Lumera acquires Ai-London

Lumera , a European provider of a policy admin system to L&H insurers, plans to acquire Ai-London , another platform provider to life and pension providers. With the transaction completed, Ai-London will be a fully integrated Lumera company.

Lumera’s acquisition of Ai-London serves two purposes: it will help the company achieve its strategic goals of growing into new markets, and it will significantly increase Lumera’s technological portfolio.

“Entering the UK, the world’s second-largest life insurance market is an essential part of our European expansion strategy, and doing so by joining forces with Ai-London is an opportunity we wouldn’t want to miss. We see a strong cultural fit between our organizations, including a common mission to “The Prudent Revolution” to the Life and Pensions industry. Our respective technology portfolios are highly complementary, with Ai-London adding digital engagement capabilities that will certainly appeal to Lumera’s customers.” – Mats Lillienberg, CEO, Lumera.

Founded in 1992, London-based Ai-London adds experience from the UK, Ireland, and several international markets. Leveraging Ai-London’s existing offering, Lumera expects to accelerate “The Prudent Revolution” and create the world’s first AI-Powered PAS.

“We are thoroughly pleased to be uniting with Lumera. This match brings long-term positive implications for our customers and enables us to serve more and even larger insurers with our AI-powered PAS offering. We are equally impressed by Lumera’s modern technology stack and the professionalism of their team, including an excellent track record from successful implementation and migration projects for the leading Nordic insurers.” – Andrew Hubbard, CEO, Ai-London.