About Convr AI
Convr is a modularized AI underwriting and intelligent document automation workbench that enriches and expedites the commercial insurance new business and renewal submission flow with underwriting insights, business classification and risk scoring.
We help workers compensation insurers with intelligent document processing (IDP), pre-fill and data aggregation that support your staff by helping them focus on more meaningful work.
Our platform delivers a solution that is reasonably priced, easy to implement and intuitive for new users. We make it possible for workers compensation insurance providers to digitally transform their business in just 6-8 weeks.
We solve the problems of commercial insurance inefficiency, inconsistency and inaccuracy by:
Convr is the only workbench delivering a full suite of AI-infused commercial insurance tools that support underwriting analysis and decisions.
- Real-time fusion of submission data and digital footprint
- Models surface critical insights to drive smarter underwriting decisions
- Quick time-to-value with extensive out-of-the-box features
Overview of Convr Risk 360 AI Data Lake and Historical Snapshots
Thousands of data sources continuously updated with deep lineage and history
Convr Underwriting Workbench
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.
Risk Score AI™
Prioritizing each submission is the work of our Risk Score AI. This score helps the underwriter optimize the selection and prioritization of risks for evaluation and ensure the quoted business fits their risk appetite.