Coherent's Spark platform allows insurance carriers to convert existing Excel spreadsheet models, including actuarial pricing and product logic, into production-grade cloud microservices via API without recoding. This eliminates the bottleneck of translating actuarial work into IT-deployable systems, accelerating product launches and pricing updates.
Key features: Excel-to-API conversion for actuarial and product models · Version control and model governance for spreadsheet logic · Real-time API execution for pricing and underwriting decisions · Calculation transparency and audit trails · Integration with policy admin and distribution systems
Pros: Eliminates the actuarial-to-IT translation bottleneck · Actuaries maintain models in familiar Excel without developer dependency · Reduces time from product design to market deployment · Applicable across life, health, and P&C lines
Cons: Value is highest for carriers heavily reliant on Excel models · Enterprise implementation required · Pricing not publicly listed
Pricing: Quote-based, not publicly listed.
Best for: mid-large carriers
Audience: carrier
