Swedish life and pension insurtech Lumera, has entered the UK market after acquiring Ai-London for an undisclosed amount.
Founded in 1992, Ai-London is an insurtech which operates an AI-driven, open and configurable platform for life and pension providers. Through the acquisition, Ai-London and its team will join Lumera and help support its strategic objectives for expanding into new markets and adding more technology to its portfolio. Mats Lillienberg, chief executive of Lumera said that entering the UK is an "essential part of our European expansion strategy and doing so by joining forces with Ai-London is an opportunity we wouldn't want to miss." "We see a strong cultural fit between our organisati...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
