Convr’s AI is Best in Class

When it comes to artificial intelligence (AI) Convr AI really has it going on. Our modularized AI underwriting, data and intelligent document automation workbench enriches and expedites the commercial insurance new business and renewal submission flow with underwriting insights, business classification and risk scoring.

The workbench is filled with tools that are designed to automate the application of your underwriting guidelines with the flexibility to adjust with your experience—so that every new submission or renewal is consistently processed to reflect your risk appetite, both in terms of selection and prioritization. 

And our favorability among some of the top 20 carriers proves that we are a trusted source of insurance intelligence and efficiency, helping customers query their data and ours to get more accurate answers faster. We enable data validation through our data catalog and displayed data lineage, including source derivation, date last updated, name of data source and direct linkage to the source of data.

What more makes Convr AI’s Underwriting Workbench best in class?
 

• Our workbench was built with AI as its foundation with large language models (LLMs) and deep learning synthesizing data and patterns since 2016 

• Convr’s domain-specific platform protects against drift and hallucinations 

• Our human-in-the-loop assisted workbench embeds continuous compliance guardrails around decisioning inputs and outflows 

• Our targeted learning interactions advance domain expertise 

• Our Risk 360 AI data lake considers all available related source data to safeguard against discrimination 

• All types of AI are embedded throughout the Convr Underwriting Workbench, taking advantage of best in breed for purpose \

What types of AI are infused in Convr’s workbench? 

Deep Learning: With Intake AI, the Convr workbench uses Deep Learning to ingest, extract, classify and digitize any asset type, file or document form, from PDF to Excel spreadsheet to hand-written notes – structured and unstructured. For instance, it ingests medical claims, financial and broker forms, Loss Runs, SOVs, endorsements, ACORDs, etc.

Large Language Models: Through Answers AI, the workbench uses LLMs to choose the best answers to underwriting questions and to identify the best NAICS or SIC codes for business classification.

Predictive AI: With Risk Score AI, the Convr workbench uses Predictive AI to develop Scores for the likelihood of loss in the coming 12 months for Workplace Safety and Commercial Auto, and to rank submissions based on risk appetite.

Hybrid AI: With Risk 360 AI, Hybrid AI is the foundation of our Risk 360 AI Data Lake that not only surfaces the most relevant information about a risk but also continuously enriches data and algorithms to the underlying knowledge graph with new learning leading to a learning loop for exposure identification. This data is then surfaced across workbench functions.

Generative AI: Generative AI with our new Co-pilot will enable underwriters to cull their underwriting knowledge base (including data extracted from surfaced from Risk 360 AI and submission Intake AI, as well as actions taken and underwriting guidelines) for content relevant to an individual risk. Output will include a summary and citation to the source document. The workbench co-pilot will be chatbot-enabled for Q&A.

Convr AI is the tool of the time—and of choice, for many top 20 carriers, MGA’s and brokers that are selecting to streamline and expedite their workflows and to improve speed to quote. It’s a more human-centric approach—putting the underwriter first, putting them in the cockpit of a more advanced, unified and efficient process.

Outpace your competition today with a modularized artificial intelligence underwriting and intelligent document automation workbench that enriches and expedites the commercial insurance submission flow with underwriting insights, business classification and risk scoring.

To learn more about our modern AI underwriting workbench request a demo from Convr’s Marketing Team today: https://convr.com/about-us/contact/.