Life Insurance and Annuities
Life insurance carriers and annuity manufacturers release new products faster while eliminating costly errors using Spark.
Be first to market when market conditions change
Product designs are complex and need to be coded in multiple places by different teams leading to calculation errors. With Spark you decouple your actuarial product delivery from dependent IT systems and Spark ensures everyone is on the same fully tested version.
Coordinated product versions for all systems
Testbeds that discover errors before they occur in production
Ability to rapidly adapt to changing market conditions
Dramatic gains in release cycles and time to marketing
Solutions For Every Application
Even the most complex spreadsheets can be reined in with Coherent Spark. Below is just a sampling of how Spark can bring positive impact across the insurance sector.
Life & Annuities
New business Product Illustration
In-force Product Illustrations
Back Office Actuarial Calculations
Policy Administration Conversions
Closed Block and Reinsurance Treaty Calculations
Operational Annuitization Calculations
Property & Casualty
Specialty Insurance Raters
Re-Rating and Re-pricing Books of Business
New Risk Raters
Data Modeling and sensitivity Testing
Defined contribution pricing
Lifetime income algo
Plan benchmarking tool
Erisa compliance testing
Daily valuation stable value engine
Ready to see how Coherent Spark can work for you?
You can convert your first spreadsheet by booking a demo with one of our Spark experts.