The Easiest Way to Build Illustrations
Insurers want faster, cost-effective illustrations, with many looking to enhance their processes while reducing reliance on IT and third-party vendors. Coherent Spark enables you to accelerate and modernize illustration logic, so you can respond swiftly to market demands and deliver value more efficiently.
Break Free from IT and Vendor Dependency
There are significant hurdles when it comes to illustration calculation development.
- The process often requires extensive IT resources, leading to high costs and extended timelines.
- Illustration development and testing averages over six months. Maintaining and updating these calculations consumes valuable IT hours.
- Illustrations are frequently needed across multiple platforms—internal systems, aggregator sites, and more—compounding the complexity.
- Insurers often rely on third-party vendors for development, introducing risk of incorrect coding and costly back-and-forth revisions.
This results in hundreds of thousands of dollars spent on each product, stifling innovation and agility.
Automating Illustrations for Greater Efficiency and Control
Introducing Coherent Spark, the automation solution that transforms illustration development.
Spark eliminates the burdensome coding process, allowing actuaries to take ownership of illustration logic while freeing IT teams to focus on deployment. With Spark, any necessary illustration logic changes can be as simple as updating a spreadsheet. Our APIs seamlessly connect illustration logic across any system, externalizing the logic to eliminate system-specific limitations and technical debt.
Cut development timelines from months to weeks, with ongoing updates made in just a few days. Insurers can automate development and easily pass API integrations to third-party vendors, greatly reducing third-party reliance and risk, while maintaining ownership of the calculations.
The result? Significant savings and a future-proof illustration process.
Transforming Illustrations: Speed, Savings & Ownership
With Spark, insurers can transform illustration development with a skillset that already exists in-house. The combination of speed, savings, and ownership empowers businesses to innovate without the constraints of legacy systems and third-party dependencies.
By investing in automation, insurers can save hundreds of thousands on each product while gaining the agility needed to thrive in a fast-paced market. Embrace the future of illustrations and unlock your potential for growth and efficiency.