NEWS & EVENTS

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

TOPEKA, Kan. (July 23, 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 won a Gold Globee Award for New Business-to-Business Product for its Digital Direct Life Solution and a Silver Globee Award for Fastest Growing Company.

Launched in September 2017, Digital Direct Life is the first no touch end-to-end life insurance as-a-service solution that automates the entire life customer acquisition process, from application to approval, from underwriting to policy issue, from all post issue service to claims. This solution allows insurers to create and launch direct-to-consumer products in just months, not years.

In 2017, SE2’s employee strength grew over 58 percent and the company continued to expand its global presence with office growth in Waterford, Ireland, Bridgewater, N.J., and Dallas, TX. SE2 currently launches on average 15 new products for clients in any rolling 12-month period and issues nearly 200,000 new business applications annually. SE2 has over $100 billion of assets under administration and transmits upwards of 200 million records to DTCC every month (the highest in the country). Additionally, SE2’s contact centers handle over 2 million calls for its clients annually.

“Digital Direct Life transforms the way life insurance carriers acquire mid-market and millennial customers by dramatically improving the end-to-end customer experience while helping clients future-proof their businesses and navigate the digital evolution,” said Vinod Kachroo, CIO, SE2. “Since the launch of Digital Direct Life, SE2 has seen rapid growth, and it is an honor for the Globee Awards to recognize these accomplishments.”

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 will be 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 the award, visit Globee 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

TOPEKA, KS., July 12, 2018 – SE2, a leading third-party administrator for the North American life insurance and annuity industry, announced today that James A. Mallon (Jim) has joined the company’s board of directors. Jim Mallon will serve as an independent director.

Mr. Mallon is an insurance industry leader with more than 40 years of experience in the industry and expertise in trailblazing new solutions for customers. He currently serves as president of LiveAmerica, a consumer-focused distribution company that provides new living benefit life insurance and retirement solutions to small business owners.

“We are pleased that Jim has joined the SE2 board of directors,” said Gautam Thakkar, CEO, SE2. “His track record and expertise in creating innovative life insurance products will be of great benefit to SE2 as we continue to innovate and help our clients bring new products to market.”

Prior to his tenure as CEO at LiveAmerica, Mr. Mallon served as president of American International Group’s global life insurance business.  Prior to that Mr. Mallon was the CEO of American General Life companies, including American General Life and Accident Insurance Company from 2004 to 2011. Jim also oversaw the development of Quality of Life Insurance, one of the first living benefit life insurance products in America. As CEO, he also drove a strategy that generated impressive growth during a period of negative growth for the overall industry. Mr. Mallon has also served as the president and COO of National Life Insurance Company, a member of the National Life Board of Directors, the chairman of Life of the Southwest (a National Life Group subsidiary) and CMO of The Hartford.

Mr. Mallon graduated with a Bachelor of Arts from Amherst College, attended Harvard University, and attended the Executive MBA program at the Whittemore School of Business at the University of New Hampshire. He has earned Series 7 and Series 24 NASD designations. In 2012, he was the second-ever recipient of the prestigious “GAMA Outstanding Leadership Award.” Mr. Mallon is a distinguished visiting lecturer at the University of Alabama’s CulverHouse College of Business, and has served on the board of numerous charitable organizations.

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


Contact For SE2: 
Jacqueline Wasem, 972-850-5989
Jwasem@ideagrove.com

TOPEKA, Kan. – June 13, 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 CV Magazine as the “Most Innovative Insurance Business Process as a Service Provider of 2018.”

“The explosion of digital technology in the recent years has increased the need for technology products and services dramatically,” says Sophie Milner, awards coordinator at Technology Innovator Awards. “Enterprises in every industry sector rely upon technology to facilitate their own growth, as such, opportunities for technology firms continue to expand considerably.”

“We are pleased that CV Magazine has recognized SE2 as being an innovator,” said Ashish Jha, CMO of SE2. “We work hard to be leaders in our field, and we are passionate about bringing innovative solutions to our clients that enable them to future-proof their business operations and transform into digital insurers.

The CV Magazine team evaluates winners by a combination of votes gathered from a network of respected industry partners and rigorous in-house research conducted by a dedicated network of industry insiders and corporate specialists.

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

To learn more about the award, visit CV Magazine.

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


Contacts For SE2: 
Jacqueline Wasem, 972-850-5989
Jwasem@ideagrove.com

TOPEKA, Kan. (May 30, 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 Insights Success as one of its “20 Most Innovative FinTech Solution Providers for 2018.”

