SH Pension migrates to cloud-based policy administration solution by Lumera partnering with Future Core Cloud
Lumera builds on industry partnership with Future Core Cloud to deliver a cloud-based policy administration solution to occupational pension provider SH Pension.
Stockholm, October 12, 2023 – Lumera, a leading insurtech company dedicated to the digital transformation of the European life and pensions industry, partnering with Future Core Cloud, has signed a multi-year agreement with SH Pension, a provider of occupational pensions for the Swedish trade and retail industry.
Under the agreement, a SaaS solution based on the Lumera policy administration platform will replace SH Pension's legacy administration applications. The new cloud-based solution enables SH Pension to leverage Lumera’s platform without the need for large capital investments or extensive customization work.
“We chose Lumera and Future Core Cloud (FCC) to get a standardized platform for our entire business. Working with FCC, we look forward to further streamlining our operations while enabling even better services for our customers and partners. With smooth implementation and convenient SaaS delivery, we will have a powerful, flexible solution to support our business and long-term growth,” says Annelie Helsing, CEO, SH Pension.
As part of their partner agreement with Lumera, Future Core Cloud will be responsible for the implementation project, managing the production environment, and providing additional services to SH Pension.
“We are very pleased with our collaboration with Future Core Cloud, which helps facilitate this solution for SH Pension. Our joint project demonstrates the power of Lumera's partner strategy, inspiring and paving the way for future ventures. Building strong industry alliances is a success factor for Lumera, particularly when we are addressing new markets,” says Mats Lillienberg, Group CEO at Lumera.
With a background as a consulting company in the financial industry, Future Core Cloud combines industry experience from life and savings with solid software and Lumera platform expertise. The partnership with Lumera enables Future Core Cloud to offer a turnkey solution for mid-sized life insurers and occupational pension providers.
“We are proud to take our partnership with Lumera to the next level by delivering a future-proof platform to SH Pension. This will help them drive further digitization and at the same time constitutes a proven solution,” says Johan Modig, CEO, Future Core Cloud.
For more information, please contact:
Lumera:
Mats Lillienberg, CEO: +46 70 848 81 87, mats.lillienberg@lumera.com
Christine Blinke, CMO: +46 73 668 60 08, christine.blinke@lumera.com
Future Core Cloud:
Johan Modig, CEO: +46 70 583 28 08, johan.modig@fcfconsulting.se
SH Pension:
Annelie Helsing, CEO: +46 73 656 59 67, annelie.helsing@shpension.se
About Lumera
Lumera is dedicated to the digital transformation of the European Life and Pensions industry. As insurtech innovators, we are introducing AI-powered automation and business analytics to policy administration. The Prudent Revolution is our mission – bridging technology and partnership to navigate the fastest, safest path through complex change for L&P providers. With a faultless track record from extensive migration projects, Lumera combines our cloud-native policy administration platform with deep domain expertise.
www.lumera.com
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About Future Core Cloud
Future Core Cloud is part of the group Future Core Fintech Consulting, founded in 2017, which delivers IT and consulting services to the financial industry, primarily in life insurance and savings. The Future Core Fintech Consulting team has extensive experience from life insurance and expertise on Lumera’s policy administration platform.
www.fcfconsulting.se
About SH Pension
SH Pension is a customer-owned occupational pension association that assists companies, their owners, and employees with occupational pensions and security insurance. Since 1946, we have been taking care of the financial security of business owners during and after their working lives.
In 2021, SH Pension transformed into an occupational pension association and is now open to all business owners, whereas previously we exclusively served members within the Swedish Trade Association.
www.shpension.se
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