Stockholm, October 23, 2024 – Lumera, a leading insurtech company dedicated to the digital transformation of the European Life and Pensions industry, announces a minority investment from the SEB Group. This marks another milestone in Lumera’s groundwork for an IPO, as company ownership now includes three highly regarded Swedish financial institutions. In 2023, AMF and Skandia also made minority investments. Monterro, the leading Nordic B2B software growth investor, remains Lumera’s majority owner.
“We are very proud to have SEB join our circle of Lumera investors,” says Peter Larsson, co-founder of Monterro and Chairman of Lumera. “Having three prominent financial institutions committed as shareholders confirms Lumera’s success to date and confidence in our strategy for further growth across Europe.
Lumera provides safe, continuous digital transformation for the Life and Pension industry, being one of the most complex and highly regulated industries in the world. Lumera’s policy administration platform enables customers to reduce operational costs while facilitating digital transformation and enhancing business agility.
In September 2024, Lumera signed an agreement with SEB Pension & Insurance to deliver a new policy administration platform. Through this latest transaction, SEB acquires a minority of the shares from Monterro who remains the majority owner.
For more information please contact:
Jonas Alfredson, CEO, Lumera: +46 73 390 49 12, jonas.alfredson@lumera.com
Christine Blinke, CMO, Lumera: +46 73 901 02 01, christine.blinke@lumera.com
About Lumera
Lumera is dedicated to the digital transformation of the European Life and Pensions industry. As insurtech innovators, we provide technology solutions covering policy administration, data management and migration to a broad, blue-chip client base. We also combine our tech and industry expertise to offer a comprehensive range of specialist services, tailored for each local market.
The Prudent Revolution is our mission – bridging technology and partnership to navigate the fastest, safest path through complex change for L&P providers.
Based in Stockholm, Lumera has significant presence with offices in the United Kingdom, the Netherlands, Norway, Sweden, India and Vietnam. Lumera is majority owned by Monterro, the leading software investor in the Nordic region.
Follow Lumera on LinkedIn.
