Global Partnerships

EY and Lumnion have signed a new collaboration in the insurance industry. As part of the collaboration, EY and Lumnion will provide companies with agility and optimization through artificial intelligence-based solutions, addressing the industry's needs based on pricing, actuarial, analytics and regulations such as IFRS 17 (International Financial Reporting Standard).

Through this collaboration, EY and Lumnion will both enable machine learning based risk modeling and pricing management using the Artificial Intelligence driven insurance pricing platform in the area of insurance pricing and develop software and solutions to optimize business processes in the insurance sector, in line with the new generation of analytics and regulations for the sector.

The goal of these efforts is to meet the needs and expectations of the sector, to make the sector more agile and to help companies monitor and report the process in accordance with the various regulations that will be on the agenda in the coming days in the field of pricing.

SAP Fioneer, supported by world leading technology provider SAP, that aims to take financial services to the next level with innovative solutions and platforms, chose Lumion, who specializes on machine learning modeling and is an expert in insurance pricing, as the solution partner of their “Amplify Insurtech” partner program, which they built with the motto “Building the next generation of insurance together”.

Lumnion is quickly becoming an integrated part of the SAP Fioneer's insurtech ecosystem. We collaborate and co-innovate in machine learning in actuarial data science, risk pricing, commercial pricing management, impact analysis, and portfolio optimization. This partnership will significantly impact the insurance industry and insurance technologies.

Lumnion's Pricing Platform offering has undergone review and approval by Amazon Web Services (AWS) through the Foundational Technical Review (FTR). The FTR confirms to customers that Lumnion meets AWS' high security, reliability, and operational excellence standards. Our platform has become cloud-ready in partnership with AWS.

Amazon Web Services (AWS) is the world’s most comprehensive and broadly adopted cloud, offering over 200 fully featured services from data centers globally. Millions of customers — including the fastest-growing startups, largest enterprises, and leading government agencies — are using AWS to lower costs, become more agile, and innovate faster.

We are proud to partner with Affinitybox in developing an End-to-end Management of Health Insurance Processes. With Lumnion’s AI-Driven pricing platform, companies can even personalize pricing and gain valuable customer insights.

We believe that our collaboration with Affinitybox, which develops software solutions and R&D projects for the insurance industry and offers solutions and consultancy in the fields of health insurance, digital insurance and digital transformation, is of great importance. This partnership will provide insurance companies with great convenience in managing their health insurance portfolios and increase efficiency and profitability.