TOPEKA, Kan.--(BUSINESS WIRE)--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.
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