Insurity Launches New Spreadsheet API Solution to Enhance Insurance Product Development
13 Agosto 2024 - 8:57AM
Business Wire
Insurity Spreadsheet API is set to modernize
the insurance industry by offering a rating platform that
integrates seamlessly with existing systems, ensuring faster, more
efficient product launches
Insurity, the leading provider of cloud-based software and
analytics for insurance carriers, brokers, and MGAs, today
announced the launch of Insurity Spreadsheet API, a solution
designed to help insurance organizations launch new insurance
products faster by transforming the business logic in spreadsheets
into easy-to-use APIs. This highlights Insurity's commitment to
providing innovative solutions that meet the evolving challenges of
the insurance market.
Insurity Spreadsheet API, developed in partnership with
Coherent, enables insurers to convert complex spreadsheet logic
into streamlined, reusable APIs. This notably enhances product
deployment speed, cutting the time to launch new products from
months to just 30 days or less. Additionally, the product offers an
impressive 75x faster runtime, allowing insurers to handle tasks
quickly and efficiently.
Insurity Spreadsheet API significantly improves operational
efficiency and cost-effectiveness by accelerating time to revenue
by transforming spreadsheet workflows into reusable APIs and
reduces product development costs by 83% on average. The API
streamlines compliance management by centralizing risk governance
and version control in a secure, cloud-based location.
Additionally, it maximizes business logic management while
leveraging advanced cloud performance, supporting multiple version
inputs, and enabling historical comparisons. Insurity Spreadsheet
API allows for confident strategy validation through user-defined
bulk case generation and process visualization with version
comparison charts.
“Partnering with Insurity and embedding Coherent software into
Insurity’s industry leading insurance platform enables insurance
professionals to bring new products to market in an accelerated,
cost effective, and innovative manner,” said John Brisco, Coherent
Co-Founder and CEO.
"Insurity Spreadsheet API represents a significant leap forward
for insurers looking to modernize their operations," said Chris
Lafond, Chief Executive Officer at Insurity. "By converting
business logic from spreadsheets into APIs, our solution not only
accelerates product launches but also reduces development costs by
hundreds of thousands of dollars. This integration will drive
greater efficiency and agility in day-to-day operations, allowing
insurers to stay ahead of the competition."
To learn more about how Insurity’s Spreadsheet API can benefit
your organization, please reach out to
Elizabeth.Hutchinson@insurity.com.
About Insurity
Insurity is a leading provider of cloud-based software for
insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of
the top 25 P&C carriers and 7 of the top 10 MGAs in the US and
has over 400 cloud-based deployments. Through its best-in-class
digital platform and with unrivaled industry experience and the
industry's most robust analytics offerings, Insurity is uniquely
positioned to deliver exceptional value, empowering customers to
focus on their core businesses, optimize their operations, and
provide superior policyholder experiences. Insurity is a portfolio
company of GI Partners and TA Associates. For more information,
visit www.insurity.com.
About Coherent
Coherent is a global software-as-a-service (SaaS) company that
helps over 100 of the leading financial services firms, including
top insurers, to transform their business modelling and logic
management. Trillions of dollars in IP value is trapped in legacy
and desktop applications and companies spend billions trying to
pull this into systems as they modernize and transform. Coherent
offers Spark to liberate this business logic and create next
generation, modern services. Spark adds controls, provides
intelligent insights, and accelerates connectivity for this
valuable IP to other applications, to workflows, to audit
readiness. Spark leverages the scalability and security of the
cloud. Use Spark to instantly create requirements, simulate, test,
rate, price, and launch products faster. Modernize your
modernization. Transform your transformation. Cut costs out of your
cost-cutting. For more information, visit:
https://www.coherent.global/
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version on businesswire.com: https://www.businesswire.com/news/home/20240813961933/en/
Elizabeth.Hutchinson@insurity.com