December 12, 2023
Convr AI® Earns Recognition for Top-notch Security Controls and Compliance
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.
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.
“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.
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.
About 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. Convr is revolutionizing the industry through data, discovery and decisioning intelligence.