Life Insurance & Annuities
Life insurance carriers and annuity manufacturers use Spark to keep their product offerings on the leading edge of the industry, where speed is a competitive advantage—especially in response to changing economic conditions.
Life insurance carriers and annuity manufacturers use Spark several ways:
Investment-linked policy (ILP) product acceleration
Distribution illustration and calculation
IFRS 17 and US GAAP LDTI modeling & control
Capital / valuation modeling
Excel-to-API Leads to ROI
Re-price Products Fast
If you’re looking for a faster way to re-price your products in line with the rapidly rising 10-year US Treasury, you’re not alone. We know how hard business leaders and IT teams work to bring products to market. Our team of former industry executives and actuaries have built a solution for your entire product suite (every product, every version)—throughout the product lifecycle.
All you need to know is Excel
Build your products in Excel
Tag your inputs and outputs in your Excel file
Test and simulate changes to pricing or other variables
Spark generates application programming interfaces (APIs) for illustration tools or other platforms
Re-price products in real time
Faster Product Innovation
Success with Spark means rising to the challenge of a rising rate environment, or any moment when time is of the essence. Now your product and actuarial teams can manage pricing with speed and precision. Build, maintain, and go to market with your whole product catalog—using a no-code solution that’s as flexible as Excel, without coding in another programming language.
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.
Ready to see how Coherent Spark can work for you?
Give us your spreadsheet logic of any complexity and we’ll show you how Coherent Spark can transform it into an API in seconds. Contact us today for a demo.
Get in touch to see the power of Coherent Spark for yourself
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