Minimize Risk and Increase Productivity with Convr AI

The commercial property and casualty (P&C) insurance industry continues to transform digitally and requires greater innovation and experienced technology experts. But what if there was a way to get carriers and brokers to reach their goals without the pressure of expanding their workforce and burdening their payroll?

Convr AI is the way. Convr is a modularized AI underwriting, data, and intelligent document automation workbench that enriches and expedites commercial insurance with the best sources of data, underwriting insights, business classification and risk scoring. 

Utilizing Convr’s AI Underwriting Workbench, carriers and brokers in the commercial P&C insurance industry can achieve two things for certain: 

1. Increased productivity
2. Risk minimization

How? By automating routine tasks, Convr AI can free up underwriting team members’ time so they can focus on more complex challenges facing their operations.

Plus, Convr AI can analyze vast amounts of data to help carriers and brokers identify and mitigate risks.

Just looking at Convr’s Intake AI product alone, this product eliminates manual submission processing time by digitally ingesting, preparing and analyzing underwriting documents. For every submission that flows through a commercial carrier or broker, Convr AI’s Intake engine can extract key data points and augment the information with third-party data to broaden and deepen the risk profile.

By automating and digitizing the insurance application process, underwriting teams quote faster, with more confidence, enhanced application data and achieve more nuanced insights.

But we don’t stop there. Our users can drive growth and mitigate losses with deeper and faster discovery with our Risk 360 AI data lake. The data lake allows users to research and enhance applicant data with the power of AI. Risk 360 AI is comprised of the digital footprint of millions of businesses – built with an underlying knowledge graph that unleashes detailed insights from the intersection of tens of thousands of data elements.

These are just two of several interoperable modules in our suite of AI products that can increase productivity and help companies mitigate risk. You can read how Convr solves more underwriting challenges here on our workbench page: https://convr.com/workbench/. 

Or sign up now to meet with our team to see how Convr can help your underwriting teams better perform and positively impact your efficiency and profitability.