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 * Who We Help
   * Insurance Carriers
   * Reinsurers
   * Managing General Agents/Underwriters
   * Producers
   * Risk Managers
 * Solutions
   * Customized Models
   * Efficient Submission Intake
   * Gather Correct Business Information
   * Identify Correct Business Classification
   * Data Enrichment
   * Identify Submission Q&A
   * Pre-fill Efficiency
   * Evaluate Risk Quality & Score
   * Use Cases
 * Platform
   * Intake AI™
   * Risk 360 AI™
   * Answers AI™
   * Risk Score AI™
 * Resources
   * Calculate Your ROI
   * Prioritization Model
   * Blog
   * Case Studies
   * News
   * Videos
 * About Us
   * Leadership
   * Careers
   * Recognition
   * Events
   * Partnerships
 * Try Now


 * Who We Help
   * Insurance Carriers
   * Reinsurers
   * Managing General Agents/Underwriters
   * Producers
   * Risk Managers
 * Solutions
   * Customized Models
   * Efficient Submission Intake
   * Gather Correct Business Information
   * Identify Correct Business Classification
   * Data Enrichment
   * Identify Submission Q&A
   * Pre-fill Efficiency
   * Evaluate Risk Quality & Score
   * Use Cases
 * Platform
   * Intake AI™
   * Risk 360 AI™
   * Answers AI™
   * Risk Score AI™
 * Resources
   * Calculate Your ROI
   * Prioritization Model
   * Blog
   * Case Studies
   * News
   * Videos
 * About Us
   * Leadership
   * Careers
   * Recognition
   * Events
   * Partnerships
 * Try Now


 * Who We Help
   * Insurance Carriers
   * Reinsurers
   * Managing General Agents/Underwriters
   * Producers
   * Risk Managers
 * Solutions
   * Customized Models
   * Efficient Submission Intake
   * Gather Correct Business Information
   * Identify Correct Business Classification
   * Data Enrichment
   * Identify Submission Q&A
   * Pre-fill Efficiency
   * Evaluate Risk Quality & Score
   * Use Cases
 * Platform
   * Intake AI™
   * Risk 360 AI™
   * Answers AI™
   * Risk Score AI™
 * Resources
   * Calculate Your ROI
   * Prioritization Model
   * Blog
   * Case Studies
   * News
   * Videos
 * About Us
   * Leadership
   * Careers
   * Recognition
   * Events
   * Partnerships
 * Try Now


 * Who We Help
   * Insurance Carriers
   * Reinsurers
   * Managing General Agents/Underwriters
   * Producers
   * Risk Managers
 * Solutions
   * Customized Models
   * Efficient Submission Intake
   * Gather Correct Business Information
   * Identify Correct Business Classification
   * Data Enrichment
   * Identify Submission Q&A
   * Pre-fill Efficiency
   * Evaluate Risk Quality & Score
   * Use Cases
 * Platform
   * Intake AI™
   * Risk 360 AI™
   * Answers AI™
   * Risk Score AI™
 * Resources
   * Calculate Your ROI
   * Prioritization Model
   * Blog
   * Case Studies
   * News
   * Videos
 * About Us
   * Leadership
   * Careers
   * Recognition
   * Events
   * Partnerships
 * Try Now

Try Now



RISK 360 AI™


DRIVE GROWTH AND MITIGATE LOSSES WITH DEEPER AND FASTER DISCOVERY



Streamline research and enhance applicant data with the power of AI. Risk 360 AI
is a data lake comprised of the digital footprint of millions of businesses –
built with an underlying knowledge graph that unleashes detailed insights from
the intersection of tens of thousands of data elements.


KEY CAPABILITIES

VISUALIZE A DEEPER APPLICANT VIEW

Access a comprehensive view of a business's digital footprint drawn from
thousands of data sources including local, state, and federal government
information, social media, business websites and thousands of others to better
inform decision making.

DETERMINE RISK APPETITE WITH GREATER EFFICIENCY

Harness Convr’s centralized command center that brings together your data and
insights from thousands of third-party sources for more informed decisions.

ORGANIZE THE VAST AMOUNT OF INFORMATION

Use Convr’s data cards, by category and by line-of-business, to realize
important insights leading to better decisions.

