Insurtech Lumera has agreed to amass ITM, an impartial supplier of knowledge administration and expertise options for UK Life and Pensions.
ITM supplies Lumera with presence and capabilities to speed up progress within the UK Coverage Administration Programs market.
As well as, the deal helps Lumera’s strategic aims for coming into new markets, whereas bringing substantial additions to the providing, together with tech-enabled specialist companies for knowledge evaluation, regulatory compliance assessments, de-risking and legal responsibility administration, platform knowledge migrations, knowledge high quality administration, knowledge cleaning and tracing.
“It is a union of two profitable companies with a lot in frequent, and above all, a joint imaginative and prescient for digitalizing the Life and Pensions trade which we serve,” says Jonas Alfredson, CEO of Lumera. “With their mixture of trade and tech experience protecting Life and Pensions, knowledge administration and pensions dashboards, ITM is a trusted companion to leaders within the UK Life and Pensions house, resembling our standing within the Nordic markets. I’m additionally assured that our groups are complementary and extremely appropriate by way of abilities, spirit and tradition.”
“We consider the time is correct for ITM to enter a brand new section and a bigger context,” says Mark Lecompte, CEO of ITM. “We stay up for Lumera supporting our ongoing progress within the UK pension knowledge market. Strategically and culturally, Lumera supplies a wonderful match with our organisation, in addition to with our expertise and companies portfolios. Along with Lumera, we now stay up for additional strengthening our providing so as to add much more buyer worth. Lumera has completely impressed us with their PAS expertise and their observe file from working with prospects by means of main transformation in among the best insurance coverage and pensions markets.”
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
useful
resolution for what you are promoting, so we provide a free pattern you could obtain by
submitting the beneath type
By GlobalData
