Insurity and Coherent announce partnership to revolutionize P&C insurance product development

Insurity, a leading cloud software provider for the insurance industry, has announced a strategic partnership with Coherent, a platform focused on streamlining insurance product development. This collaboration aims to enhance the capabilities of property and casualty (P&C) insurers by integrating Coherent's Spark solution, which transforms spreadsheet business logic into easy-to-use APIs.

The partnership promises to modernize systems, accelerate product deployment by up to 89%, and significantly reduce operational costs. Previous implementations have shown substantial financial benefits, including a $740,000 saving from a single deployment. This innovative approach is set to revolutionize P&C insurance operations by simplifying complexities, improving market responsiveness, and ensuring product compliance and governance.

Source: Fintech Finance News