SOURCE: se2

se2

March 28, 2011 13:17 ET

se2 Adds Another End-to-End Processing Partner

TOPEKA, KS--(Marketwire - March 28, 2011) -  se2, a leading provider of business technology and processing solutions for the financial services industry, has been chosen by a Fortune 100 insurance company to provide end-to-end technology and administration services for a block of variable annuity policies.

This is the fifth company in four months to select se2 for its technology and servicing capabilities. With this new multi-year agreement, se2 now provides end-to-end processing and customer service for more than 22 major insurance companies.

"We're delighted to engage in this new partnership with another major insurance company, one of the leading providers of variable annuity retirement products," said Mary Anne Durall, se2 Vice President, Client Solutions/CRM. "We're winning new business because we bring our clients not just cost savings, but reliability. Customers choose se2 for our innovation and our exceptional end-to-end processing. We believe we exceed standards for customer service, help clients maintain their valuable relationships with their customers and consistently meet processing and regulatory standards."

Analysts see the variable annuity sector as a prime target for outsourcing, and say carriers are shopping carefully before committing to long-term arrangements.

"As we come out of the economic downturn, we are seeing carriers more seriously considering outsourcing relationships to manage their variable annuities," said Don Desiderato, Principal at Novarica, an advisory and research firm. "Whether the purpose is dealing with the high cost of variable business, risk associated with registered business or a need for more capable and reliable technology, carriers need strategic partners today that will help them execute a strategy. This often means customer and producer service."

Tom Spencer, se2 Vice President, Business Development, said the addition of a variable annuity specialist to the se2 client list was no accident.

"This is our fifth new client in four months. Clearly, our model is a great fit for the needs of life and annuity carriers in this current economic climate," Spencer said. "Variable annuities carry a significant regulatory burden, require a lot of customer interaction, and depend on stock market performance for profitability. Our state-of-the-art business processing technology delivers the efficiency-driven cost savings that keep these products in the black; our insurance background and experience are keys to our exceptional track record; and we have the reputation for treating our clients' customers as if they were our own. That adds up to a winning formula for managing variable annuity business."

About se2
se2 provides business technology and processing solutions for the financial services and retirement planning sector. se2 offers service end-to-end for life and annuity processing with an award-winning state-of-the-art technology platform and an astute understanding of regulatory compliance issues unique and specific to the financial services industry. se2's life and annuity acumen, coupled with its dedicated processing capabilities, places it in the forefront of the business processing outsourcing (BPO) industry. The se2 technology platform has been recognized as an industry-leading innovation by the Computerworld Honors Program and the CIO 100 Awards. se2 is powered by Security Benefit Corporation. For more information, visit www.se2.com.

Contact Information

  • For more information:
    Michel' Cole
    (785) 438-3396
    se2
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