Life and Annuities
Redefine product development and deployment.
The friction between IT and business is well-known in the Life Insurance industry. Actuaries model risk and developers write code; bridging this gap is costly and time-consuming.
With Coherent, actuaries can accelerate speed to market and information technologists can enjoy a frictionless development cycle. Check out the business value we've delivered for our customers.
Business Value Delivered at Lightning Speed
Turbocharge Speed to Market
Agents and brokers received group benefits quotes 89% faster.
Boost Innovation
Global Life Insurer generated $4 million in new business value.
Optimize Capital Management
Global Life Insurer reduced runtime by 99.6% across a complex product, improving capital and risk management in an emerging market.
Reduce Development Cost
Group Benefits Provider saved $740,000 in developer costs on a single product deployment.
Streamline Product Innovation
Ensure product compliance requirements are met across complex business operations.
Govern compliance risk and version control in one cloud-based location.
Manage secure authentication and access control to sensitive models and algorithms.
Facilitate easy audits by saving and storing all versions of every model and related calculations in perpetuity.
Empower Your Developers to Do More with Less
Developers can deliver more products with fewer resources by externalizing actuarial models and embracing an agile, microservices-based approach to product deployment. The Coherent Platform includes automated version control and end-to-end audit trails for easy governance and compliance.
Are you ready to turbocharge your speed to market?
Book a demo with one of our Life and Annuities technology experts.