE2 reveals:

  • 65 percent of millennial families think about their financial futures daily;
  • only 43 percent have purchased life insurance — even though 78 percent say their parents have it;
  • 23 percent of respondents said they would be forced to file bankruptcy if their family’s primary breadwinner died; and
  • an additional 37 percent said the death would cause their family financial hardship.

“Millennial families are under a lot of pressure. They face more student loan debt and other financial obligations than previous generations. They also face a more complex and confusing set of financial planning choices with the disposable income they do have. That can lead to a kind of paralysis — where millennials worry for their futures but don’t take the actions necessary to secure greater peace of mind,” said Vinod Kachroo, CIO of SE2.

Student Loan Debt and Other Financial Burdens Weigh Heavily

When millennial families were asked the primary factors in their decision not to purchase life insurance, less than 10 percent said they were simply uninterested in insurance or did not see its value. In fact, 56 percent said they want to buy insurance in the future. For most, debt and other financial concerns were the biggest reasons for deferring the decision.

Specific reasons cited for not purchasing insurance include:

  • student loan debt, 30 percent of respondents;
  • saving for a home, 29 percent;
  • mortgage payments; 19 percent; and
  • 30 percent said they simply couldn’t afford life insurance.

A Complex Set of Choices and Lack of Financial Education Create Paralysis

Beyond competing financial considerations, millennial families also face a complex set of financial planning choices, which can lead to confusion and paralysis in decision-making. A limited understanding of life insurance was evident throughout the survey results:

  • 46 percent of respondents said they would be more likely to purchase life insurance if they were more knowledgeable about it;
  • 23 percent said that life insurance was for older people;
  • 18 percent complained that life insurance was too difficult to obtain; and
  • 10 percent said they did not know how to acquire life insurance.

“Millennial families are less likely to have a trusted family insurance agent or financial planner than in previous generations. They are more likely to consult online resources — which can be a bit overwhelming, like drinking from a firehose. This survey indicates that millennial families may be lacking in necessary education about life insurance as a result,” said Kevin Paulson, COO of SE2.

The Path Forward: Inexpensive, Customized Products and a Simplified Process

A bright spot in the survey results was millennials’ attraction to newer insurance options that appeal to their lifestyles, technological savvy, and price sensitivity. This suggests a path forward for insurance providers who wish to capture the millennial market.

Specific features that respondents said would make them more likely to buy insurance include:

  • customized plans for millennial households, 28 percent of respondents;
  • an online application process that could be completed in a few minutes, 25 percent;
  • incorporation of fitness wearables to track health and reduce premiums, 21 percent; and
  • inexpensive plans that fit their budgets, 32 percent.

Said Kachroo: “Ultimately, this study is encouraging because it tells us that millennial families do value insurance. With all their other financial concerns, they just haven’t spent a lot of time thinking about it. Typically, once millennials learn how much lower insurance rates can be for younger people, they realize the cost doesn’t have to be a deal-breaker.”

Added Paulson: “It falls upon the insurance industry to meet millennials where they are by creating products, tools and processes that connect with how they live and buy financial products today.”

The nationwide survey conducted in 2018 surveyed 1,032 millennial families. Millennial families were defined as multi-person households with either a spouse, live-in partner or children. Participants were ages 22 to 37.

SE2 is a gold sponsor of InsureTech Connect 2018. Vinod Kachroo, CIO of SE2, will also be speaking at the event on the topic of digital transformation in the insurance industry.

“We’re honored to have such an influential group join us for InsureTech Connect 2018, helping make this the largest insurtech gathering in the world,” said Jay Weintraub, Co-Founder & CEO of InsureTech Connect. “With great care, we hand-selected an exclusive group of insurtech pioneers who offer expert-level insight into the world of insurance and technology.” 

InsureTech Connect 2018 is held at the MGM Grand Las Vegas on October 2nd and 3rd in Las Vegas, Nevada. For more information, or to see the full agenda, visit www.insuretechconnect.com.

Read the full survey 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. To learn more about Eldridge Industries please visit www.eldridge.com.

