Convr is a United States insurtech company founded in 2016 that builds an AI-powered underwriting workbench for commercial property and casualty insurance carriers. The company was founded by underwriters for underwriters and targets the evaluation of risk and the servicing of customers within the insurance and reinsurance industries.
The platform combines three capabilities in a single system: intelligent document automation, which processes documents within the underwriting workflow; data enrichment, which augments the data underlying underwriting decisions; and a patented AI decisioning engine designed to produce faster and more accurate decisions. Together, these components support straight-through processing from submission to quote.
Technical work at Convr spans artificial intelligence, intelligent document automation, data enrichment, decisioning systems and workflow automation applied to insurance underwriting. The company states that insurers waste millions on manual work, and positions its software as a means of improving efficiency and customer experience in a document-heavy domain.
