The UK insurance landscape mirrors its Nordic counterparts in facing economic and demographic challenges. Both have navigated common reforms, including customer-centric regulations and the shift from traditional Defined Benefit pensions to Defined Contribution schemes due to factors such as prolonged low interest rates and extended lifespans. This has exposed vulnerabilities in established policy administration systems, necessitating a shift towards more sustainable models.
Drawing from 20 years of experience in the Scandinavian Life and Pensions market, Lumera offers this e-Book to present five pivotal insights. These insights distill lessons learned from the Nordic landscape, aiming to guide UK Life & Pension providers in adopting effective technology strategies for the future of pensions administration.