Ready to explore our products with this tour? Here the journey begins from a portal where either the agent or the prospect (in cases of direct business) need to enter only their business name and an address or phone number. From there, behind the scenes, d3 Risk 360™ instantly uncovers the digital footprint of the business by tapping our data lake that contains more than four billion data points across all 50 states.
Now that the business and its digital footprint are found, wouldn’t it be great if machine-learning models could be run on this information to automatically answer the underwriting questions? This is where d3 Answers™ comes in handy. It provides immediate answers to underwriting questions through our specialized models that are trained to think like underwriters.
As we come near the end of the underwriting journey, there is one more critical step. How do we know this risk is within our risk appetite? We are aware that would not only free up the underwriter’s time, but it would also ensure profitability. That is why we have d3 Score™. With d3 Score, machine-learning models are used to analyze what is known about the risk and determine if it falls within your risk appetite. Once the risk is qualified, it can be sent to the carrier’s rating engine and a quote can be displayed for the user—all in a matter of seconds!
All Convr solutions are hosted in the cloud on Amazon Web Services (AWS). AWS is by far the leading cloud solutions provider, with five times more deployed infrastructure than the next 14 competitors combined. This gives Convr the flexibility and scalability to meet customer needs, and enable Convr to partition company-specific data in private servers.
Built on Microservices
Microservices enable fast iterations while maintaining a robust solution. Because they are independent and loosely coupled, they enable rapid iteration while also delivering superior performance on a relatively small infrastructure footprint.
Available Through a Variety of Delivery Mechanisms
Convr solutions can be consumed through API, a white-labeled portal, and email interfaces. The architecture was designed with this flexibility in mind in order to more easily integrate into existing carrier systems and processes.
The solution from Convr will help reduce time-consuming manual processes, enhance risk selection and significantly improve productivity.”
Connecting data and insurance expertise through technology makes all the difference in the underwriting process. Our growing partnership with Convr is enabling us to automate the intake of submission documents, develop a structured set of data points for seamless integration with rating and an experience that our underwriters, brokers and customers will enjoy.”
Stephan Braig, Head of R&D, Co-founder, Joyn Insurance
Partnering with Convr provides a competitive advantage to our organization, as it will enable us to improve the speed and quality of our underwriting decision-making based on the digital footprint of the businesses we serve.”
After a thorough review of all options on the market, Convr was the clear choice for us based on the exceptional performance of their platform and strong culture of partnership. Together, we look forward to transforming the way insurance – specifically workers' compensation – is delivered to our customers.”
Abel Travis, Vice President, Fundamental Underwriters, AF Group
Convr stood out as the superior partner to power our proactive approach to workers compensation insurance. By partnering with Convr, we are empowered to run a well-informed, AI-driven underwriting process that is optimized with the latest technology from Day One.”
Convr will enable our underwriting team to quickly identify underwriting risk characteristics and to systematically collate relevant underwriting data from various sources to improve business agility and the decision-making process.”
Randy Mancini, Vice President of Commercial Lines, Penn National Insurance
A big part of our relentless pursuit to be the best program partner in the industry is leveraging technology to provide next-level service. Convr has been essential in powering our business with the accurate processing and presentation of data so our underwriters can focus on the human elements of analyzing risk and interacting with our distribution channel.”
Convr is a key part of helping us achieve our mission: to set the standard others strive for in all aspects of our business. We look forward to implementing this innovative technology that will enable us to continue to advance the level of service we provide to our customers.”
Lance LaGere, President and COO, National American Insurance Company (NAICO)
Our partnership with Convr helps us further our commitment to providing world-class service to our agents and insureds. Documents that previously took days or weeks to process are now being digitized and completed in a matter of minutes. Our submission process and underwriting efficiencies have greatly improved.”
Case Study: Columbia Insurance Group Partners with Convr to Deliver Underwriting Excellence to Agents
More than 80% of personal lines and individual life insurers are currently using straight-through processing (STP) to automate their underwriting processes according a recent Novarica article. Due to the complexity of...