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CHICAGO (June 18, 2024) – Convr AI®, the leading artificial intelligence (AI) company serving commercial insurance organizations with its underwriting workbench is experiencing unmatched growth in 2024. The company is not only winning new customers and extending relationships with existing customers, but it is also recognizing the contributions and increased responsibilities of some of its top performing people resources.\n“I’m pleased to announce three new promotions on team Convr,” said John Stammen, Chief Executive Officer at Convr. “These promotions come at a time of great excitement and growth as our company is seeing increased momentum in bringing underwriting innovation to the commercial P&C insurance industry.” \nThe following have been promoted to new roles:

• Trevor Grantham, Senior Product Manager
• Lori Mai, Customer Support Manager
• Amira Serour, Product Manager

“We’re delighted to recognize Trevor, Lori and Amira for their exemplary accomplishments” said Kelly Doyle, Director of People and Culture in Human Resources at Convr. “We’re proud of the work they’re doing alongside the many talented colleagues who partner every day to achieve our goals together.” \nIf you are looking for a career move that offers challenge, growth, and the chance to make a real impact, Convr is seeking experienced SaaS and insurtech pros who want to be part of something special. We offer competitive compensation, a collaborative culture, and the opportunity to work on cutting-edge technology that is transforming the commercial P&C insurance industry. Review our open roles and submit your resume on our careers page here: https://convr.com/about-us/careers/. \nAbout Convr AI®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 10 carriers, MGA's, brokers and reinsurers. To learn more, visit www.convr.com. Follow Convr on Twitter,Instagram,LinkedIn and YouTube.

CHICAGO (May 29, 2024) – Convr AI®, the leading artificial intelligence (AI) company serving commercial insurance organizations is empowering Western National Insurance to better serve its customers through the power of its artificial intelligence powered underwriting workbench. \n“The Convr technology integration is helping the Western National Insurance team deliver an exceptional experience to their customers,” said John Stammen, Chief Executive Officer at Convr. “Convr aligns with their mission to realize efficiency and together we’re going to continue to transform commercial insurance with frictionless underwriting.”\nWestern National Insurance is utilizing two modules of Convr’s interoperable workbench including the following:

• Intake AI to eliminate manual submission processing by digitally ingesting, preparing, and analyzing underwriting documents. For every submission that flows through their business Convr extracts key data points and augments 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.
• Risk 360 AI to streamline research and enhance applicant data with the power of AI. Risk 360 AI is a data lake 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.

“The utilization of Convr at Western National allows our team to analyze risk and make critical underwriting decisions in an efficient manner, while providing excellent customer service for our agency partners,” said Dan Anderson, Senior Vice President of Underwriting at Western National Insurance. “Convr's automation and customization has provided us the opportunity to use the platform to benefit our team while still allowing the underwriting staff to make their own, informed underwriting decisions.” \nAbout Western National Insurance GroupWestern National Insurance, headquartered in Edina, Minn., is a super-regional group of property-and-casualty insurance companies. The Group writes business through five active insurance companies—Western National Mutual Insurance Company, Western National Assurance Company, Pioneer Specialty Insurance Company, Umialik Insurance Company, and American Freedom Insurance Company — and is affiliated with Michigan Millers Mutual Insurance Company. Together, the affiliated Group writes over $1 billion in personal and commercial direct premium in 20 states across the Northern, Midwestern, and Western U.S. as well as in Alaska; and surety bonds in 43 states. All of the companies’ products are sold exclusively through professional Independent Insurance Agents. \nAbout Convr AI®Convr is an AI underwriting 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 10 carriers, MGA's, brokers, and reinsurers. To learn more, visit www.convr.com. Follow Convr on Twitter,Instagram,LinkedIn and YouTube.\nFor further information, please contact: \nJulia Jenson, AINSAssistant Vice President - Communications (952) 303-8789 or (800) 862-6070 (Ext. 3789)julia.jenson@wnins.com

