Lumera, an insurtech company dedicated to the digital transformation of the European Life and Pensions industry, entered into an agreement to acquire Acuity, a consultancy firm serving the UK market, specializing in pensions and workforce reforms for public sector pension schemes. The firm reportedly has relationships with some of the United Kingdom’s pension schemes, including the NHS and Civil Service Pension Schemes, as well as central government departments, “providing the team with insight and access to the heart of pensions policy and delivery.”
Acuity now reportedly delivers services across central government and the public sector, blending pensions knowledge “with behavioral insight to deliver better outcomes for pension schemes and members.”
Their team brings a deep experience of “delivering high-profile projects for public sector clients, from major change management programs to evidence-led communications strategies and campaigns.”
Following the acquisition, Acuity will join Lumera’s UK organisation, which will then “expand to around 165 employees.”
Financial terms of the transaction are “not disclosed.”
Lumera is an insurtech driving digital transformation “for the Life and Pensions industry in Europe.”
They provide technology solutions for “insurance administration, data management and migration to a base of clients.”
In addition, they have a range of services that combine “technology and industry expertise, tailored to each local market.”
Their mission – the Prudent Revolution – is about “combining technology with partnerships to offer Life and Pension companies the fastest and safest journey through complex change.”
Lumera is headquartered in Stockholm, with additional “offices in the UK, the Netherlands, Norway, Sweden, India and Vietnam.”
The principal owner of Lumera is Monterro, a software investor in the Nordics.
As mentioned in the announcement, Acuity enables “public sector pension schemes to deliver better outcomes for their members.”
They combine project management, “behavioral science and deep pensions expertise to simplify complexity and strengthen decision-making.”
Their mission is to support clients with complex problems by “understanding people and guiding organisations through demanding change.”
With experience managing projects and programs within the public sector, Acuity’s evidence-led approach has built long-standing partnerships.