COHERENT
Instantly transform spreadsheets into intelligent enterprise assets for insurance and financial services.
Overview
Coherent is a global SaaS company that transforms Excel-based business logic into governed, production-ready APIs for insurance and financial services organizations. The platform -- branded Coherent Spark -- enables actuaries, underwriters, and pricing teams to continue working natively in Excel while deploying their models as enterprise-grade code, eliminating the need to rebuild logic in programming languages.
Founded in 2018 and backed by USD 89 million in funding, Coherent serves 150+ insurers and financial institutions globally, including major carriers such as Chubb, Prudential Financial, AXA, and Pacific Life. The company operates across North America, Europe, and Asia-Pacific, with offices spanning 15 U.S. states, Canada, Singapore, Tokyo, Shanghai, Manila, and Bangkok.
Coherent addresses a longstanding operational risk in insurance: critical business logic trapped in unmanaged, ungoverned Excel spreadsheets. By converting this logic into auditable APIs integrated with core systems, Coherent enables faster product launches, regulatory compliance, and dramatic performance improvements -- customers report runtimes reduced by up to 99.6% and product deployment accelerated by up to 89%.
Products & Services
Coherent Spark
The core platform that converts Excel spreadsheet logic into governed, high-performance APIs without requiring coding or model rebuilds. Actuaries and business teams continue working in Excel while Spark deploys their logic as enterprise-grade code.
Key Features
- Convert any Excel model to a production API in minutes
- Deterministic AI: logic is 100% auditable, with no black-box outputs
- Native Excel workflow -- no Python, VBA, or retraining required
- Real-time quote generation and multi-channel deployment
- Version control, approval workflows, and full audit trails
- Stochastic modeling with 8.5-hour runs reduced to under 2 minutes
Target Users: Actuaries, pricing teams, underwriters, IT leaders
Insights
Enterprise spreadsheet scanning tool that maps Excel estates across the organization to uncover hidden risks, complexity, PII exposure, and usage patterns.
Key Features
- Discover and catalog all spreadsheet assets
- Identify compliance risks and data sensitivity
- Prioritize models for migration to Spark
Target Users: CIOs, compliance officers, actuarial managers
Control
Governance module that enforces versioning, access controls, and approval workflows across the spreadsheet estate.
Key Features
- Role-based access control
- Configurable approval workflows
- Full audit trails for regulatory compliance
- 35% reduction in audit findings reported by customers
Target Users: IT governance, compliance teams, actuarial leads
At a Glance
- Founded
- 2018
- Headquarters
- New York, NY, USA
- Employees
- 51-200
- Funding
- Series B
Category & Focus
- Category
- Insurtech Infrastructure
- Subcategories
- Actuarial Technology API Platforms Low-Code / No-Code
- Insurance Verticals
- Life & Annuity P&C Personal P&C Commercial Reinsurance
- Target Customers
- Carriers, MGAs/MGUs, Brokers, Reinsurers
Customers
- Chubb
- Prudential Financial
- AXA
- Pacific Life
- AXIS
- FWD Insurance
- ICEA LION Group
- True Property Insurance
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Last updated: 2026-05-11