CHICAGO (April 25, 2024) – Columbia Insurance Group has renewed its underwriting workbench contract with Convr AI®, the leading artificial intelligence (AI) company serving commercial insurance organizations. For the past four years, Convr has been committed to bringing underwriting excellence to Columbia Insurance Group, supporting their goal to be the most valuable commercial carrier in their market.\n“We support Columbia Insurance Group in their mission to achieve increased speed and accuracy in data collection, and thereby improving their risk selection while freeing up their underwriting teams to build stronger customer relationships,” said John Stammen, Convr Chief Executive Officer. \nConvr is an AI-enabled underwriting technology that powers Columbia’s agent portal. Through the partnership, Columbia utilizes Convr’s risk analysis and decisioning tools, Risk 360 AI™ and Answers AI™, to uncover deep underwriting insights while increasing quote accuracy and turnaround time.\nTogether the modules work to do the following:

• Risk 360 AI streamlines research and enhances applicant data with the power of AI. Risk 360 AI is a data lake 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.
• Answers AI streamlines and centralizes all available information about an applicant’s business and answers underwriting questions directly through insurance trained AI models. There are two key components of Answers AI: standardized questions to confirm risk characteristics and business classification.

”We're proud to be helping Columbia make data-driven underwriting decisions that accelerate quote turnaround time with straight-through processing, reduce expenses, minimize losses and provide a near real-time customer experience,” said Harish Neelamana, Convr Co-founder and President.

CHICAGO (April 16, 2024) – Convr AI®, the leading artificial intelligence (AI) company serving commercial insurance organizations is enabling underwriting leaders to take the future of their underwriting operations into their own hands by empowering them to calculate their ROI opportunities with Convr AI.\nConvr is introducing a new free online return on investment (ROI) calculator that allows users to input data into certain fields on convr.com to estimate different views of how they could improve their business performance. They enter items such as the number of submissions they process, policies they bind, and average monthly policy premiums they write—to determine what Convr can do for them to improve their operations and bottom line.\nFollowing the calculations, users can see what Convr’s Intake AI product can do in terms of saving them on submission processing time and what Risk 360 AI can do to increase their revenue.\n“Our online ROI calculator gives a crystal-clear view of what Convr AI can do to transform underwriting operations for commercial P&C insurers,” said John Stammen, Convr CEO. “Founded by underwriters, for underwriters—we’re purpose built to transform the future of underwriting and our ROI calculator is the closest thing we can get to a crystal ball to showcase how underwriting teams can directly benefit from the power of our AI.” \nThe calculator simulates the potential return on investment underwriting teams could realize by using Convr’s underwriting workbench as part of their underwriting process. \nAbout Intake AI and Your ROIOur Intake AI product helps customers achieve annual cost savings by automating their insurance application process. Convr eliminates manual submission paperwork by ingesting, preparing and analyzing submissions with a more effective, digital process, which saves you time and money, while reducing stress on your underwriting team. We also estimate greater revenue growth from increased ease of data collection and agent satisfaction.\nAbout Risk 360 AI and Your ROIConvr's Risk 360 AI platform reduces time spent gathering data so that underwriting teams are focused on analyzing risk. With Answers AI, our insurance-trained AI models pre-fill applications and business classifications. This eliminates friction with agents, which leads to higher win rates and more premiums without any additional resources. Convr's Risk Score AI surfaces insights that allow underwriting teams to better identify risks and opportunities.

