MGA’s/MGU’s
Program Managers with Underwriting Authority
As an MGA/MGU, you play a vital role in the insurance industry, given your underwriting authority from carriers and your specialized knowledge. That’s where Convr’s solutions can support you as you identify critical insights and increase efficiency enabling increased speed in quoting and pricing risk with greater accuracy. Our IDP solution--Intake AI also automates/populates carrier provided excel raters.
Sitting within our Risk 360 AI data lake is valuable data specific to many of the coverages reflected in this wheel.
Convr also delivers nearly 1,000 answers to key underwriting questions for any of these lines. We can also configure keywords to support your underwriting guidelines.
Benefits Experienced by Our Customers
What Matters Most to You?
Profitability
Expand capacity, gain competitive advantage and grow revenue with embedded business rules, better access to relevant data and improved decisioning.
Price Adequacy
Identify more or less risky submissions and segments in the specified population so pricing is more aligned with relative exposure.
Productivity
Prioritize submissions to rapidly narrow risks within appetite and deep dive on selected risks.
Customer Experience
Reduce data gathering touchpoints and the time associated with record retrieval and validation for applicants.
Loss Avoidance
Calibrate individual risks and predict those most likely to experience a loss in the coming year.
Underwriting Efficiency
Drive efficient submission intake, prioritization, underwriting analysis and decisioning with a full-suite of AI-infused commercial insurance tools.
Speed to Quote
Increase quote-ratios and new business by accelerating the underwriting process from intake to data collection to identifying the right submission questions and answers.
Underwriting Experience
Streamline the underwriters’ work experience with more complete and accurate data, clearer insights and heightened decision confidence.