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January 7, 2025

Convr AI Rings in New Year with New Achievements in 2024

NEWS

CHICAGO (January 7, 2025) – Convr AI®, the leading artificial intelligence (AI) company serving commercial insurance organizations with its underwriting workbench is raising a toast to their customers and partners for all they have accomplished over 2024.

The past year was a whirlwind of activity and achievements in the Convr AI journey to help commercial insurance organizations underwrite better and faster, and we documented many achievements toward that goal while significantly advancing our modularized AI underwriting data analysis workbench capabilities. 

New additions, features and advancements for 2024:

Business Process Outsourcing/Human-in-the-loop Operations:  

  • Convr structured customer documents, streamlined processes and enhanced the user interface in 2024 to reduce human-in-the-loop (HITL) time for customers subscribing to this service. 
  • Underwriting Workbench: The already feature-rich Convr AI Underwriting Workbench gained more features in 2024. It now supports sanctions, tasking, advanced search and brings more flexibility to adapt to each customer’s specific workflow. 

Customer Success: 

  • Convr has expanded its offering of dedicated professional services resources working side-by-side with the Customer Experience team and customers to ensure timely and efficient delivery of customer initiatives. 
  • Insights AI for advanced reporting was developed and rolled out to active customers starting the first quarter of 2024. Users can rely on Convr’s monthly reporting metrics with access to real-time data. This allows customers to gain real time insights into activity and submission volume to identify and address opportunities that would improve their productivity. 

“Convr is looking forward to unlocking even more performance improvements for customers in 2025,” said Convr CEO, John Stammen. “We have an unparalleled passion for commercial insurance and we’re certain our customers will continue to see benefits from our innovative AI in the coming year.”

About Convr®

Convr is a modular AI underwriting, data, and intelligent document automation workbench powered by a commercial P&C insurance ontology that enriches and expedites submissions decisions with the best data, insights, business classification and risk scoring – reducing submission through quote times by 70%, increasing new business win rates, and quickly identifies renewal material changes. To learn more, visit convr.com. Follow Convr on Twitter, Instagram, LinkedIn and YouTube.

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