Convr
Convr empowers commercial insurance carriers with frictionless underwriting to enable optimal efficiency.
About Convr
Convr is the leading Artificial Intelligence (AI) company that is digitally transforming commercial P&C insurance, enabling a frictionless underwriting experience. The platform has revolutionized the industry through data, discovery and decision intelligence (Data. Discovery. Decision.™). The Convr family encompasses commercial carriers of all sizes, including many of the Top 10 carriers, which use the platform to enable superior performance, optimal efficiency and world-class customer experiences. Convr’s solution supports all core commercial lines of business and classes. All parts of the platform are available via a highly-intuitive underwriting user desktop, as well as through system-to-system API connectors. In the workplace, Convr enables four core use cases: d3 Intake™ reads and digitizes submission paperwork, such as ACORD applications and loss runs, to reduce manual data entry; d3 Risk 360™ provides additional insights on risks from thousands of data sources; d3 Answers™ uses AI to respond to underwriting questions, saving significant underwriter time while improving consistency and accuracy; d3 Risk Score™ enables risk selection and prioritization to better focus downstream underwriting resources Commercial insurers are able to put forth a modern, digital underwriting experience that helps them achieve superior operational and ROI including: Attaining 40-60% Straight-Through Processing of new business submissions; Saving up to 5 hours of research time per underwriter per week; An exceptional customer experience, thereby raising the value of their brand to become the Carrier of Choice in their markets. Convr currently powers a strong family of leading brands such as Penn National, Columbia, Crum & Forster, Joyn Insurance, Encova, AF Group, to name a few, that are now using AI to achieve underwriting excellence. To learn more, visit https://www.convr.com/
Company Facts
- Headquarters
- Schaumburg
- Operating Status
- active
- Company Type
- for_profit
- IPO Status
- private
- Employees
- c_00051_00100
- Funding Stage
- early_stage_venture
- Total Funding
- $17,700,000
- Last Funding Type
- series_b
- Last Funding Date
- 2019-11-14
- Website
- convr.com
Industries & Categories
Artificial Intelligence (AI), Database, Insurance, InsurTech, Machine Learning
Social Links
Canonical: https://fsome.com/organization/convr-43826 · For the full interactive profile (funding rounds, investors, team, portfolio, charts), please enable JavaScript.