Commercial Insurance Underwriting Powered by AI
Made Possible by Human-in-the-loop
Convr is a modular AI underwriting, data, and intelligent document automation workbench powered by a commercial P&C insurance ontology that enriches and expedites submissions decisions with the best data, insights, business classification and risk scoring – reducing submission through quote times by 70%, increasing new business win rates, and quickly identifies renewal material changes.
Underwriting Results That Matter
“Convr enables us to do this efficiently and effectively, enabling our underwriting teams to provide a truly tailored accurate offering to our clients and brokers."
- Chris Healey, Vice President, Strategic Operations Leader for Zurich Large Casualty
Why Convr AI
Our P&C insurance underwriting workbench defines the fourth core system - underwriting - alongside Billing, Policy Issuance and Claims. Convr modernizes and transforms traditional processes with speed, accuracy, and built-in collaboration.
The Convr Workbench
With 9+ years of experience capturing and integrating historical data, fine-tuning AI models and identifying key data relationships for essential underwriting insights, Convr provides quick time to value and proven results.
Advancing Underwriting with Purpose-Driven Innovation
Convr AI is transforming the insurance industry through data, discovery and decisioning. Integrating advanced AI, real-time data analytics, and automated workflows to transform risk assessment and decision-making.
Pre-Filled Submissions
Generative AI structures insights for faster, more accurate underwriting.
Proactive Recommendations
With Agentic AI, recommended actions reduce manual work and accelerate underwriting decisions.
Dynamic Risk Profiles
Large Language Models deliver adaptive, up-to-the-moment risk profiles.
Decision Transparency
Explainable AI expose the reasons decisions are made, data source derivation and confidence level.
Convr systematically extracts and structures data from ACORDs, loss runs, SOVs, etc. and enriches it with domain-specific information throughout the underwriting process. Workflows benefit from in-line data, recommendations, collaboration, compliance alignment, as well as dynamic relational data derived from our proprietary data lake with more than 85 million businesses to accelerate automated underwriting.
"In 2024 we processed more new submissions than ever in the history of the company and a large part of that was our partnership with Convr." Manager, Training and Infrastructure.
Convr empowers MGAs by automating data intake and providing critical insights that accelerate underwriting decisions. This efficiency helps MGAs scale their operations, improve profitability.
"Lucid is using Convr's Intake AI to automate the entire underwriting process, eliminating human touch along the way." said John Stammen, Chief Executive Officer at Convr
Convr empowers MGAs by automating data intake and providing critical insights that accelerate underwriting decisions. This efficiency helps MGAS scale their operations with higher production and improved profitability.
Lockton is expanding its relationship with Convr AI for efficiencies with increased data extraction and enrichment.
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