Digital Transformation is Here and Now

It is 2025 and the digital transformation era is here, and with it has come countless innovations for businesses to explore. Rapid advancements changing modern times in the ever-competitive tech world have led companies to adapt and accelerate their adoption of emerging technologies. There is no longer room or much of an appetite for holding onto dated business models and practices. Change is upon us!

To remain competitive in this rapidly changing landscape, organizations must quickly update their strategies and embrace the changes that are most likely to impact the customer experience and their bottom line in the most significant ways. This means staying on top of the latest trends in digital transformation.

Top of the list is the adoption of artificial intelligence (AI), machine learning (ML) and cloud computing. In most industries, and very definitely the insurance industry, these technologies can propel operational improvement and advancement at an unprecedented pace.

Turns out insurance underwriting teams, just like those in many other industries, have the desire to be more efficient and want to find ways to automate tasks to drive productivity and the user experience. And AI can be the ticket.

Convr is an AI underwriting, data, and intelligent document processing workbench and can do just that. Convr is the only underwriting workbench delivering a full-suite of modularized, AI-infused commercial insurance tools that support underwriting analysis and decisioning.

Here’s a breakdown of the four key tools in the Convr workbench and what they do to advance your underwriting data gathering and decisions:

Intake AI: Convr’s Intake AI engine eliminates manual submission processing by digitally ingesting, preparing and analyzing underwriting documents. For every submission that flows through your organization, we extract key data points and augment 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: Convr’s Risk 360 AI streamlines research and enriches applicant data with the power of artificial intelligence. Risk 360 AI is a vast 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: Convr’s Answers AI streamlines and centralizes all available information about an applicant’s business and answers numerous underwriting questions directly through insurance trained AI models. There are two key components of Answers AI: answered underwriting questions that confirm risk characteristics and validated business classification.

Scores: Convr’s Scores helps producers and underwriters evaluate where a business is on a quality of risk spectrum which can mean the difference between the decision to write or decline coverage. It can also translate directly to pricing adequacy or not. At Convr, we offer different risk scores to measure different things. They all deliver a similar benefit in that they provide a score to crystalize where a risk falls on the distribution of similar risks.

If you are new to Convr or just getting started with your AI or digitization journey, the best way to explore your options would be to set up a short phone call and demo with our team. You can do that here.

We would love the opportunity to get to know more about your needs and how Convr can apply our innovative AI to propel your operations to new levels of efficiency and user satisfaction. Learn more about Convr at https://convr.com/.