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.

Two people looking at spreadsheet

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.

Get a head start on ESG compliance & reporting
Spark allows you to extract relevant information and update your ESG (Environment, Social and Governance) models easily on Excel.
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Boost control & governance within EUC
Spark’s strong audit capability for re-runs and data validation helps you manage EUC (End User Computing) business models and run extensive tests across different scenarios.
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Manage complex financial models directly from Excel
Spark empowers you to effectively control and manage your complex financial models on Excel with seamless and secure integration to your cloud systems.
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Manage risk models securely
Spark manages risk models securely on a central control environment to facilitate speedy model validations and reporting through strong audit and testing capabilities.
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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

We’re defining the future of logic management

Learn how TRUE was able to launch a sophisticated rate plan 6x faster with Coherent Spark

Complete your ROI

Estimate you ROI with our Spark-powered calculator.
Answer a few simple questions to find out how Coherent Spark can transform your organization.

Your Results

Initial development effort saved
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Recurring development effort saved
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Testing development effort saved
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Business Analysis and Project Management effort saved
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Total effort saved
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Potential revenue uplift
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Uplift from reduced operational risk
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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

Suggested Insurance Resources

Building modular models with Coherent Spark
Feature

Building modular models with Coherent Spark

Microsoft Excel has many qualities, but it truly shines when it comes to flexibility and readability. Business users can readily create mathematical models without learning

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