Solutions for MGAs, MGUs, and Wholesale Brokers

Scale your MGA faster
on logic you can prove

Launch in weeks, reprice in hours, and show carriers exactly how the book is priced and controlled — all without leaving Excel. Add the governance and auditability to scale across bordereaux, underwriting rules, commissions, and M&A post-close.

Win and keep carrier capacity

Carriers grow the MGAs that can prove how the book is priced and controlled. Coherent makes your rating logic versioned, traceable, and reproducible — the proven competency that earns capacity and keeps it.

Proven competency · auditable

Write more — without a bigger team

Launch programs in weeks and push rate changes in hours, straight from Excel. Grow premium and volume without growing the back office.

6 mo → 1 mo launch · < 1 hr reprice

Price sharper, run a lower loss ratio

Change pricing and risk-segmentation logic fast and control it precisely — so you price to the risk, not the average, and write the better book that earns better terms.

Price to the risk

Trusted by 150+ insurers including the
largest brokerages and specialty MGAs to govern delegated-authority logic.

The currency that earns capacity

A lower loss ratio is your leverage

Capacity goes to the MGAs writing a better book — not just a bigger one. Coherent makes your pricing and risk-segmentation logic fast to change and precise to control, so you price to the risk, prove the discipline behind it, and turn results into terms.

Price to the risk

Adjust rating factors and segmentation in Excel and deploy in hours — so pricing tracks the risk instead of lagging the market.

Prove the discipline

Versioning, maker-checker, and lineage show exactly how every rate was set — the evidence of underwriting discipline carriers look for.

Turn results into terms

A better loss ratio earns preferential commissions and more capacity. Give carriers the proof, and become the MGA they want to grow with.

Excel-Authored & API Executed

Your pricing, financial, and bordereaux logic — governed and callable by any system, department, or operating company

how-it-works-flow

01

Bordereaux that tie out

Reporting carriers can trust — so your numbers, and your discipline, hold up to scrutiny.

02

Commission & override

Consistent, versioned commission math across programs

03

Pricing & risk segmentation

Change rating and segmentation logic fast and control it precisely — price to the risk.

04

M&A & block migration

Surface hidden logic; cut post-close conversion risk.

05

Premium allocation

Control the splits, allocations & movement calcs.

06

Delegated authority evidence

Show you operate inside your authority, every time — the trail that keeps the binder.

Outcomes that matter

Get the Speed and Scale to Win

Faster product launch and pricing change cycles
Full governance and auditability
Connected logic across distribution channels

Pricing & Rate Development

Build and change your rating logic faster — and prove every number

Develop and update rating logic in the spreadsheets your team already uses — no proprietary modeling language to learn. Externalize your rating factors and assumptions, run pricing and sensitivity tests in parallel, and keep a complete, auditable record of how every rate was set.

Author your rating logic

Rating factors, assumption sets, and scenario testing — including the cat and stochastic models you already run
Externalized assumptions and orchestrated sub-models, so a trend or factor change updates everywhere at once
Parallel runs for pricing, sensitivity testing, and experience studies
Reproducible and fully auditable — every version, every change, every approval
Connects to your data sources and downstream systems: PAS, bordereaux, carrier reporting

Turn your rating logic into proof carriers trust

coherent-control-mockup

Governance & Risk Control

Put controls around the logic that prices your book — without slowing it down

Bring version control, approvals, and a full audit trail to the spreadsheets your rating and pricing run on — while they stay in Excel. See who changed what, catch the model that no one owns, and give carriers, auditors, and regulators a clear answer to "how is this book priced and controlled?"

