Novidea has partnered with Coherent Global, the leader in enterprise spreadsheet automation, to help brokers, agents, MGAs, MGUs, and hybrid fronting carriers modernise faster, reduce operational risk, and unlock data-driven growth.
The partnership combines Novidea’s end-to-end insurance management platform with Coherent Global’s automated rating capabilities, converting business-critical spreadsheet logic into governed, API-ready assets without disrupting existing workflows.
The integration allows insurers to accelerate speed-to-market for new products and pricing changes, reduce operational and compliance risks through enhanced governance and auditability, and unlock enterprise-wide intelligence by revealing hidden business logic and dependencies.
Data flows are streamlined across the insurance lifecycle, supporting both full architecture modernisation and selective straight-through processing.
A key area of value is rating workflows. Many insurers and MGAs rely on offline Excel sheets to calculate premiums and manually re-key them into core systems, creating inefficiency and risk.
Coherent’s platform converts this logic into C++ code that integrates directly with Novidea’s platform, preserving familiar models, eliminating re-keying, and enabling faster, more accurate quoting.
The joint solution is now available, with tailored integration support and solution packages for insurers, brokers, and MGAs aiming to modernise rating, underwriting, claims, and compliance workflows.
“Spreadsheets still run a massive portion of the insurance and financial services industry, but they’re often invisible, unmanaged, and risky,” said Rich Barbarino, Chief Commercial Officer, Coherent Global. “Partnering with Novidea allows us to embed Coherent’s automation and intelligence directly into an industry-leading insurance management platform—so our customers can modernize faster while staying in the tools they know.”
Maayann Cyzs, VP Strategy at Novidea, added, “Our mission is to empower the insurance industry with a truly digital, data-driven ecosystem. With Novidea’s open API architecture, we now see that Coherent allows our customers to harness the full value of their existing business logic while benefiting from Novidea’s connected, cloud-native capabilities.”
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