(Image source: Kuvare US Holdings website.)
Kuvare US Holdings, a Chicago-based life and annuities company with consolidated assets of over $2.5 billion, has chosen SE2, a Topeka, Kan.-based third-party administrator for the North American life insurance and annuity industry, to modernize its technology systems, deliver technology innovations, enhance new product launch capabilities, and provide a broad range of administrative services designed to distinguish Kuvare portfolio companies in the marketplace.
“We are pleased to have selected and to be working with SE2 for its in-depth insurance expertise, modern end-to-end technology platform, and ability to meet our rigorous service standards,” comments Carlos Sierra, COO of Kuvare US Holdings. “This partnership will give the companies in our platform access to up-to-date technology and capabilities that should support our distribution partners’ ability to service the financial goals of our policyholders.”
Kuvare US Holdings completed the acquisition of Guaranty Income Life Insurance Company (GILICO) in Baton Rouge, Louisiana a little over a year ago. SE2’s first project implementation for Kuvare focuses on GILICO, utilizing Aurum, SE2’s proprietary state-of-the-art technology delivery platform. Among other benefits, this technology has enabled Kuvare’s recent national launch of an innovative indexed annuity product, the vendor reports.
Other recent M&A activities of Kuvara include the Sept. 2017 acquisition of the United Life Insurance Company in Cedar Rapids, Iowa.
“We are privileged to team with Kuvare and GILICO in advancing and supporting their impressive current and future growth plans through the benefits of technology services,” comments Gautam Thakkar, SE2’s CEO. “SE2 is dedicated to future-proofing our clients’ businesses, and our initiatives with Kuvare will be representative of SE2’s impactful contributions as a trusted partner.”