Schaumburg, United States
Convr, founded in 2016, is revolutionizing the commercial insurance sector with its AI-driven underwriting and data processing platform. Branded as a modularized AI underwriting, data, and intelligent document automation workbench, Convr caters specifically to the precise needs of insurers by providing a full digital profile of business clients, leading to superior underwriting accuracy.
With its intuitive platform, Convr offers cutting-edge insights and recommendations through features like Convr Answers AI, allowing users to delve deeper into risk analysis. Its unique modular design supports insurance businesses at various digitization stages, enhancing their capability to assess risk data efficiently.
The company's solution has gained the trust of major players in the industry, including three of the top 20 carriers, due to its ability to facilitate straight-through processing, significantly improving productivity and profitability.
Having raised a $15.20M Series B round in November 2019 from investors like M25 and Stage 2 Capital, Convr is poised for considerable growth, positioned as a key player at the intersection of AI, Data Analytics, and Insurance.
