Excess and Surplus (E&S) and Specialty Lines
Excess and Surplus (E&S) and Specialty Lines Insurance expertise is becoming increasingly critical to the commercial insurance market as market changes, increased exposures, and valuations demand ever more specialized underwriting knowledge. Combining that with significant submission growth, E&S and Specialty Lines insurers need operational excellence to manage their workloads more than ever before.
That’s where Convr steps in to help you expedite the submission process and even more thoroughly assess risk with increased speed.
We help E&S and Specialty Lines Insurance organizations with intelligent document processing (IDP), pre-fill, and data aggregation to help teams focus on their most critical role of properly evaluating and pricing risk. The Convr AI workbench has supportive resources and capabilities to help underwriters prioritize and expedite submissions with greater data visibility and source lineage, combining our massive data lake with your submission data to display key findings specifically to meet your business requirements.
Benefits from real-time specialty data, answers and scores specific lines of focus can include:
Our modularized underwriting workbench is easy to implement and intuitive for new users.
- Quick time-to-value
- Go live in 6-8 weeks
- Stand-alone or integrated
Convr Underwriting Workbench
Convr is an AI underwriting, data, and intelligent document processing workbench that drives world-class customer experiences. It delivers premium growth, insights and efficiency for commercial P&C insurance organizations of all sizes, including many of the top 20 carriers, MGA's, Brokers and Reinsurers. Convr is revolutionizing the industry through data, discovery and decisioning intelligence.
Purpose-built analysis platform empowered by machine learning models | Submission efficiency analysis and transparency | Risk selection relativity and other scoring | Business classification and risk characteristics | Data lake with custom integrations and underlying knowledge graph
Intake AI™
The journey to optimizing the underwriting process starts with Intake AI. Where we gather submission documents such as applications and loss runs, and then fuse them with third-party data using intelligent document processing (IDP). Documents are then converted into a structured format ready to be reviewed by the underwriter.
Risk 360 AI™
Once the underwriter finishes assembling the submission documents, they begin to research the risk. Risk 360 AI pulls business insights from thousands of third-party data sources – such as government entities, public records and company websites – and prioritizes the most relevant and accurate information in minutes.
Answers AI™
With massive amounts of data gathered, Answers AI allows underwriters to get fast answers to their specific underwriting questions from our patented, trained AI models.
Scores™
Prioritizing each submission is the work of our Scores. These scores help the underwriter optimize the selection and prioritization of risks for evaluation and ensure the quoted business fits their risk appetite.