Technology

Lumera is an endlessly flexible cloud-native foundation for Life and Pensions providers to build a policy administration environment that transforms their whole business.

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What is a policy administration environment?

A policy administration environment is a standardized digital foundation to create new value across the whole life and pensions value chain.

It’s a mature out-of-the-box policy administration solution that leverages the power of the cloud to drive more efficient and automated operations across the whole business.

But it’s also a developer-centric, API-first platform for your developers to create innovative new market offerings, operational capabilities and data insights.

The result is an endlessly flexible and composable platform of functions with deep interoperability at its core – a Life and Pensions platform made for continuous change.

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Why is it different from a traditional system?

Traditional policy administration solutions are a patchwork of disparate systems that need high-touch manual management just to function.

Lumera is one unified environment of standardized policy data that processes all aspects of policy administration.

It connects to, and builds on, a transforming value chain; amplifying your areas of value, connecting to external systems and data, and driving business-wide transformation.

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What is it made of?

A policy administration environment is a cloud-native development platform that decouples critical Life and Pensions functionality from traditional legacy systems.

Organizations can quickly compose new capabilities from pre-configured discrete business functions, or leverage ready-baked standard configurations to quickly stand up new products and services.

It supports deep extensibility for businesses to reconfigure standardized functionality in line with their own business, technology and regulatory requirements – across all systems and countries.

  • Business users get a simple, clean interface supported by continuously improving functions and capabilities they need to serve a changing marketplace effectively
  • Developers get a deeply flexible platform to serve business requests and uncover new opportunities
  • Actuaries get a high-performance data-rich analytics environment that interoperates with their own tooling

How does it fit together?

Explore the Lumera stack

Lumera is composed of multiple discrete layers encompassing development methodologies, ecosystem connectivity, data management, presentation interfaces, automations and more.

Every layer seamlessly combines into an endlessly flexible, configurable and automated policy administration environment. Explore how the different layers stack up and interact with each other below.

Foundation layer

Every aspect of Lumera is designed, built and continuously developed for the cloud. We have an API and developer-first mindset, supported by guiding principles like:

Simplicity
We use a small number of technology stacks and minimize dependencies to reduce risk, economize resource management and keep distribution fast and effective.

Scalability
We maximize scalability and elasticity by delivering modular functionality – deployed in stateless containers or as processes on virtual machines.

Agility
We group functionality and services based on change boundaries so autonomous teams can develop quickly.

Resilience
We maintain low system complexity and manage all core data in a central storage service, independent from individual functions and services.

Platform

Lumera is a data model-driven platform and framework on which users build functionality and applications from composable capabilities.

The platform layer integrates with a central data service to manage consistency, versioning, automation and scaling.

It supports ready-made business functionality while enabling additional configuration, customization, parameterization and more.

Application

The application layer is where ready-made functionality can be combined with standard configurations, process capabilities, calculations, batches, and more.

The result is standard and generic production-ready services, composed from discrete elements and ready to be used as-is, or configured further.

Country Layer

The country layer overrides the standard configurations from the application layer with country-specific changes and additions – configurations, functions, languages and integrations to meet region-specific needs.

Country configurations include product types, tax handlers, processes, legislation, language, rules, standard country integrations and more.

Customer config

The customer configuration layer builds on the regional changes made in the country layer to customize business functionality for your specific business needs, encompassing: detailed product configuration, naming, processes, communication layout, business rules and more.

Lumera is inherently flexible. Applications are production-ready from the application layer upwards – primed for any country and customer configurations needed.

Extensions

Users can easily extend and expose business functions to the wider insurance and pensions ecosystem by using our APIs to build integrations, scripts, portals and applications. Any ready-built extensions reflect the business logic of the country or customer configuration.

You can also extend Lumera with proprietary attributes and data through the GUI, and insert custom scripts or algorithms that add or change calculations and behaviors.

PAE

Every layer of Lumera combines to form a policy administration environment. This is a breakthrough in creating and delivering critical functionality to the business that leverages the cloud to abstract business outcomes from system requirements and dependencies.

Interface

Lumera’s front-end is accessible to business users through a browser, as a SaaS application. Users can manage and automate complex processes all across the life and pensions process in a simple graphical interface – throughout the life-long customer journey.

Omnichannel

Lumera is more than an administration system – it integrates across every device, system and actor across the life and pensions value chain.

Automation

Lumera was built for hyper-automation – it will automatically and intelligently run most processes, continuously accounting for every configuration and transaction across the stack, with full traceability and auditability.

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