Control your rating logic

Version control on every model — track each change, compare versions, and roll back when something breaks
Maker-checker approvals, so no rate, factor, or rule reaches production without a second set of eyes
Full audit trail and data lineage — trace any number back to the inputs and assumptions behind it
Estate-wide visibility into every rating spreadsheet: who owns it, what it feeds, and where the key-person and key-spreadsheet risk sits
Role-based access and change controls that hold up to carrier, Lloyd's, and regulatory review

Turn control into the evidence that keeps your capacity

Operating System for Enterprise Excel (3)-1

M&A & Roll-Up Integration

Make the logic in every book visible, valued, and ready to migrate

Acquisitions and roll-ups inherit a tangle of rating spreadsheets and homegrown tools no one fully documented. Coherent surfaces that hidden logic, shows what's sound and what's risky, and gets it governed and callable — so diligence is faster, integration is cleaner, and the value you're paying for doesn't walk out the door.

Bring an acquired book under control

Discover the full rating and pricing estate in a target or acquired book — every model, owner, and undocumented dependency
Surface the key-person and key-spreadsheet risk that diligence usually misses, before it becomes your problem
Govern the inherited logic in place — versioning, audit trail, and approvals — without a rip-and-replace rebuild
Standardize and orchestrate logic across acquired entities so programs run on one controlled set of assumptions
Industrialize the logic worth keeping into callable services that plug into your PAS, bordereaux, and carrier reporting

Turn inherited spreadsheets into a book you can stand behind

Integrations that do
more than move data

De-risk implementations by externalizing calculation logic. Integration patterns with PAS, vendors, conversion factories. APIs connect anywhere. Faster implementations, safer migrations

Proof that transformation doesn't have to be disruptive

ICEA LION Group

6x

faster launches without rebuilds

Leading U.S. annuity carrier

4x

advisor tool delivery

Multinational life insurer

99.6%

faster modeling runtime

Top-tier specialty insurer

90 days

from pilot to production

A++ rated group benefits carrier

80%

faster product launches

Fast-growing insurance services firm

$450K

development cost reduction

See Coherent in action

Let us show you how Coherent unlocks speed, reduces operational risk, and enables intelligence without leaving Excel behind.

Deterministic by design

AI monitors and recommends, but never executes. Your logic runs transparently—100% auditable, zero black boxes.

Enterprise-grade security

SOC 2 Type II certified. Your models, data, and business logic remain protected with institutional-grade security controls.

Deploy on your terms

SaaS for speed, hybrid for flexibility, on-premises for control. Coherent adapts to your security requirements and data residency needs.

MGA & delegated authority FAQs

What does Coherent do for MGAs and wholesale brokers?

Coherent governs the spreadsheet logic behind delegated authority — pricing, rating, commissions, bordereaux, and underwriting rules — and turns the most valuable of it into governed, callable APIs. MGAs use it to launch programs in weeks, reprice in hours, and prove to carriers how their book is priced and controlled, without ripping out Excel.

Do MGAs have to replace their spreadsheets to use Coherent?

No. Coherent governs the critical spreadsheets in place — adding version control, audit trails, and maker-checker approvals — and industrializes only the logic that should become a service. There is no multi-year rip-and-replace migration.

How is Coherent different from a policy administration system (PAS) or bordereaux tool?

A PAS or bordereaux tool manages workflow and consumes your numbers. Coherent sits beneath them, governing the calculation logic that produces those numbers so it is correct, versioned, and auditable at the source.

How does Coherent help MGAs win and keep carrier capacity?

Carriers increasingly allocate capacity to MGAs that can prove how their book is priced and controlled. Coherent provides versioning, audit trails, and data lineage on the rating logic — the evidence capacity providers, auditors, and regulators ask for.

What is the fastest place for an MGA to start with Coherent?

Most teams start with bordereaux logic, commission and pricing logic, or delegated authority evidence — high-pain, high-proof entry points. A delegated authority governance assessment maps the risk in your spreadsheet estate and shows where to begin.

Does Coherent work for Lloyd's and London-market coverholders?

Yes. Coherent governs the rating and pricing logic behind binder and delegated authority business and provides the audit trail and data lineage that Lloyd's oversight and regulators increasingly expect.