Coherent Partners with Duck Creek Technologies to Offer Property and Casualty Carriers and Managing General Agents (MGAs) a Path to Faster Policy Issuance
Coherent partners with Duck Creek Technologies to integrate Coherent Spark with Duck Creek Policy, significantly accelerating the development and testing processes in the insurance sector. This integration allows users to transform Excel-based business logic into APIs, streamlining policy issuance for property and casualty insurance carriers. Customers will benefit from reduced development costs and improved speed to market, enhancing revenue potential. Both companies will collaborate to explore new opportunities within the global P&C insurance market.
- Integration of Coherent Spark with Duck Creek Policy improves efficiency in policy issuance.
- Empowers customers with faster market response and reduced development costs.
- Enhances revenue potential for P&C insurance carriers.
- None.
Coherent Spark’s integration with Duck Creek Policy shortens the process time of development and testing, enabling business teams to achieve better outcomes in moments, not months.
Coherent Spark converts business logic, including rules, calculations, and data, from any Microsoft Excel file into an application programming interface (API), which can then connect to any application, including an insurer’s policy administration system. This new integration will empower customers with a uniform solution that enables them to retain rating workbooks and seamlessly pass Excel-based data into Duck Creek Policy to issue policies immediately.
“Our customers will benefit from the lightning-fast speed of Coherent Spark,” said
Coherent and
Buchanan added, “As many of our customers are launching new products or looking to streamline existing ones, we’re going to serve that market with a new solution that can handle even the most complex models in seconds.”
To learn more about the integration of Coherent Spark with Duck Creek Policy, visit https://www.duckcreek.com/partner/coherent.
About Coherent
Coherent is a global software-as-a-service (SaaS) company redefining how business and IT teams build software together. Most companies run critical business operations on hundreds of spreadsheets. Additionally, they spend billions globally on IT budgets to recode the business logic inside spreadsheets to add connectivity to other applications, auditability, and cloud scalability. Coherent’s core technology, Spark, is a no-code SaaS platform that makes building business software as fast, approachable, and cost-effective as using Excel. Create your first application programming interface (API) from your existing Excel rules, formulas, and data models in minutes and make it available on the cloud to connect with any modern application. Then supercharge it by adding deep version control, automated testing, and parallel simulation capabilities. For more information, visit: https://www.coherent.global/.
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20220712005409/en/
PRESS CONTACTS
Coherent:
jharbour@nexttechcomms.com
+1 732-285-4306
carley.bunch@duckcreek.com
+1 201-962-6091
Source: Coherent
FAQ
What is the significance of the Coherent and Duck Creek partnership for DCT?
How does Coherent Spark improve Duck Creek's policy administration?
What benefits does the integration provide to DCT's customers?