SE2 Recognized as “Leader” for Third Consecutive Year in Everest Group’s PEAK Matrix™ Assessment 2018 for Life and Pensions Insurance BPO
Report Highlights SE2 as Leader in Market Success and Delivery Capability, including Vision and Strategy; Value Delivered; and Market Adoption
TOPEKA, Kan., Jan. 03, 2019 (GLOBE NEWSWIRE) — SE2, a recognized leader and one of the most innovative technology and third-party administration (TPA) companies focused on the North American Life and Annuity (L&A) Insurance Industry, has been named a “Leader” for the third consecutive year in the Everest Group PEAK Matrix™ Assessment 2018 for Life and Pensions (L&P) Insurance BPO.
The Everest Group assessment cites SE2’s strong digital portfolio, end-to-end servicing capabilities, and ability to meet delivery requirements of buyers as key strengths. The report classified companies into three categories of Leaders, Major Contenders, and Aspirants. SE2 was named a “Leader” on the matrix scoring especially high in vision, strategy, and value delivered.
“We are honored to be recognized as a Leader in the Life & Annuities Insurance BPO assessment report 2018 by Everest Group. As the industry transforms into the digital era, SE2’s unparalleled insurance domain expertise and investments into our Aurum platform continue to drive innovation and operational efficiencies helping future-proof our clients’ business,” said Gautam Thakkar, CEO, SE2. “This continued recognition from Everest Group validates the quality of our offerings, strength in our end-to-end digital capabilities, and commitment to the industry.”
At the core of SE2’s offering for insurers seeking to transform their operations, is SE2 Aurum, the industry’s first fully digital, multi-tenant, open architecture platform. SE2 Aurum offers insurance carriers greater flexibility and agility, enabling them to launch new products fast, optimize their back-office operations, create cost efficiencies throughout the policy lifecycle, and acquire new customers through all distribution channels including a direct-to-consumer channel with a unique industry leading digital model.
“With a targeted focus on L&P insurance BPO and truly end-to-end servicing capabilities, SE2 is well-positioned to address L&P insurers’ operational and business challenges. It has a proven track record of leveraging BPaaS to help its clients in not only overcoming the productivity challenges of legacy back-ends, but also in driving the top-line via accelerated product design and launch, and direct-to-customer channels. As SE2 continues to evolve its technological, operational, and domain-related capabilities via in-house developments and strategic partnerships, it remains differentiated in the L&P insurance BPO market,” said Saurabh Verma, Practice Director, Everest Group.
The report evaluates the global L&P insurance BPO market and its service provider landscape. It also provides a detailed analysis of the vision and delivery capabilities as well as market impact of service providers and their relative position on the Everest Group PEAK Matrix™ to assist key stakeholders (insurance providers, service providers, and technology providers) in understanding the current state of the L&P insurance BPO service provider landscape. The Everest Group Life and Pensions Insurance BPO – Service Provider Landscape with PEAK Matrix™ Assessment 2018 can be accessed here.
About SE2
SE2, an Eldridge Industries portfolio company, is a recognized leader and one of the most innovative technology and third party administration companies focused on the North American life and annuity insurance industry. SE2 has an unmatched track record in optimizing back-office operations to future-proof insurance companies. SE2 combines peerless industry domain knowledge with a leading-edge administration technology platform to help clients launch products rapidly, improve efficiencies, shift to a variable cost model and maximize profits while dramatically improving the customers’ experience. SE2 supports more than 20 direct clients, represents more than 35 carriers in North America and services more than 1,000 life and annuity products. SE2 has approximately $100 billion in assets under administration and has been recognized as an industry-leading innovator. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.
About Eldridge Industries
Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries please visit www.eldridge.com.
Contact For SE2:
Ned Tadic, 312-329-3979
