Novidea and Coherent Partner to Accelerate Digital Transformation for Insurance Organizations

Boston, MA and London UK – October 1, 2025 – Coherent Global, the leader in enterprise spreadsheet automation and intelligence, and Novidea, the leading cloud-based, data-driven insurance platform provider, today announced a strategic partnership designed to help brokers, agents, MGAs, MGUs, and hybrid fronting carriers modernize faster, reduce operational risk, and unlock data-driven growth.

This collaboration combines Novidea’s end-to-end insurance management platform with Coherent’s automated and intelligent rating capabilities, transforming business-critical spreadsheet logic into governed, API-ready assets without rebuilding or disrupting how teams work. The integration enables insurance organizations to:

• Accelerate speed-to-market for new products, pricing, and underwriting changes
• Reduce operational and compliance risk through enhanced governance, auditability, and version control
• Unlock enterprise-wide intelligence by surfacing hidden business logic, usage patterns, and dependencies
• Streamline data flows across the entire insurance lifecycle from lead generation and quoting, to policy admin, claims, and complex financial reconciliation, transforming your entire architecture or modernising key parts for straight-through processing

A key area of joint value is in rating workflows. Today, many insurers and MGAs rely on offline Excel sheets to calculate premiums and then manually re-key values into core systems, creating inefficiency and operational risk. Coherent’s platform solves this challenge by converting Excel-based rating logic into C++ code that can be integrated via an API. By embedding this directly into Novidea’s cloud-native platform, insurers can seamlessly integrate existing raters, preserve familiar models, and eliminate re-keying, removing a major integration pain point and enabling faster, more accurate quoting.

“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.”

The joint solution is immediately available, with integration support and solution packages tailored for insurers, brokers, and MGAs looking to modernize rating, underwriting, claims, and compliance workflows.