Insurity Partners with Coherent to Revolutionize Insurance Product Management

Insurity, a leader in cloud software solutions for the insurance industry, has joined forces with Coherent, a cutting-edge platform designed to streamline insurance product development. This strategic partnership, announced on June 27, 2024, promises to bring significant advancements in product management for property and casualty (P&C) insurers.

This integration aims to transform business logic from traditional spreadsheets into user-friendly APIs. The collaboration is set to revolutionize how insurers manage their products, ensuring faster deployment and enhanced operational efficiency.

The primary beneficiaries of this partnership are P&C insurers and intermediaries who utilize Insurity’s cloud software. These organizations will now be able to leverage Coherent’s innovative technology to modernize their legacy systems, manage ratings and rules more effectively, and significantly reduce time-to-market for new insurance products.

This collaboration addresses a critical pain point in the insurance industry: the slow and costly process of migrating from legacy systems. By integrating Coherent’s Spark solution, insurers can now launch products 89% faster and significantly reduce development costs. This partnership not only enhances operational efficiency but also improves market responsiveness, giving insurers a competitive edge.