Improve business operations
Policy data analytics provides an unmatched reflection of your business reality – your past performance, current operations and future competitive posture.
Our policy administration environment creates a clear view of standardized, structured policy data that empowers accounting to accelerate intelligent operations everywhere.
The result is faster, more effective and more automated activities in: reconciliation, values and reserves, liquidity ratios, fund order management, internal and external reporting, cross-regional compliance and more.
Understand customers’ needs
Policy data also contains rich customer and market intelligence.
A unified policy administration platform makes it easy to surface opportunities tailored for new and existing audience segments around factors like preferences, life events, churn propensity and more.
This is gold dust for your sales and marketing teams to work in closer alignment and develop continuously improving customer experiences and products.
When it comes to compliance reporting, complexity equals risk.
That’s why it’s so powerful to leverage consolidated policy data in a single cloud-based management platform.
Because you have a single, standardized view of your liabilities – and a single connector to your compliance reporting obligations and requirements.
The result is faster, more assured compliance reporting and significantly lower risk.
Enriched actuarial insights
Accurate, rich data is the baseline for making long term forecasts and daily strategic business decisions in Life and Pensions.
How your actuaries access that data (and the speed at which they can interpret it) disproportionately dictates your competitive posture.
A single platform, based in the cloud, interoperable with all business systems and integrated with all legacy systems gives actuaries the tools and intelligence they need to make big strategic decisions with confidence.
Lumera’s Data Mart is an easily-navigable playground of analytics-ready data collected from across your policy landscape. And it seamlessly integrates with your own analytics tooling.
Data insights start here
Valuable data insights in Life and Pensions is built in a transformative environment that:
- A single platform that makes data available to all business units
- Serves relevant data to improve business operations, customers experience, compliance and actuarial calculations
- Integrates seamlessly with other consolidated data warehouses and compliance reporting solutions
- Reliability that’s built for lifelong partnerships
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