What You Need to Know
- The company offers the Spark logic and rules engine.
- Insurers can now upload Excel-based models into the rules system.
- The new U.S. CEO was a senior regional vice president at AIG.
Coherent Capital Advisors Ltd. of Hong Kong is ramping up efforts to market its insurance software development system in the United States.
The company offers the Spark insurance logic and rules system.
Insurers can use the system to create systems for selling and servicing insurance products.
The company recently received $14 million in funding from Cathay Innovation and Franklin Templeton.
The company has set up a U.S. office in Tampa, Florida, and it has hired Todd Buchanan to be chief executive officer, USA.