Lumos Insurance and illumifin Announce Strategic Partnership

Partnership pairs Lumos's A- rated, nationally licensed carriers with illumifin's administration platform to give partners a combined and scalable insurance solution

CROSSVILLE, Tenn., Nov. 3, 2026 /PRNewswire/ -- Lumos Insurance™, an AM Best A- (Excellent) rated multi-line insurance carrier, and illumifin, a provider of insurance administration and technology services, today announced a strategic partnership to collaborate on insurance opportunities—including life insurance, annuities, and senior health products—that require or could benefit from combined access to nationally licensed insurance carriers and scalable administrative services.

Lumos offers partners access to its highly rated, nationally licensed carriers. The 45-year carrier has spent the past several years modernizing its core systems, governance, and operating cadence ahead of its expansion into existing and new lines of business, including the life insurance, annuities, and high-demand senior health market. illumifin supports insurers with policy administration, claims processing, billing, and analytics for life, health, and annuity products. It is also the largest payer of long-term care claims in the United States.

"We are always looking for ways to create more value for the partners and customers we serve," said Vince Bodnar, President of Lumos Insurance. "By working more closely with illumifin, we can bring together complementary capabilities in a way that makes it easier to design and deliver practical, scalable insurance solutions."

"This partnership reflects our shared commitment to supporting the insurance industry with flexible, efficient solutions," said Peter Goldstein, Executive Chairman of illumifin. "Combining our administrative expertise with Lumos Insurance's underwriting capabilities and nationally licensed carriers creates a stronger platform to serve the evolving needs of our partners and customers."

The collaboration is intended to enable both organizations to pursue opportunities more efficiently while providing more flexible, scalable solutions to the partners and customers they support.

Recently, Lumos has been building on its longtime base of credit protection products to expand into new markets that demand innovative technology and modern ways to scale, including senior health, short-term care, long-term care, and annuity products. Its newest initiatives focus on seniors who want coverage designed around their needs rather than one-size-fits-all, commodity products.

About Lumos Insurance

Lumos Insurance is an insurance holding company with a 45-year history built on serving banks, lending institutions, and their customers through its 49-state-licensed property-casualty insurer (Plateau Casualty Ins. Co.) and 48-state-licensed life and health insurer (Plateau Ins. Co.). Rated A- (Excellent) by AM Best and Tennessee-domiciled, Lumos Insurance and its carriers are actively expanding into new lines of business through both innovative proprietary insurance products and partnerships with market-leading underwriters. For more information, visit www.lumosinsurance.com.

About illumifin

illumifin provides third-party administration and technology services to individual and group insurers in the life, health, and annuity markets, supporting new business and underwriting, policy owner services, billing, and claims administration for open and closed blocks of business. For more information, visit www.illumifin.com.

SOURCE Lumos Insurance