November 4, 2025
5 Reasons You Need an Underwriting Workbench
We asked and you answered! During this year’s InsureTech Connect Conference (ITC Vegas) in Las Vegas, Nevada, October 14-16, 2025, members of the Convr team took to the expo floor to ask folks in the commercial property and casualty (P&C) insurance industry if they were focused on improving underwriting workflows . . . and the answer . . . hands down was, “Yes!”
We heard five key benefits teams hope to achieve with an underwriting workbench:
1. Efficiency and Speed
Traditional underwriting involves manual data entry, slow document review, and fragmented systems. Improved workflows — often powered by automation and/or artificial intelligence (AI) — reduce turnaround time from days to hours or even minutes! This timesaving allows underwriters and underwriting team members to handle more submissions faster.
2. Data Accuracy and Integration
Improved workflows often involve connecting multiple data sources (loss runs, financials, third-party data) into a single view of the submission. At Convr, we know it like the back of our hand! Founded in 2016 for underwriters, by underwriters, our Risk 360 AI data lake has been reducing errors, ensuring consistency and enabling data-driven underwriting for nearly a decade.
And our modularized underwriting workbench brings everything into a single pane — eliminating the need for comprehensive web searches or too many clicks outside of our underwriting workbench.
3. Talent Retention
Underwriters want to do analytical, value-added work — not repetitive tasks. In fact, some of the underwriters we spoke with at ITC Vegas don’t even spend time on certain stages of a submission and leave that work to underwriting assistants to handle. But Convr’s streamlined workflows powered by AI can boost job satisfaction and help carriers attract and retain top underwriting talent — giving them inspiring work they can be proud of and want to actually do!
4. Better Risk Selection
When workflows are optimized, underwriting team members can spend less time on administrative tasks and more time analyzing high-value risks. This leads to better decision-making and improved loss ratios and combined ratios.
- Profitability and Growth
Automation of repetitive tasks and streamlining the claims process directly impact profitability by minimizing claims leakage and improving overall operational efficiency. Through Risk 360 and enrichment of data, underwriters have a broadened understanding of the risk and are more informed to make important pricing decisions that lead to improvement in profitability.
In short — improved underwriting workflows translate to:
- faster decisions
- smarter risk selection
- happier underwriting teams
- healthier margins
If you’re curious about how Convr can help you improve on these points in your commercial P&C insurance underwriting operations just reach out to Convr today.