AI Insurance, a cloud platform for commercial and specialty insurance programmes, announces a new partnership with Coherent Spark to drastically cut the time it takes to turn spreadsheet-based rating models into live pricing engines. The partnership addresses the difficulty many managing general agents (MGAs) and programme leaders face when translating complex pricing logic from spreadsheets into a production-ready rating engine. This manual process typically involves months of custom development, testing, and rework, often meaning the pricing logic is outdated by the time it goes live. The integration creates a seamless pipeline that converts an insurance team's Excel rating logic into a live, production-ready rating engine in as little as four weeks, down from a typical year-long build. Coherent Spark converts a client's Excel logic—including all rates, factors, taxes, fees, credits, and debits—into a governed API service. AI Insurance then connects this service directly to its underwriting workbench and policy issuance flows. This process transforms a cumbersome, code-heavy process into a powerful, automated workflow. It allows teams to launch new programmes faster and adapt to market changes more quickly, as users can now make updates to factors, taxes, fees, and credits with ease. AI Insurance provides an all-in-one cloud platform that replaces legacy core systems, spreadsheets, and inboxes. It covers the full policy lifecycle, including submission intake, underwriting, policy issuance, billing, claims, and reporting. Coherent is the global leader in enterprise spreadsheet automation for financial services firms, including Tier 1 insurers and wholesale brokers.