The Insights Success applications board evaluated insurance and banking solution providers on innovation, transparency and cost-reduction capabilities. Based on these criteria, Insights Success selected SE2 for enhancing its Aurum platform with automation, predictive and prescriptive analytics, insights-driven cognitive computing, API/Service enablement and blockchain.

“At the core of everything that SE2 does and the decisions it makes is a singular focus on delivering a superior customer experience to its life insurance carrier clients, their distribution partners and the end customer,” the Insights Success award notes.

“SE2’s top priority is to future-proof our clients as the industry rapidly transforms to rapidly evolving customer expectations.  Our deep industry expertise and investments into our Aurum platform to drive digital operations is dramatically improving the customer experience,” stated Ashish Jha, CMO of SE2. “We are pleased that Insights Success has recognized us for our ability to both help insurers optimize their legacy business blocks and drive business growth with innovation.”

To learn more about the award, visit Insights Success.

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


Contacts For SE2: 
Jacqueline Wasem, 972-850-5989
Jwasem@ideagrove.com

TOPEKA, Kan. (May 16, 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 won a Bronze Stevie® Award  for New Product or Service of the Year for Insurance for its Digital Direct Life Solution at the 16th Annual American Business Awards®.

Launched in September 2017, Digital Direct Life is the first no touch end-to-end life insurance as-a-service solution that automates the entire life customer acquisition process, from application to approval, from underwriting to policy issue, from all post issue service to claims. This solution allows insurers to create and launch direct to consumer products in just months, not years.

“Digital Direct Life gives life insurers the ability to take products to newer markets rapidly and in a cost-efficient way while improving the customer experience exponentially,” said Gautam Thakkar, CEO, SE2. “SE2 is honored that The American Business Awards also views Digital Direct Life as an innovative and disruptive digital offering that enables life and annuity insurers to profitably service the underserved mid-markets and millennials.”

More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year and more than 200 professionals worldwide participated in the judging process to select this year’s Stevie® Award winners.

“The nominations submitted for The 2018 American Business Awards were outstanding.  The competition was intense, and those recognized as Stevie Award winners should be immensely proud of this accomplishment,” said Michael Gallagher, president and founder of the Stevie Awards.

To learn more about the award, visit  The American Business 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

PHILADELPHIA, PA, May, 2018 — Life.io, the leading customer engagement and data analytics company focused on the insurance industry, has announced the closing of a new round of growth capital. The round was led by SE2, a leading technology and third-party administration company for the Life and Annuity (L&A) insurance industry. SE2 is a portfolio company of Eldridge Industries, a private investment firm with holdings across diversified industries. Capital will be used towards Life.io’s growth in the L&A market, and to accelerate expansion into strategic adjacencies.

Founded by Jon Cooper and Mike Logsdon, Life.io transforms the relationship between insurance carriers and their policyholders. Since launching in 2015, Life.io has established partnerships with leading insurance companies across 8 countries, including 2 of the top 5 largest international carriers.

“SE2 is an ideal partner for Life.io. In combination, Life.io and SE2 have the power to launch next-generation insurance products in a matter of weeks instead of months, and can offer carriers end-to-end digital transformation capabilities,” said Jon Cooper, CEO and Co-Founder of Life.io.

Life.io is creating a new dialogue between carriers and their policyholders, allowing carriers to better understand what is happening in their customers’ lives to provide the right product at the right time. By helping policyholders achieve their life goals, Life.io builds a deeper relationship between carriers and the people they serve. Through the Life.io ENGAGE platform, policyholders are immersed in an engaging and personalized experience designed to help them achieve their physical, emotional, and financial goals in one holistic ecosystem. Carriers, in turn, build brand loyalty and benefit from new insights to drive growth, manage risk, and streamline operations.

“Fueled by changing consumer expectations and a host of new competitive threats, the insurance industry has come to universally recognize the need to quickly modernize, starting with their customer experience” adds Mike Logsdon, COO and Co-Founder.

SE2 Chief Information Officer, Vinod Kachroo, will be joining Life.io’s Board of Directors. “The policyholder experience is at the center of every carrier’s digital transformation,” said Vinod. “We have been impressed by the team’s creative approach to transforming the policyholder experience, and think it is a great complement to SE2’s comprehensive back-office digital capabilities. We look forward to supporting Life.io’s continued growth.”

 

About Life.io

Life.io is a leading customer engagement and data analytics 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. Visit www.Life.io to learn more.

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. 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.

