Alera Group, a top independent national insurance and wealth services firm, announced today the acquisition of Lumity, Inc., a data-driven consulting company providing a modern solution for better benefits and bringing transparency and accountability to the health insurance ecosystem.
“At Lumity, our data technology, expertise, and education are designed as an end-to-end solution for high growth companies seeking to competitively recruit, engage and scale top talent,” said Senthil Nagarajan, Managing Partner of Lumity, Inc. “Our partnership approach to benefits serves to empower the employer and employee experience at fast-growing modern companies like Lyft, Greenhouse, GoFundMe, Robinhood and Bird.”
Lumity, Inc. leverages data to ensure employers get a fair group health plan rate and a better end-to-end benefits solution. Lumity’s online portal, the Health Plan Marketplace, helps customers gain control over their renewal strategy, and brings financial accountability to the largest corporate expenses and employee investments. The online portal also includes documents, data and direct communication, all in one modern interface. Lumity collaborates with a dedicated account team and employee advocates to give its customers year-round support.
“Lumity partners with the modern employer and employee to drive a competitive benefits program that delivers a superior experience,” said Alan Levitz, CEO of Alera Group. “Lumity’s technology, paired with attentive service, leads to a reduction in health insurance costs for both employers and employees. We are excited to collaborate with Lumity and the opportunity to scale their solutions across our benefits platform.”
The Lumity, Inc. team will continue serving clients in their existing roles. Terms of the transaction were not announced.
About Alera Group
Alera Group is an independent, national insurance and wealth services firm with more than $1 billion in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,500 professionals in more than 150 offices provides creative, competitive services that help ensure a client’s business and personal success.