The latest update from Lumera for you;
Lumera, a leading insurtech company dedicated to digital transformation across the global Life and Pensions industry, announces the completion of another major migration for Nordea Life and Pension, a leading Nordic life insurance and pension provider. The migration transferred 1.1 million investment accounts to the Lumera platform. Following its completion, a total of 1.3 million investment accounts are now managed on the Lumera platform.
Lumera is collaborating with Nordea Life and Pension Norway on a multi-year transformation programme to modernise the administration of the company’s life and pension insurance portfolio. The programme entails a phased transition from legacy systems to the cloud-based Lumera platform. It is proceeding according to plan and set for completion by 2030.
“We are proud of our partnership with Nordea Life and Pension Norway and the continued progress we make together. These achievements demonstrate how Lumera’s platform and expertise can support clients through the transformation and modernisation of their core applications,” says Jonas Alfredson, CEO, Lumera Group.
The Nordea Life and Pension Norway implementation combines deep industry expertise with a structured delivery model for complex, large-scale data migrations. Lumera has taken end-to-end responsibility across planning, development, implementation, go-live and hypercare. With the migrations completed and hypercare formally concluded, the investment-account portion of the project has transitioned to an operational state.
“The successful completion of these migrations and the conclusion of hypercare mark an important achievement in our transformation journey with Nordea Life and Pension Norway. This result reflects the dedication, expertise and collaboration of the Lumera and Nordea teams who worked together to deliver a complex migration safely and successfully,” says Øyvind Grini, Managing Director, Lumera Norway.
The new solution facilitates the development of new digital services for Nordea Life and Pension Norway, while enhancing scalability and reducing complexity across the enterprise application landscape. Additional expected benefits include lower costs and reduced operational risks.
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