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.”
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.”
We are always looking to optimize and improve our processes, and with this underwriting automation technology, we are going to be able to solve a big productivity challenge. We look forward to offering our agents an improved experience that allows for increased speed and greater accuracy.”
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.”
Underwriting Perspective: The Right Time for Straight-Through Processing
Now, more than ever, the insurance industry is taking rapid steps toward innovative approaches that will increase the efficiency of traditional processes and keep customers satisfied. With a hardening market and...