TOPEKA, Kan.--(BUSINESS WIRE)--SE2, a leading third party administrator in North America for the Life and Annuities market, announced today that it has been named as a ‘Leader’ in the Everest Group PEAK Matrix™ Assessment 2016 for Life and Pensions (L&P) insurance BPO.
"Our assessment shows that SE2 has invested in technology solutions and innovations and has proven ability to deliver transformative end-to-end services in life and annuity insurance resulting in strong overall buyer satisfaction," said Anupam Jain, Practice Director, Everest Group.
“We are delighted to be recognized as a ‘Leader’ in the Life, Annuities and Pensions BPO space by Everest Group,” said Gautam Thakkar, CEO, SE2. “This recognition is a testimony to our significant investments in disruptive technology backed by strong insurance operations capabilities and speaks to our unique ability to enable insurance carriers to future-proof against the transformative and disruptive shifts underway in the industry.”
SE2 uniquely combines purpose-built, reliable, end-to-end operation services with SE2 Aurum, the most advanced and complete 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. SE2’s local domain-driven operations and delivery centers in Kansas and New Jersey enable a best of breed service model by blending local capabilities with its global centers.
The Everest Group report evaluated 20 service providers on four key areas: Performance, Experience, Ability and Knowledge (PEAK). Service providers were then positioned on the PEAK Matrix based on the evaluation of two key dimensions: market success and delivery capability. The Everest Group Life and Pensions Insurance BPO – Service Provider Landscape with PEAK Matrix™ Assessment 2016 can be accessed here.
SE2 is the leading third-party administrator for the North American life and annuity insurance industry. Recognized for its innovation, 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 enable insurance carriers to shift to a variable cost model. SE2 helps clients launch products rapidly, improve efficiencies 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.