Contacts For Life.io: 
Jamie Podgajny, 757-719-4111
jamie.podgajny@life.io


Contacts For SE2: 
Jacqueline Wasem, 972-850-5989
Jwasem@ideagrove.com

TOPEKA, KS, April, 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 CIO Applications as one of the Top 25 InsurTech Companies for 2018.

“Its Aurum digital platform enables customers to achieve the milestone developments necessary to keep pace with the technological transformation in the insurance domain.”

The CIO Applications editorial board, along with a panel of CIOs, CEOs, CTOs and analysts, evaluated insurtech providers on their ability to assist companies in keeping pace with the technological transformation occurring in the insurance domain. Based on this criteria, CIO Applications 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.

“The life and annuity insurance industry is rapidly evolving from a product-centric to a customer-centric industry. SE2 uniquely combines its Aurum digital technology platform and deep industry operations expertise to drive accelerated transformation across every element of the life and annuity insurance value chain,” stated Vinod Kachroo, CIO of SE2. “We are honored to be recognized for our ability to both help insurers optimize their legacy business blocks and drive business growth with innovation.”

The award highlights SE2’s Aurum digital platform as driving efficiencies, accelerating product launches and enabling customers to profitably capture and service the mid-markets and millennials.

“We selected SE2 as one of CIO Applications’ Top 25 InsurTech Companies for 2018 because they embrace the need for modern digital technology in the insurance industry. SE2’s focus on transforming the back end has enabled its clients to rapidly launch new products and profitably acquire and service the underserved mid markets,” stated Joe Phillip, managing editor of CIO Applications. “Its Aurum digital platform enables customers to achieve the milestone developments necessary to keep pace with the technological transformation in the insurance domain.”

To learn more about the award, visit CIO Applications.

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


Contacts For SE2:
Jacqueline Wasem, 972-850-5989
Jwasem@ideagrove.com

 

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

SE2 will enable KUVARE to increase its speed to market, improve its digital technology offerings, drive greater process discipline and standardization, and maintain high levels of customer service for its North American insurance clients.


TOPEKA, KS, January 31, 2018 — SE2, a leading third-party administrator for the North American life insurance and annuity industry, announced today that Kuvare US Holdings, a growth-oriented life and annuity business, has chosen SE2 to modernize its technology systems, deliver technology innovations, enhance new product launch capabilities, and provide a broad range of administrative services that will distinguish Kuvare portfolio companies in the marketplace.

 

“We are pleased to have selected and to be working with SE2 for its in-depth insurance expertise, modern end-to-end technology platform, and ability to meet our rigorous service standards” said Carlos Sierra, COO of Kuvare US Holdings. “This partnership will give the companies in our platform access to up-to-date technology and capabilities that should support our distribution partners’ ability to service the financial goals of our policyholders.”

 

In late 2016, Kuvare US Holdings completed the acquisition of Guaranty Income Life Insurance Company (“GILICO”) in Baton Rouge, Louisiana. SE2’s first project implementation for Kuvare is focusing on GILICO, utilizing Aurum, SE2’s proprietary state-of-the-art technology delivery platform. Among other benefits, this technology has enabled Kuvare’s recent national launch of an innovative indexed annuity product.

 

“We are privileged to team with Kuvare and GILICO in advancing and supporting their impressive current and future growth plans through the benefits of technology services,” said Gautam Thakkar, SE2’s CEO. “SE2 is dedicated to future-proofing our clients’ businesses, and our initiatives with Kuvare will be representative of SE2’s impactful contributions as a trusted partner.”

 

About Kuvare

Kuvare is a leading insurance and reinsurance platform within the U.S. life and annuity marketplace, focused on delivering value-oriented solutions to the middle market. Founded in 2015, Kuvare is committed to a sustainable growth strategy, backed by a consortium of long-term capital firms collectively managing more than $20 billion. Including the most recent transactions, announced in 2017, a reinsurance commercial agreement through Kuvare Life Re Ltd., and the agreement to purchase United Life Insurance Company, Kuvare has pro forma consolidated assets of over $3.5 billion.

 

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. 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 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.

 

SE2 Contact:

Michelle Doss
mdoss@ideagrove.com
972.850.5885

 

Kuvare Contact:

Alex Jeffrey (FundLab)
alex@fundlab.co
847.921.4099

TOPEKA, KS, December 7, 2017 — SE2, a leading third-party administrator for the North American life insurance and annuity industry, announced today that Lizabeth Zlatkus has joined the company’s Board of Directors. Zlatkus will serve as an Independent Director.

