Launch new offerings from a pension administration system that’ll last forever

Choose a pension administration platform built to support fast, easy, continuous innovation – and the safest pair of hands to lead you onto it.

The pension administration system for fast, flexible innovation

Competition across Life and Pensions is increasing, as a new breed of enlightened policyholders bring elevated expectations to your doorstep.

But the speed you can innovate for customers is dictated by the systems you use. And if your foundational tech doesn’t actively enable change, it’s holding you back.

Here’s why legacy systems make innovation feel impossible:

You’re drowning in inefficiencies and workarounds, so basic daily administration takes all your available bandwidth. And then some.

Your customer data is patchy and poor, so you’re stuck with best guesses on what customers want and need – and governance is a nightmare.

Lumera’s future-proof platform uses an API-first architecture that makes it easy to spin up new capabilities, and create innovative and personalised member experiences. And because it’s open and cloud-based, it’ll grow with you – forever. So you’ll never be here again.

But there’s another big reason to choose Lumera…

Leave tech debt behind

Introducing new technologies to enable innovation without reducing the management burden of your legacy systems is like adding another block onto an increasingly precarious Jenga tower.

You don’t just need fewer systems to manage. You need to change the game entirely by migrating and consolidating every scheme into one system that does it all.

When you do that, you get:

A holistic view of all your policyholder data, to empower cost-effective, joined-up transformation that serves true customer needs.

Strategic freedom to create new offers and capabilities faster, without an iceberg of tech debt forcing you to drift with the current.

An accessible system that solves the looming knowledge gap, as experienced staff retire, taking specialised knowledge about legacy systems with them.

Lumera’s team have spent decades helping insurers and providers innovate for tomorrow while removing yesterday’s burdens with safe, sensible migration that transforms your whole business.

Safe, sensible migration

The outcomes (and future potential) you unlock when you migrate to Lumera are vast – but the process of getting there needs to be measured and intentional. Without the right expertise, planning and implementation, replatforming can be complex and painful.

Lumera’s team have been doing this day-in, day-out, for decades. We’ve migrated 16 million policies – and we’ve never failed.

The Prudent Revolution is a model for whole-business overhaul, specifically de-risked for Life and Pensions. It’s iterative transformation starts with your biggest business goals, creating value fast then spreading across your organisation.

So if it’s issuing new schemes you want, we’ll start there – but we won’t end there. We’ll systematically identify every constraint that’s stopping you from modernising, and map them into a new, built-for-forever digital system that’ll leave the old world behind.

Our clients

Our clients represent the entire range of companies in the Life and Pensions industry.

AMF

How we helped a mutual insurance company to reduce complexity by a pioneering aggregation of agreements to lower fees and a migration to a modern policy administration environment.

Learn more