CHICAGO (April 9, 2024) – It’s hard to believe, but Convr the leading artificial intelligence (AI) company serving commercial insurance organizations is already saying cheers to eight years of serving customers with its modularized underwriting workbench in 2024.\nThe company founded by underwriters for underwriters in 2016 and formerly called DataCubes is passionate about the commercial property and casualty (P&C) insurance business. Convr’s workbench tautes capabilities that include:

• Delivering a full suite of AI-infused commercial insurance tools to support underwriting analysis and decisions.
• Bringing real-time digital footprint data to submissions as they are ingested
• Surfacing critical insights to drive smarter underwriting decisions in-line with existing workflows
• Bringing quick time-to-value with extensive out-of-the-box features

“Convr continues to lead innovation in the AI commercial insurance underwriting space and this milestone showcases our dedication to unlocking even more performance improvements for customers in the coming years,” said Convr CEO, John Stammen. “We have an unparalleled passion for our work and we’re certain our customers will continue to see benefits well beyond our eighth year in business.”\nConvr enables four core use cases:

• Intake AI: reads and digitizes submission documents, such as ACORD applications and loss runs, to reduce manual data entry
• Risk 360 AI: provides additional insights on risks from thousands of third-party data sources
• Answers AI: uses AI to classify a business and respond to underwriting questions, saving significant underwriter time while improving consistency and accuracy
• Risk Score AI: enables risk prioritization and selection to better focus downstream underwriting resources

But don’t just take our word for it, you can actually test us out with a free demo today to see for yourself. Sign up now to meet with our team to see how Convr’s workbench can transform how your underwriting teams perform and positively impact your performance and profitability.

CHICAGO (February 1, 2024) – Convr AI^®, the leading Artificial Intelligence (AI) company serving commercial insurance organizations is pleased to announce Lucid Insurance Group will utilize Convr’s Intake AI and Risk 360 AI products to gain greater speed, accuracy and efficiency in their underwriting operations starting in 2024.

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Lucid Insurance is an innovative and fast-growing Managing General Agent (MGA) and specialty wholesale producer specializing in middle market, commercial insurance. The organization has several niche areas of focus but is principally dedicated to transforming underwriting results in property insurance through cutting-edge technology, data-driven insights, and strategic distribution.

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That’s where Convr’s Intake AI and Risk 360 AI come into play. Together, the products will eliminate manual submission processing by digitally ingesting, preparing and analyzing underwriting documents as well as streamlining research and enhancing applicant data with the power of AI.

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“Our team is passionate about reshaping the insurance landscape and providing tailored solutions for our brokers, and their clients,” said Charles Smith, Head of Innovation and Strategy at Lucid Insurance Group. “We’re approaching underwriting through a different lens and our partnership with Convr is the first step in delivering a better insurance experience and reducing redundancies in the process.”

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For added efficiency, Convr will also be integrating into Lucid’s Policy Administration System (PAS). This is further evidence of Lucid’s passion for automation and Convr’s ability to seamlessly integrate into an existing ecosystem.

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“Convr aligns with Lucid’s mission to realize efficiency,” said John Stammen, Chief Executive Officer at Convr. “Together, we’re going to continue to transform commercial insurance with frictionless underwriting.”

CHICAGO (January 23, 2024) - Convr AI^®, the leading artificial intelligence (AI) underwriting platform serving commercial insurance organizations would like to raise a toast to our customers and partners and to all we've accomplished over the past year.

The year 2023 was a whirlwind of activity and achievements in our journey to help commercial insurance organizations underwrite better and faster, and we documented many achievements toward that goal while significantly advancing our modularized AI underwriting data analysis capabilities in 2023.

New additions for 2023:

Convr AI Underwriting Workbench

• Expanded the Convr Admin Console to allow additional self-service capabilities for power users
• Released the Convr Development Kit (CDK) to support co-development with partners
• Released new auto-labeling and workflow routing/submission assignment capabilities
• Introduced content search
• Expanded Insights powered by Snowflake for operational and portfolio analysis
• Dynamic Underwriting to identify material changes in renewal submission workflows

Convr Intake

• Grew the library of AI-trained forms including high confidence run carriers, supplemental forms, etc.
• Integrated large language model AI (LLM) with our extraction process improving extraction accuracy
• Updated the optical character recognition (OCR) engine used to extract unstructured data from all insurance documents improving extraction accuracy
• Enhanced the human-in-the-loop (HITL) user experience to give users more control over their final data deliverable
• Enhanced performance reporting to enable visualization of intake data and straight-through processing
• Introduced Feedback Loop for HITL
• Processed over four million submissions and over eight million assets