 

Zlatkus has extensive financial services experience, having played pivotal roles in finance, risk and P&L leadership. Her 28- year tenure included serving as Chief Financial Officer and Chief Risk Officer for The Hartford Financial Services Group, retiring in 2011. She also served as Co-President of Hartford Life Insurance Companies and President of International Wealth Management and Group Benefits. She has experience serving on multiple public company boards. Currently, she serves on the boards of Boston Private Financial Holdings and Indivior.

 

“We are pleased that Liz has joined the SE2 Board of Directors,” said Gautam Thakkar, CEO, SE2. “She is a seasoned leader with deep experience in the insurance and finance fields. This strategic expertise, along with her background in operations, finance, risk and corporate governance, will make her an asset to our organization.”

 

Zlatkus has been recognized for numerous professional achievements and contributions to the community. She currently serves on the Connecticut Science Center and Pennsylvania State University Business School boards. Previously she served on The Connecticut Women’s Hall of Fame, the President’s Committee on Employment of People with Disabilities, Action Plan on Infant Health, North American Chief Risk Officers Council (as regulatory chair,) Hewlett-Packard Financial Services advisory board, and the Life Office Management Association. Zlatkush is the recipient of a number of awards and honors, including past recognition by the White House for her work with people with disabilities, cover feature for CFO Magazine, and her inclusion in the Top 100 Women Executives by Business Insurance, and Eight Remarkable Women by The Hartford Business Journal.

 

Zlatkus graduated with distinction from Pennsylvania State University, was selected as an Alumni Fellow in 2003, and served as commencement speaker for the Smeal College of Business in May 2013.

 

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. 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 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.

 

SE2 Contact:

Emily Gose
egose@ideagrove.com
(972) 235-3439

 

Success in the life insurance arena is heavily reliant on innovation, as well as the ability to launch new and appropriate products, tap new markets and meet the expectations insureds have for a great customer experience. While insurers work hard to meet these objectives, their technology and processes often hold them back. Some insurers are limited by their legacy technologies, and many insurers are simply unable to fully leverage industry and customer data with powerful analytic tools that can give them actionable insights for better decision-making.

 

Insurers must grow in order to remain successful, and reaching new markets with targeted and appropriate products via their preferred channel is essential for organic growth. However, many life insurers today are focused on selling to higher-end clients and aren’t concentrating on reaching the lower and middle market. This can be an expensive mistake.

 

Some life organizations are actively pursuing the high-opportunity lower and mid-market segment, but they aren’t necessarily going about it in an optimal way. In the past, some life insurers have created entirely new companies as their go-to-market strategy to reach lower and mid-market prospects. This is a very difficult, expensive and complex endeavor, and it’s not a very efficient method for going after a new segment.

 

Instead, life insurers need a more streamlined solution that doesn’t require them to create a brand-new company – or even simply buy and implement software. There’s a more cost-effective way: working with a service provider and leveraging its technology platform. This new service model can help insurers simply reach new markets, leverage their existing technology and develop better products and get them to market quickly.

 

A business-process-as-a-service (BPaaS) platform gives insurers the ability to go after the lower and middle market without having to create a new business entity and allowing them to work with their existing legacy systems. With a true end-to-end platform, insurers don’t have to buy software and integrate it into their environment. They just need to develop a product they believe will succeed in the market – the solution should make it easy to execute the strategy.

 

At the same time, the solution should be able to optimize the efficiency of carriers’ back-end processes while better leveraging analytics around data and getting information to the right areas at the right times and process transactions with minimal intervention at multiple touch points. This level of efficiency has never before existed in the industry – until now.

 

SE2 is making it easy for life insurers to create viable products for the lower and middle-markets while facilitating the underwriting process by providing better insights, better data and quicker decision-making capabilities. It gives insurers the ability to create a new channel to sell to otherwise unreachable customers while optimizing the underwriting process and delivering near-instantaneous application decisions. In fact, today, it typically takes 45 to 60 days to underwrite complex policies. SE2’s process for low-end, simplified product policies only requires minutes to underwrite and deliver an application decision.

 

Built on the SE2 Aurum Platform, SE2 Digital Direct Life features a plug-and-play, open architecture for the flexibility to integrate with existing systems and external data sources using industry standard protocols. The easily-implement solution enables carriers to enter the market with a digital life insurance product in three to six months, far less time and less costly than it would take to do on their own.