 

Contact For SE2:

Ned Tadic, 312-329-3979

Ned.Tadic@finnpartners.com

 

 

TOPEKA, Kan. (August 22, 2018) – SE2, a leading technology and third-party administration (TPA) company for the North American Life and Annuity (L&A) insurance industry, has been named by CFO Tech Outlook as one of the Top 10 Fintech Solution Providers for 2018.

The CFO Tech Outlook editorial board, along with a distinguished panel comprising CEOs, CFOs, VCs and industry analysts, evaluated innovative vendors and their technology to select the Top 10 Fintech Solution Providers of 2018 that deliver advanced technology to construct a connected fintech mechanism. Based on these criteria, CFO Tech Outlook recognized SE2’s Business-Process-as-a-Service (BPaaS) capabilities and proven track record in helping its clients evolve into digital insurers and launch new and innovative products.

“We have been driving industry leading capabilities and investing deeply and widely in operations and our digital technology platform to deliver a next generation digital experience for insurance carriers, their distribution partners and the end customers,” said Vinod Kachroo, CIO, SE2. “We also continue to invest in technologies such as Artificial Intelligence, Robotics Process Automation, Blockchain, Predictive Analytics and Machine Learning to build digital capabilities and the customer contact center of the future. We are thrilled to be recognized as a top 10 Fintech solution provider by CFO Tech Outlook, it is validation of SE2’s ability to support life and annuity insurers as they look to create and launch new and innovative insurance products and deliver a futuristic customer experience.”

As CFO Tech Outlook highlights, SE2 is making strides in the financial technology space with the advanced architecture of the SE2 Aurum platform combined with the capabilities of SE2 Digital Direct Life— a sophisticated no-touch, end-to-end life ‘insurance as a service’ platform which transforms the way life insurance carriers acquire and engage with the underserved mid-market and millennial customers. SE2 Digital Direct Life provides a streamlined front-end application process that is integrated seamlessly with the policy administration and underwriting systems creating an exponentially improved customer experience.

To learn more about the award, visit CFO Tech Outlook.

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. www.eldridge.com

SE2 Contact:

Jacqueline Wasem

Jwasem@ideagrove.com

972-850-5989

 

 

Artificial intelligence (AI) has opened doors for the life and annuity insurance industry with opportunities to enable customers and agents with a unique, personalized experience. Whether it’s used to deliver tailor-made products or to service customers on their terms and help carriers to better manage risk and prevent fraud, AI can be leveraged to deliver transformative solutions. The question is how. Once you address the key challenges and have a strategy about what business problem or opportunity AI is going to address, the recipe to create an AI engine using off-the-shelf tools and their extensions is simple.

TOPEKA, Kan. (August 9, 2018) – SE2, a leading technology and third-party administration (TPA) company for the North American Life and Annuity (L&A) insurance industry, announced today that it has been awarded a Bronze PR World Award® for Marketing Achievement of the Year for Business Products and Services.

“B2B marketing environments have become exponentially more complicated in the past few years,” said Ashish Jha, CMO, SE2. “Customers rarely traverse a simple, straight line from awareness to purchase and have embraced the complete spectrum of media, channels and touchpoints in what appears to be a complex and random puzzle. With a key new product launch on the horizon, increasing share of voice and brand presence were crucial. SE2 embarked on an aggressive digital marketing plan that sought to combine an employee social ambassador program and the strategic utilization of social media platforms to raise market awareness and grow brand presence.”

The coveted annual PR World Awards program encompasses the world’s best in recognizing public relations, marketing, corporate communications, investor relations, and business development professionals, teams, departments, and achievements from every major industry in the world.

More than 80 judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2018 award winners. Winners were honored in San Francisco on Monday, July 30, 2018 during the annual SVUS Red Carpet Awards Ceremony Dinner in San Francisco attended by the finalists, winners, judges and industry peers.

To learn more about this award, visit PR World Awards.

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. www.eldridge.com

 

SE2 Contact:

Jacqueline Wasem

Jwasem@ideagrove.com

972-850-5989