Convr Data Lake

• Expanded data lake from 50 million businesses and 594 million entities in 2022, to 85 million businesses and 755 million entities in 2023
• Expanded Convr Risk 360 AI data lake data sources to include non-profit data (Form 990), dams and bridges, property risk and COPE data via HazardHub, as well as many other federal and state level data sources
• Enhanced data capabilities to include data lineage highlighting the source of data, date last updated, and source url

Convr Answers

• Introduced self-service Answers
• Expanded Large Language Models (LLM) for Answers

"Convr is looking forward to unlocking even more performance improvements for customers in 2024," said Convr CEO, John Stammen. "We have an unparalleled passion for commercial insurance and we're certain our customers will continue to see benefits from our innovative AI in the coming year."

CHICAGO (December 12, 2023) – Convr AI^®, the leading artificial intelligence (AI) company serving commercial property and casualty insurance organizations has been recognized for SOC 2 Type II compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18.

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The accreditation was awarded following a scrupulous audit conducted by Prescient Assurance, a leader in security and compliance attestation for B2B, SaaS organizations worldwide. The SOC 2 Type II audit report demonstrates to current and future Convr customers that the company manages their data with the highest standard of security and compliance.

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“We continue to demonstrate our high-level of commitment to security and dedication to compliance through this attestation,” said Convr CEO, John Stammen. “Not every software provider has this high-level of security. Without this level of testing, other providers may be exposing companies to potential software breaches. Fortunately Convr continues to demonstrate its compliance rigor that’s at the highest level in our industry.”

What is SOC 2 Type II
SOC 2 Type II is a voluntary compliance standard for service organizations, developed by AICPA, which specifies how organizations should manage customer data. The standard is based on the following trust services criteria: security, availability, processing integrity, confidentiality, and privacy.

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Achieving this standard with an unqualified opinion serves as third-party industry validation that Convr provides enterprise-level security for customers’ data secured in the Convr Underwriting Command Center platform.

“This is one more example of Convr’s commitment to best-in-class service. We value outside expert validation, in this case for our security controls and our compliance with the AICPA’s Trust Services Criteria,” said Stammen.

CHICAGO (December 5 , 2023) - Convr AI^®, the leading Artificial Intelligence (AI) company serving commercial insurance organizations is adding to its Risk 360 AI data lake once more, now through a partnership with risk analytics provider, Guidewire HazardHub.
HazardHub will benefit Convr platform users by bringing a new set of data about things such as crime, catastrophic losses through extreme natural disasters, permits and more. Underwriting teams will be able to apply the data to their decisioning to underwrite faster, more accurately, and to improve their pricing.
"Underwriting teams will see a direct benefit from Convr's new partnership with HazardHub," said John Stammen, CEO of Convr. "By continually integrating with comprehensive data such as what Guidewire HazardHub provides, we're able to advance underwriting teams and improve their speed-to-quote."
"Convr's Underwriting Command Center technology allows organizations to keep pace with the ever-changing market dynamics," said Harish Neelamana, Co-Founder and President of Convr. "This is true for an industry where every second counts. Gleaning insights faster through better data enables efficiencies and business growth. Those are the wins we want for our customers."
About Convr AI^®
Convr AI® is a modularized artificial intelligence underwriting data analysis platform that digitizes and fuses submissions with best sources of information to surface underwriting insights, business classification and risk scores. The platform has revolutionized the industry through data, discovery and decisioning intelligence. Convr AI customers include commercial insurance organizations of all sizes, including many of the top 10 carriers, which use the platform to enable superior performance, optimal efficiency, quality decisioning and world-class customer experiences. To learn more, visit www.convr.com. Follow Convr on Twitter,Instagram,LinkedIn and YouTube.