 

Vinod Kachroo, Chief Information Officer, SE2
LOMA Resource Magazine, November 2017

 

Report Highlights SE2 as Leader in Market Success and Delivery Capability, including Technology Solutions and Innovation; Delivery Footprint; and Buyer Satisfaction

 

TOPEKA, KS, OCTOBER 11, 2017 — SE2, a leading third-party administrator for the North American life insurance and annuity industry, announced today that it has been named as a “Leader” as well as a “Star Performer” in the Everest Group PEAK Matrix™ Assessment 2017 for Life and Pensions (L&P) insurance BPO.  SE2 earned the “Star Performer” title based on demonstrating the strongest forward and upward movement (2015-2016) on the PEAK Matrix.

 

Everest Group’s PEAK Matrix™ Assessment Report 2017 examines the global L&P insurance BPO market and its service provider landscape (17 service providers researched for 2017).   The report provides a detailed analysis of the capabilities and market performance of service providers and their relative position on the Everest Group PEAK Matrix and will assist key stakeholders (insurance providers, service providers, and technology providers) to understand the current state of the L&P insurance BPO service provider landscape.

 

“SE2’s domain expertise and technology-aided delivery capability have helped it remain differentiated in L&P Insurance BPO market. Domain expertise helps SE2 to offer truly end-to-end management of processes within L&P including the complex and judgment-intensive ones. Its technology-heavy business process management has helped it in creating a niche for itself, catering to buyers’ need across life insurance and annuities segments. With its robust suite of technology solutions and cutting-edge platforms, it is well positioned to serve the needs of next-generation buyers as well,” said Anupam Jain, Practice Director, Everest Group.

 

“We are honored to be recognized as a Leader and Star Performer in the Life & Annuities Insurance BPO assessment report 2017 by Everest Group.  SE2 continues to invest in future-proofing its customers from transformational shifts occurring in the industry. In many ways, SE2 is also helping accelerate our clients’ digital journey.  This recognition by Everest Group validates the quality and strength of our offerings and commitment to the industry,” said Gautam Thakkar, CEO, SE2.  “Life & Annuity insurers are now leveraging SE2’s end to end digital platform through retiring of their legacy back office systems, streamlining product introduction, reducing the cost and time to market, and by helping carriers introduce new and innovative products to cater to the rapidly changing consumer.”

 

The Everest Group assessment evaluated 17 service providers on the four key areas of performance, experience, ability and knowledge.  The report classified companies into three categories of Leaders, Major Contenders and Aspirants. The Everest Group Life and Pensions Insurance BPO – Service Provider Landscape with PEAK Matrix™ Assessment 2017 can be accessed here.

 

 

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 Contact:

Ashish Jha

908.419.4230

ashish.jha@SE2.com

 

Underwriting is the most important component of life insurance. In order to be successful and remain viable, life insurance companies must successfully cover mortality risk and do a great job at risk pooling and risk evaluation so they can price each risk appropriately. Pricing risks wrong can be disastrous and threaten the long-term viability of the organization. In the short term, carriers might sell more policies if they price risks wrong, but failing to price risk correctly and create the right blend of risk diversity in a risk pool can lead to bankruptcy.

 

Today’s marketplace is very complex, and while life insurers are selling many policies to high-end customers, they are underserving the lower and middle markets.  There seems to be no viable product or viable way of distributing products to these individuals, who could benefit from buying coverage. The products just aren’t priced appropriately for this segment.

 

Life insurers rely on new customers to grow, and reaching – and selling to – the lower and middle segments has the potential to significantly increase the number of insureds. However, finding prospective customers and bringing them aboard is anything but simple. Conventional life insurance sales are costly and inefficient. Customer acquisition costs are too high, and customer conversion ratios are too low. What’s more, the application process is far from instantaneous and prospective customers typically have to wait a long time for the carrier to approve their application.

 

At the same time, the operating environment and marketplace are changing. The life sales channel that has been in place for many years is optimized for higher-income customers, and agents don’t have much incentive to pursue mid-market customers. Millennials, the next generation of life insurance customers, prefer to shop online for products and services. However, this segment hasn’t had many options for acquiring life insurance via their preferred channel. Unable to properly reach this large and growing segment, life insurers are missing out on a tremendous opportunity.

 

Changing the way customers apply for life insurance is a game-changer for carriers. Customers are now demanding a simple, intuitive application and buying process that meets their demand for a seamless, online purchasing experience and eliminates the long wait for an approval, maximizing conversion rates. Unfortunately, legacy technologies and teams cannot always adapt to this environment quickly and cost-effectively. However, it’s essential for life insurers to optimize the application process to meet the expectations of younger and mid-market customers and at the same time, the process must be efficient and cost-effective for insurers to implement.

