Convr AI® Expands Commercial Insurance Underwriting Workbench Features; Hits Significant Milestones in Q1 2024

CHICAGO (September 10, 2024) – Convr AI®, the leading artificial intelligence (AI) company serving commercial insurance organizations announced significant enhancements to its already robust, feature-rich modular platform – including increased workflow attributes to extend its underwriting workbench. These new capabilities were driven by customer demand for further low-touch, AI-informing automation.

“Convr significantly advanced our modularized AI underwriting data analysis capabilities this year, progressing our goals to create a transparent, trusted and one-of-a-kind insurance experience for the commercial insurance organizations, including E&S, Specialty Lines, Healthcare and Financial segments,” said John Stammen, Chief Executive Officer at Convr. “With every new customer engagement, we get closer to realizing our goal of transforming the insurance industry.” 

In Q1 2024 alone, Convr hit significant production milestones:  

• Convr processed more than 250,000 submissions (underwriting reviews) per month 

• Convr processed over six million pages of insurance application data in that same period 

“Convr is looking forward to unlocking even more performance improvements for customers in the remainder of 2024,” said Stammen. “We have an unparalleled passion for commercial insurance and we’re certain our customers will continue to see benefits from our innovative AI the rest of the year.”