SEB Administrative Services Inc.

Published purpose

FlexPlus Enterprise: to onboard & administer benefit plans for Canadian small and medium size employers (“SME” or “Emerging”). FlexPlus Enterprise will provide emerging market employers with cost-effective and efficient plan design flexibility typically only available to large market employers. It will enable SEB to provide fully managed Third Party Administrators (“TPA”) environments on a white label basis to Channel Partners (Brokers, MGAs, Carriers and other TPAs). It will turn cost centers into profit centers for Channel Partners, providing more than 20 new revenue models versus the 2 to 5 revenue models they have today. The benefits for the Emerging market targeted clients will be more flexible plan designs, better analytics, reduced fraud and errors and optimal processing costs.