Locations
Schaumburg, IL, USA
industry
Information Technology
Size
51-200 employees
Stage
Series B
founded in
2016
Convr AI transforms the commercial insurance business with a modular, end-to-end underwriting management workbench powered by a patented-AI decisioning engine. In support of each insurer’s precise underwriting objectives, Convr captures the complete digital profile of a business leading to unprecedented precision in underwriting decision-making. The highly intuitive platform delivers insights and recommendations, including Convr Answers AI that allows users to expand detailed risk information with their own additional questions to make better decisions. With its modular design, Convr supports specific business use cases at each process and digitization stage of development. Convr AI has perfected how commercial insurance businesses access, analyze, and interpret risk data with its single, comprehensive, easy-to-use AI platform built specifically for commercial insurance. Convr AI helps underwriters navigate vast amounts of data, uncover opportunities, and enable automations to support the best user experience while increasing written premiums and improving underwriting profitability. Commercial insurance organizations including three of the top 10 carriers trust Convr to help them transform their underwriting experience with straight-through processing and more comprehensive data. Convr’s underwriting command center brings together data, discovery, and decisioning intelligence through its patented AI engine to reduce application questions by over 70% and increase underwriting productivity by up to 10x.
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