Turn pension and member data into your biggest strategic asset
Independent consultancy and future‑proof technology, supported by the prudent use of AI to improve data quality and reliability, means you spend less time managing data and more time delivering value to end‑customers.
Customer-first transformation starts with trusted policy and member data
The writing is on the wall for Life and Pensions providers: start building products and experiences that empower end-customers, or start losing to the providers that do.
But before you can modernise your offer, you need to modernise your data environment — and the systems you rely on to manage it. Prudent AI can help ensure your data is accurate, consistent and ready for customer‑focused transformation, without adding risk.
Our consulting and technology services ensure that you don’t take data quality issues and complexities with you on your transformation journey.
How we help
Average reduction in pension scheme buyout costs by cleansing data before insurers take on liabilities.
Annual savings for an insurer that migrated a million member records across 700 systems to a new platform.
Errors corrected for 236 employers across 12 months when using our technology to cleanse, manage and maintain data.
What you get
A trusted single view
Accurate, clean and verified data for rich data insights and better decision-making.
Lower administration costs
A unified, SaaS-based administration platform with sophisticated process automations out of the box.
De-risked BPA transactions
Accurate calculation of scheme liabilities to help get pension risk transfer over the line, at the right price.
Fast and non-disruptive compliance
A trusted and flexible data foundation to achieve compliance with legislative changes quickly, reliably and non-disruptively.
Accelerated innovation
A robust, accurate and automated data foundation to drive new product development and create new value for end-customers.
Lumera and AI
If the Lumera brand stands for anything, it’s taking transformative change seriously.
AI holds many exciting possibilities to drive efficiency, automation and new kinds of value in Life and Pensions. Our focus is to help organisations realise these benefits safely and predictably.
But just as you should choose the right partner for replatforming, you need the right partner to implement robust and trustworthy AI that complies with local guidance (like the EU AI Act or the UK’s framework for AI regulation). We ensure AI is introduced with clear governance and purpose.
As part of the Prudent Revolution, we apply a Prudent AI philosophy: AI that is transparent, compliant and explainable, built for the complexity of Life and Pensions, and designed to augment experts rather than replace them. It evolves at the pace each organisation is ready for, supporting safe, low‑risk transformation.
Our approach leverages more than 20 years of L&P expertise and data, giving Lumera a strong foundation for industry‑specific AI models that deliver value without compromising compliance.
Lumera’s platform supports AI-readiness in three ways:
1
Future-proof development
Modular architecture that’s built to change and integrate with technological leaps — once they’re proven. This includes support for industry specific AI and machine learning models.
2
Flexible delivery
Integration of AI services from any source (APIs, third party solutions, cloud providers) within the platform — with controls for resource consumption to manage costs and power draw to meet ESG standards.
3
Scalable governance
Robust compliance via dashboards and reporting to supervise AI output in terms of transparency, explainability and auditability. AI decisions can be traced, validated and audited to support Solvency II, GDPR and emerging AI regulatory standards. This keeps AI predictable, responsible and always under human oversight.
Related solutions
Life and Pensions Administration Platforms
Flexible, automated and future-proof SaaS for group protection, defined contribution, defined benefit and hybrid schemes.
Customer empowerment
Data provision and consultancy to power pensions dashboards and self-service portals.
Migration
Strategic planning and phased implementation to consolidate legacy systems and manage your end-customer data from one unified platform.
Data consultancy
Independent consultancy and technology services to turn your end-customer data into a value-generating asset.
Transformation Consulting
From project management to business change, procurement to pensions - you set the challenge, we set the course.
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Think we’d work well together?
If you want to join forces and work together as partners – we’d love to hear from you.
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