Enhancing Risk Assessment Capabilities with AI

It all comes down to data. Commercial property and casualty (P&C) insurance underwriting teams rely heavily on data to make informed decisions about underwriting submissions. Their underwriting team members make countless searches—digging through mounds of data, keying through search engine results to get to the bottom of their questions about insurance applicants.

Without accurate data they cannot properly assess risk, appropriately price exposures, provide the right coverages and much more. So when it comes to technological advancement opportunities in the insurance space, why isn’t every insurance organization racing to sign up with Convr AI? Well, the time is now.

Risk 360 AI
Convr has accurate and available data in our rich Risk 360 AI data lake. As of 2024, our rich data lake is filled with nearly 785 million entities that are continuously enriched through our purpose-built data pipelines.

Users can streamline research and enhance applicant data with the power of AI. Built with an underlying knowledge graph, our data lake unleashes detailed insights from the intersection of tens of thousands of data elements that are continuously updated, with deep lineage and history.

With Convr’s d3 Risk 360 commercial P&C underwriters can:
 

• Visualize a deeper applicant view  

• Assess risk appetite compliance with greater efficiency  

• Synthesize the vast amounts of information  

• Empower underwriting teams (data science) to bring their own data to our pre-tested models  

• Retain and reuse applicant data for modeling, operational and portfolio analysis
   

The insurance industry is in the throes of significant technological transformation, including the use of artificial intelligence and machine learning. Underwriting teams need to adapt to and leverage these technologies to enhance their risk assessment capabilities.

And utilizing Convr’s deep data lake is one way to do that. Underwriting teams can rely on the accuracy of the data contained within our data lake to make informed account decisions. Risk 360 AI delivers unrivaled insights from machine learning models that synthesize a vast array of information and delivers a comprehensive view of the submission based on your underwriting appetite.

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 Risk 360 AI can transform how your underwriting teams perform and positively impact your performance and profitability.