Automate Calculations and Illustrations Effortlessly
In Life and Retirement, innovation, agility and modernization can really move the needle. Coherent Spark revolutionizes how insurers manage their complex models, digitize illustrations and modernize legacy systems by automating Excel-based workflows. With our powerful platform, you can convert Excel logic into code that seamlessly integrates with any system via API, improving speed to market, cost efficiency and ultimately driving revenue growth.
Our Clients & Partners
Rapid Product Launches
Bring new products to market in less than 90 days and accelerate distribution and top line growth. With Spark as your backend calculation engine, you can launch offerings that were previously impossible to create in rapid timeframes, allowing you to stay ahead of the competition.
Significant Cost Savings
We have helped clients achieve remarkable cost efficiencies, with one client saving up to $3 million in development costs and hundreds of hours in administrative tasks. In another case, a Tier 1 life client saved 960 IT hours annually on rate changes alone. See how Spark can help you unlock savings, maximize your ROI and free up your resources for innovation.
Enhanced Governance and Control
Our solution reduces manual intervention and human error, providing a single source of truth for all assumption logic. This ensures consistency and accuracy in your actuarial modeling, product calculations and digital illustrations, enhancing overall governance.
Flexible Actuarial Modeling
With next-generation auditability and processing power, Spark enables dynamic modeling without the need for extensive system overhauls. Easily run simulations or stochastic modeling, keeping your existing spreadsheet logic intact while providing advanced testing capabilities.