 

Based on the SE2 Aurum Platform, SE2 Digital Direct Life enables insurers to offer customers an easy-to-use way to shop and apply for life insurance, providing a near-instant response to online applications to improve the buying experience and increase sales. And because SE2 Digital Direct Life is offered as-a-service, the solution also makes it simple for life insurers to quickly and cost-effectively enter new markets with no risk, minimal development and little training.

 

Vinod Kachroo, Chief Information Officer, SE2
LOMA Resource Magazine, October 2017

 

 

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.

Find Out More


– 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.

 

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– Dallas site growth plans for as many as 60 customer service associates by year-end –

 

TOPEKA, KS – AUGUST, 2017 SE2, a leading third-party administrator for the North American life insurance and annuity industry, today announced the opening of its new Dallas operational service center. As SE2 experiences significant and continual growth, the Dallas site will play an integrated part of the company’s existing business operations in support of its strategic growth, to continually enhance the customer experience delivered to clients, and to further strengthen the company’s business continuity capabilities. SE2 will leverage the extensive talent and resources in the Dallas area, along with its other site locations to continue providing deep expertise and value to its expanding client base.

 

In 2016, SE2’s employee population grew more than 58%, including opening offices in Waterford, Ireland and Bridgewater, New Jersey. The company has plans to add as many as 60 associates in their Dallas location by year-end 2017. The move to Dallas is fortuitous for SE2 as the U.S. Bureau of Labor Statistics has reported that new, expanding and relocating business added almost 99,000 jobs in the North Texas-area in 2016 – and experts agree the region will continue this trend throughout this year. 

 

“As a leading North American Third Party Administrator, we continue to experience phenomenal growth and demand for our services,” said Gautam Thakkar, CEO, SE2. “Our global workforce, deep insurance knowledge, and advanced technology platform Aurum is helping SE2 innovate and transform the Life and Annuity industry.  The talent pool in and around Dallas will help SE2 accelerate that transformation.”

 

SE2 has also been cited by several industry groups as a leading company in its sector, having recently won two awards at the annual Globee® Fastest Growing Private Companies dinner event in the categories of people and sales revenue growth, presented by the SVUS Awards®, as well as an award from CIO Review as a leading insurance technology solution provider.

 

“As we continuously improve our operational systems, process and teams for the benefit of our clients, the Dallas office will be a wonderful addition to accelerate our capabilities,” said Kevin Paulson, COO of SE2.  “The Dallas area is rich with a talented workforce and we are confident that we will bolster our operations and offerings for our business as we tap the surrounding marketplace.”

 

Those interested in exploring opportunities with SE2 are encouraged to visit the company’s careers page: SE2.com/careers/.

 

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.

 

Contacts:

For SE2:

Portland Communications

Catriona Whalley, 212-415-3479

catriona.whalley@portland-communications.com 

 



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-Earns placement for capability and scale across both life insurance and annuities-

 

TOPEKA, KS, AUGUST 23, 2017 – SE2, a leading third-party administrator for the North American life insurance and annuity industry, announced that it has been profiled in a BPO – BPaaS report published by Novarica, a leading insurance research, advisory and strategic consulting firm. 

 

The 2017 Novarica Market Navigator BPO-BPaaS report, a review of BPO-BPaaS Providers for life insurance and annuity insurers, provides an overview of 13 BPO-BPaaS providers to North American life and annuity insurers, of which SE2 is included.  The Novarica Market Navigator report 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.

 

“We are proud to be recognized by Novarica for our capabilities across the entire life and annuity insurance operations spectrum in its 2017 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 rapid customer and technology transformations.” 

 

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.

 

“The Novarica report is focused on BPO-BPaaS providers for North American life/annuity insurers,” said Keith Raymond, Novarica Vice President, Research & Consulting. “The market is seeing an increased interest in cloud based offering as carrier demand for cloud based solutions and services continues to rise. 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.”

 

The report was authored by Keith Raymond, Vice President of Research and Consulting; Jim Klotz, Vice President of Research and Consulting; Justina Lee, associate; and editor Emily Lecaque.

 

To obtain a copy of the SE2 profile in the 2017 Novarica Market Navigator BPO-BPaaS report click here.

 

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 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 clients include more than 100 property/casualty and life/annuity insurers. Its knowledge base covers trends, benchmarks, best practices, case studies, and vendor solutions. Leveraging the expertise of its senior team and of nearly 400 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.





