SE2 is embarking on an ambitious plan to uplift its supplier risk management program to effectively assess critical and outsourced services in a streamlined way using industry best practices. To guide this process, the organization has adopted KY3P® by IHS Markit as its strategic third-party risk management (TPRM) solution. The firm will leverage KY3P as a managed service hosted on the cloud. SE2 is the #1 administrator of variable annuities in the U.S., delivering solutions to innovative life and annuity insurers, with over $100 billion AUM on the SE2 Aurum platform.

KY3P will provide SE2 with a fully managed service solution for TPRM and will handle new vendor requests from onboarding and due diligence through lifecycle oversight and termination. As part of the managed service, SE2 will have access to KY3P’s patented, industry leading platform and the ability to leverage IHS Markit’s industry expertise for TPRM and supplier risk for management and execution of due diligence.

"We are very happy to have selected KY3P for our TPRM program. KY3P gives us a transparent and unified platform for our vendor risk program,” said Josh Everett, Director and Chief of Staff to the CEO at SE2. “The expertise to manage the supplier lifecycle and conduct due diligence allows us to focus on managing the vendors and the risks rather than the process. The fully managed services solution provided by the KY3P team allows me to quickly stand up a world class solution and dynamically scale up as SE2’s success continues in the marketplace."

"Given its impressive and unique position in the industry, we are delighted to support SE2 over the course of their exciting transformation journey and beyond," said Richard Blore, CEO of KY3P at IHS Markit.

"TPRM solutions are rapidly moving to platform and managed services, as it is getting harder and more expensive to find skilled resources with industry experience to manage and conduct end to end third-party risk management,” said Peter Pernebo, Global Head of Third-Party Risk Management Solutions at IHS Markit. “Our solutions across the entire lifecycle include technology and data as well as deeply skilled resources. We are excited and honored by the trust SE2 is putting in KY3P and our people."