SE2US-based Insurtech firm SE2 to expand operations in India by opening a technology and innovation centre in Pune.

It provides technology-driven third-party administration services to insurance and annuities companies in the United States. The Kansas-headquartered firm ventured into India in March 2019, with its first operation in Gurugram in the National Capital Region.

“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,” said Chirag Buch, Managing Partner, SE2 India.

Its Gurugram office currently has 600 employees and after the Pune centre becomes operational, the company’s total headcount in India will rise to 1,000. The company’s annual spend in India is also expected to exceed $10 million, it said in a statement.

“Our centres 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 Aurum and for comprehensive business process operations,” Buch said.

by Krishna V Kurup
Senior Market Analyst at IBS Intelligence
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