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Emerging start-ups and traditional insurers are reinventing themselves through new program development, acquisition, and collaboration. A big reason behind such a change in perspective and evolving trends has been due to the services provided by the Third Party Administrators (TPA). Insurance industry views TPA as an extension of their department, where the need to provide exceptional customer service is higher than ever.

  • Two industry leaders collaborate to offer comprehensive life, annuity and specialty administration services
  • SE2’s Aurum technology platform will be offered as the preferred platform for new customers. NTT DATA’s investments into its LifeSys platform will continue including ongoing modernization improvements designed to enhance performance and value for current customers


  • TOPEKA, Kansas & PLANO, Texas – July 20, 2017 – SE2, a leading technology and third party administration (TPA) company for Life and Annuity (L&A) insurance industry, and NTT DATA Services, a recognized leader in global technology services, have expanded their partnership to create a comprehensive TPA capability that will include digitization, artificial intelligence, cognitive computing and advanced robotic process automation. The two companies have complementary assets and capabilities that together increase value and offer more robust offerings and choices for new and existing customers.



    SE2 brings a unique combination of insurance domain knowledge, end-to-end TPA capabilities with their cutting edge Aurum platform and expertise in conversion to drive enhanced speed to market for new products across the L&A space. NTT DATA’s deep and proven expertise in TPA services uses their LifeSys platform for life, fixed and indexed annuities, as well as group and voluntary worksite products. In addition, NTT DATA specializes in information technology outsourcing, digital systems transformation services, legacy system modernization, cloud lifecycle solutions and advanced automation.



    Strategically, the expanded partnership’s main objective is to leverage the innovation and intellectual property investments of both companies to expand the Aurum platform as the foundation of the new, integrated solution for legacy blocks and dramatically reduce time to market for introducing new products across the L&A industry. In parallel, NTT DATA will continue ongoing investments to modernize and strengthen the core LifeSys solution to improve the value delivered to its existing LifeSys customers. The combination of these unique assets and capabilities will be strategically integrated to deliver enhanced platform power, agility, client experience and process efficiency to the market.



    “Through this partnership, both companies will jointly offer the SE2 Aurum platform and associated administrative services, supported by advanced automation, artificial intelligence and cognitive computing to help clients navigate the path to becoming a digital insurer and future proofing their businesses,” said Gautam Thakkar, CEO of SE2. “This expanded partnership also enables SE2 to take advantage of NTT DATA’s complementary, broad and deep insurance product knowledge and technology innovation to increase value to all carriers in the L&A market.”



    “This partnership enables NTT DATA to expand our strategic partnership with SE2 and leverage their platform, deep L&A industry knowledge and technology investments to better serve our clients. In parallel, we will continue to invest in our LifeSys platform to ensure our existing clients continue to benefit from modern capabilities and expertise,” said Jim Milde, President, Financial Services and Insurance at NTT DATA Services. “By leveraging best-in-class capabilities from both of our companies, we share the unique position of collaborating innovatively to offer combined, superior solutions to both our portfolios of life and annuity clients.”



    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. We also can be seen at LinkedIn.



    In 2014, NTT DATA acquired a minority interest in SE2 Holdings, Inc., the holding company for SE2, a subsidiary of Security Benefit Corporation, bolstering the life and annuity solutions and services delivery capabilities of both organizations and extending their existing relationship. Jim Milde, President, Financial Services and Insurance, NTT DATA Services, joined the SE2 Board of Directors.



    About NTT DATA Services

    NTT DATA Services partners with clients to navigate and simplify the modern complexities of business and technology, delivering the insights, solutions and outcomes that matter most. We deliver tangible business results by combining deep industry expertise with applied innovations in digital, cloud and automation across a comprehensive portfolio of consulting, application, infrastructure and business process outsourcing services. NTT DATA Services, headquartered in Plano, Texas, is a division of NTT DATA Corporation, a top 10 global business and IT services provider with 100,000+ professionals in more than 50 countries, and NTT Group, a partner to 85 percent of the Fortune 100. Visit nttdataservices.com to learn more.

    Connect with us:

    Twitter | LinkedIn | Facebook



    Media Contacts:

    Ashish Jha, SE2 | Ashish.Jha@se2.com | 785.438.3046

    Melody Callaway, NTT DATA | melody.callaway@nttdata.com | 704.247.3640



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    TOPEKA, Kan. – July 10, 2017 – SE2 won two awards at the annual Globee® Fastest Growing Private Companies dinner event in the categories of people and sales revenue growth. The coveted annual Globee Awards program, which is part of the SVUS Awards® recognition program, honors the achievements and positive contributions of private organizations from around the world across several categories.


