- Smart Employee Benefits (SEB) has received extensions and net new business contracts valued at greater than $22.2M
- This brings contract wins and extensions to over $205.0M over the past 15 months
- SEB’s “White-Label TPA” sales pipeline includes billions of dollars of premiums, of which approximately $2.0B is in advanced stages of negotiations
- SEB is a provider of IT and benefits processing software, solutions and services for the Life and Group benefits marketplace and government
- Smart Employee Benefits Inc. (SEB) opened trading at C$0.22 per share
Smart Employee Benefits (SEB) has received extensions and net new business contracts valued at greater than $22.2M.
This brings contract wins and extensions to over $205.0M over the past 15 months.
SEB’s RFP sales pipeline includes tens of millions of dollars of contract value where decisions are pending over the next several months.
In addition, SEB’s “White-Label TPA” sales pipeline includes billions of dollars of premiums, of which approximately $2.0B is in advanced stages of negotiations.
SEB currently has over 530,000 plan members under contract, representing approximately $1.3B of premium. Approximately 370,000 plan members are fully deployed to SEB’s benefits processing TPA platform with over 160,000 in transition. SEB solutions can capture over 90 per cent of the fees spent to manage a plan member, which typically are in the range of 7 per cent to 10 per cent of premiums.
SEB is a provider of leading-edge IT and benefits processing software, solutions and services for the Life and Group benefits marketplace and government.
Smart Employee Benefits Inc. (SEB) opened trading at C$0.22 per share.
