Coherent for Insurance
Maximize speed, create exponential value, and seamlessly integrate to any system
Coherent Spark unlocks instant and ongoing value in spreadsheets from across your business to power competitive advantage, reduce costs, and optimize the potential of your entire technology stack. Creating ROI in moments, not months.
Outpace your competition by instantly automating all of your existing Excel assets in the cloud
Excel is the most commonly used data analysis, calculation, and modeling tool for insurers, with the majority of business logic sitting in spreadsheets. Coherent Spark enables both business users and IT teams to unlock the value of this logic and connect it to all your critical business systems, data platforms, and external partners. Stop running in circles. Run straight and fast with a better way to operate.
Where Coherent Spark can help across Insurance sectors
Property & casualty
- Product Launch accelerator
- Rating Modeling and Simulation
- Clearance rate simulation
- Claims and fraud simulation
- Re-insurance and valuation modeling
Life & annuity
- Investment-linked policy (ILP) product acceleration
- Product management
- Distribution illustration and calculation
- IFRS 17 modeling & Control
- Capital/valuation modeling
Health & Employee Benefits
- Customer needs modeling engine
- Wellness product acceleration
- Personal journey logic
- Flexible benefit rule and pricing simulation
Retirement
- Accumulation / decumulation models
- Member level unit balance calculations
- Investment portfolio analysis
- 401k modeling and simulation
Overcome common Insurance challenges with Coherent Spark
Slow time to market due to complex product & pricing
Spark instantly coverts your product and pricing/rating models, enabling you to respond to distributor and market conditions in days, not months.
Running Excel is slow
Spark transforms Excel logic to run in the cloud and is 1000x faster.
Replacing Excel is complex & expensive
Spark enables simple execution using valuable existing Excel assets through Excel add-ons or via a web interface.
Excel complicates governance risk
Spark is an enterprise-grade platform with version management and full logging of execution runs.
Ready to get started with Coherent Spark now? Visit our marketplace listings with AWS or Microsoft to get access immediately. Snowflake listing coming soon!
Coherent Spark accelerates speed to market for TRUE
Learn how TRUE was able to launch a sophisticated rate plan 6x faster with Coherent Spark
Still have questions about how Coherent Spark can work for you?
Contact us today and we will show you how Coherent Spark can transform your Excel-based business logic, for easy integration.
Get in touch to see the power of Coherent Spark for yourself
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