Coherent Spark for Insurance

About Coherent Spark

At the core of the Coherent platform, Coherent Spark converts spreadsheet-based models, business rules, and calculations into secure, high-performance REST APIs - without requiring formulas or logic to be rewritten in code. Spark preserves the original spreadsheet-based logic exactly as authored, enabling organizations to operationalize critical business decisions at scale.

Spark for Insurance Rating and Pricing

For P&C insurers, MGAs, and wholesalers, one of the highest-value applications of Spark is transforming spreadsheet-based rating and pricing models into real-time production services that power quoting engines, underwriting workbenches, and policy administration workflows.

Insurance rating models are inherently complex. They incorporate risk factors, territory definitions, class codes, schedule and experience modifiers, loss cost multipliers, fee structures, reinsurance terms, and layered business rules that reflect years of actuarial judgment and regulatory filings. These models are built and maintained in spreadsheets because that is where actuaries work - but Excel is not designed to integrate with production systems leaving an operational gap.

Spark bridges that gap. Actuaries continue building and refining models in spreadsheets. Spark converts those models into governed APIs that deliver rating calculations up to 1,000x faster than traditional rating engines - without a single line of custom code or IT involvement for routine updates. Product teams gain speed. Actuarial teams retain ownership. IT teams gain control. And regulators get the transparency and audit trail they require.

Key Capabilities

• Convert spreadsheet-based models into secure, production-ready REST APIs - no recoding required
• Integrate rating, pricing, and decision logic into underwriting systems, policy platforms, and digital channels
• Preserve actuarial ownership while enabling enterprise IT governance and oversight
• Reduce product and rate update cycles from months to days
• Run multiple model versions simultaneously to support filings, program tiers, and product variations
• Provide full traceability, version control, and audit readiness for every model and API call
• Eliminate manual spreadsheet workflows and reduce model risk
• Test with confidence using a robust environment for scenario analysis and validation

About Coherent Global

As an AWS Partner, Coherent Global delivers an enterprise SaaS platform that enables financial services organizations to discover, govern, and operationalize the business logic embedded in spreadsheet models. Trusted by more than 150 global institutions - including insurers, brokers, MGAs, asset managers, pension funds, and banks - Coherent brings enterprise-grade control and scalability to environments where Excel is the language of business.

Across insurance, banking, and capital markets organizations, critical models are often spread across thousands of unmanaged spreadsheets with limited visibility, no version control, and no reliable path into production systems. For insurers, this leads to slow product launches, undetected model risk, and heavy reliance on IT for routine updates.

Coherent addresses these challenges through three integrated capabilities:

• Insights - Discover and catalog spreadsheet-based models across the enterprise, creating a governed inventory of business logic with full lineage and dependency mapping.
• Control - Apply version control, audit trail, access management, and traceability to every model - meeting governance and regulatory requirements.
• Spark - Convert spreadsheet models into secure, production-ready REST APIs that integrate directly into enterprise systems - no recoding, no replatforming, no disruption to existing actuarial workflows.

This approach allows organizations to retain the flexibility of Excel while adding the governance, scalability, and operational reliability required for enterprise production environments - resulting in faster decision deployment, improved transparency, and reduced operational risk.

This offering is for NON-PRODUCTION USE ONLY. For production use, custom pricing, EULA, or a private contract, please contact coherent.marketplace@coherent.global , for a private offer.