20/8/2019
PUNE: SE2, a
recognized industry leader providing technology-driven third-party
administration services for many of the top U.S. life insurance and annuities
companies, announced the launch of its Technology and Innovation Center in Pune.
Spanning 35,000 square feet of space, the Center will be
responsible for comprehensive solutions in life and annuities platforms. “SE2
is providing next-generation capabilities and a full spectrum of integrated,
end-to-end digital operation services to life insurance companies in the U.S.,”
said Vinod Kachroo, Chief Information Officer, SE2 LLC.
“As insurers continue to tackle both the challenges and
opportunities for the digital evolution, SE2 is helping clients future-proof
their businesses and navigate this transformation with a digital-first
approach.” SE2 India, headquartered out of Gurugram, started operations in
March of 2019 and currently employs a team of 600 associates providing
end-to-end service to SE2’s clients in the U.S.
“India will enable accelerating the digital journey of the SE2
AurumTM platform with Pune being an innovation hub,” said Chirag Buch, Managing
Partner, SE2 India.
“Our centers in India further augment SE2’s ability to
deliver end-to-end transformative solutions to our clients that includes
technology implementation and seamless conversion from client platforms to SE2
AurumTM and for comprehensive business process operations.”
The SE2 AurumTM platform supports over 25 customers in the
U.S. with over 1000 Life and Annuity products including traditional, variable,
universal and interest-sensitive life as well as fixed, variable, indexed, and
repetitive payout annuity products across every distribution channel including
digital. With Gurugram and Pune operations live, SE2 plans to increase its
India headcount to over 1,000 employees by 2020 and doubling it over the next
three years to support our growth plans.
“SE2 India operations will be an integral part of the
company’s existing business operations. Our initial investments have been to
the tune of $3.2 million with an annual spend of over $10 million in
infrastructure, technology and facilities. We will continue to invest in
people, processes and technology to remain ahead of the curve by at least a
decade from the industry,” Buch added.
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