SE2 Digital Direct Life, The First Digital SAAS for Life Insurers, Introduced at SE2’s 8th Annual Partnership Forum

Business Wire

First-of-Its-Kind Digital Platform to Transform Carriers’ Ability to Go to Market with New Products

TOPEKA, Kan.--(BUSINESS WIRE)-- 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 8^th 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 can now leverage one integrated end to end digital platform for simple straight through as well as complex fully underwritten products to provide their customers a truly digital experience.”

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.