    SE2, a leading third-party administrator (TPA) for the North American life and annuity insurance industry, was honored with the People and Sales Revenue Growth awards after showing great strides in growing its employee-base and sales revenue numbers in recent years. For example, in 2016 alone, SE2’s employee population grew over 58 percent and the company expanded globally with two new office openings in Waterford, Ireland and Bridgewater, N.J. Due to that rapid growth, SE2 is able to support more than 20 direct clients, represent more than 35 carriers in North America and service upwards of 1,000 product offerings.

     

    “The past 18 months have been very exciting for SE2 from a company growth perspective,” said Ashish Jha, CMO, SE2. “Since being carved out of Security Benefit in 2005, SE2 has witnessed tremendous growth and is now a recognized leader in the Life and Annuity Insurance administration services space with an unmatched track record in optimizing back-office operations to future-proof life insurance companies. We are thrilled to accept these awards which so directly reflect our success in serving our clients better and I would like to thank our clients for their trust and support.”

     

    SE2 received their award, along with other winners of the 2017 Globee Awards, at the annual SVUS Red Carpet Awards Ceremony Dinner in San Francisco on Monday, June 26, 2017.

    About the Globee Awards

    Globee Awards were created to honor and generate industry-wide and peer recognition of private organizations in every industry that exhibit fast growth in one or several key areas each year. The Annual Globee Awards is part of the SVUS Awards® recognition program from Silicon Valley in the United States of America which also includes other programs such as CEO World Awards, Consumer World Awards, Customer Sales and Service World Awards, Golden Bridge Awards, Globee Fastest Growing Private Companies Awards, Info Security PG’s Global Excellence Awards, Network Products Guide’s IT World Awards, Pillar World Awards, PR World Awards, and Women World Awards. Learn more about the Globee Awards at www.globeeawards.com


    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.

     

    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


    TOPEKA, Kan.–SE2, a leading technology and third party administration company for the life insurance and annuities industry, announced today that it has been selected as one of the “20 Most Promising Insurance Technology Solution Providers 2017” by CIOReview. The recognition, included annually in the Insurance Technology edition of CIOReview, can be seen in the full 2017 list, available online here.

     

    “It is an honor to be ranked in the top 20 Insurance Technology companies by CIOReview as we continue to invest heavily in cutting edge technologies so as to future-proof our clients business”

     

    Selected from a pool of over 300 companies, the list is comprised of companies at the forefront of tackling customer challenges with innovative solutions based on the most advanced technologies available today. SE2, with its purpose-built and leading edge SE2 Aurum technology platform and its comprehensive end to end business operations and services, has an unmatched track record of enabling life and annuity insurance carriers to launch products rapidly, improve efficiencies, shift to a variable cost model and enhance agent and customer experience while also advancing their journey to a digital insurer.

     

    “We are delighted to rank SE2 as one among the 20 companies that are featured in the Insurance Technology special edition of 2017,” said Jeevan George, Managing Editor of CIOReview. “SE2 has been listed among the elite group of companies for setting a new benchmark in the Insurance industry through a leading-edge technology platform SE2 Aurum —a proven, scalable, and powerful technology solution purpose built for life and annuity insurance carrier clients.”

     

    “It is an honor to be ranked in the top 20 Insurance Technology companies by CIOReview as we continue to invest heavily in cutting edge technologies so as to future-proof our clients business,” said Gautam Thakkar, CEO, SE2. “The SE2 Aurum platform is designed and built by technology and business professionals with decades of Life and Annuity industry domain knowledge, incorporating advanced technologies to help clients transition to becoming digital insurers. We are also excited about our new solutions that will future-proof our clients’ businesses against the rapid transformative shifts underway across the industry.”

     

    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 insurance companies 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.

     

    About the CIOReview Magazine’s Most Promising Companies

    CIOReview magazine annually identifies, selects and ranks the Most Promising Insurance Technology Companies to reveal the business practices that had made these companies both highly regarded and successful. For more information about the full list of 20 Most Promising Insurance Technology Solution Providers 2017, please visit: www.cioreview.com.

     

    Alongside this study, each year CIOReview carries out additional research to expose what makes these companies so successful in today’s market. The magazine features Senior Executives, CEO’s and Professionals of leading organizations, who participate in each year’s Most Promising Companies rankings to share their view points on a wide range of business priorities, technologies and practices.


    Contacts For SE2:
    McKenzie Naylor, Portland Communications | 212-415-3377 | Mckenzie.naylor@portland-communications.com

     

    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