EMPOWER UNDERWRITERS TO BRING THEIR OWN DATA

Easily integrate your own data with Convr’s third-party data sources to gain a
more holistic applicant view and to build more confidence in risk selection.

RETAIN AND REUSE APPLICANT DATA

Stop losing valuable information from manual process to assure a historical
audit compliance and to inform future models and decisions.


RISK 360 AI™ ENABLES SUPERIOR UNDERWRITING DECISIONING

Risk 360 AI™ delivers unrivaled insights from machine learning models that
synthesize a vast array of information and delivers a comprehensive view of the
submission based on underwriting appetite.

WELL-INFORMED UNDERWRITING

Increased productivity and effectiveness with data/data driven decisions

ENRICHED CUSTOMER DATA FOR ANALYTICS

Granular risk characteristics enhance attributes available for analytics

COMPREHENSIVE VIEW

Business’s digital footprint is synthesized and exposed for better informed
underwriting analysis

DYNAMIC DATA UPDATES

Continuous tracking identifies shifts in exposures


RISK 360 AI ENABLES MORE EFFICIENT AND ACCURATE UNDERWRITING, ACTUARIAL, CLAIMS
AND DATA SCIENCE DECISIONING


DATA SOURCE EXAMPLES | CUSTOMIZED EXTENSIBILITY



Granular risk characteristics enhance attributes available for analytics


IDENTIFYING THE CORRECT BUSINESS CLASSIFICATION - PROCESS


CONVR BUSINESS CLASSIFICATION RELIES ON MACHINE LEARNING TO EVALUATE SOURCE
INFORMATION FROM THE DATA LAKE TO CHOOSE HIGHEST RANKED CLASS CODE(S)



CHALLENGES

 * Businesses are misclassified up to 60% of the time according to The Consumer
   Federation of America estimates.
 * Business classifications are not always available from submissions.
 * Misclassification can lead to inaccurate pricing.

CONVR SOLUTION

 * Convr outperforms on business classification more than 70% of the time.
 * AI-driven insights deliver more granular business classification.
 * Continuously updated data and machine learning models drive increasing
   accuracy over time.


IDENTIFYING THE CORRECT BUSINESS CLASSIFICATION - APPROACH

Convr supports a more sophisticated approach to business classification

WHAT TYPE OF BUSINESS IS THIS?

That may appear to be a simple question, but it does not always have a simple
answer. We have an unparalleled heritage in answering this question from an
underwriting perspective and perfecting the answers with machine learning. This
gives us a major advantage in the insurance industry.

Example: Full-service restaurant with table side cooking
NAICS + Keywords = Deeper Insights Full-Service Restaurant = NAICS 722511
Keywords identified: table side cooking, open flame

ANSWERS AI PROVIDES

Answers/keywords combination improves classification granularity resulting in
better risk identification (primary and secondary NAICS codes), selection and
pricing.


IDENTIFYING THE CORRECT BUSINESS CLASSIFICATION - ACCURACY


SOLVING FOR THE DIFFICULT CHALLENGE OF ACCURATE CLASSIFICATION, WE ENABLE
SUPERIOR RISK EVALUATION AND RATING WITH REVIEW AND EDIT CAPABILITIES.

Taking the full list of possibilities and using patented AI to narrow down to
the most accurate choice(s)

This is actually an electrical contractor that forms custom foam products to
insulate electrical components





BRING YOUR OWN DATA (BYOD)

With BYOD, your current best data sources can be combined with Convr data and
models in the Convr Underwriting Command Center. This is the way to supercharge
your trusted sources and models in a single powerful environment that delivers a
more comprehensive applicant view and greater risk selection confidence. We work
with customers to include these enhanced data sets into submission
prioritization rules, risks scores and answers.

DATA ENRICHMENT


DATA ENRICHMENT CAN BE USED FOR BOOK ROLLS OR RENEWAL BUSINESS. IT CAN EVEN HELP
CARRIERS IDENTIFY UNIDENTIFIED OR HIGH-RISK EXPOSURES WITHIN THEIR EXISTING
BOOKS.

Book enrichment provides in-depth insights into the entirety of your various
books of the business. Policy files are enriched from d3 Risk 360 data using
data from thousands of public and third-party data sources.

Insights from this enriched data can be used to get better results from book
rolls, new product development and portfolio analysis.

CAPABILITIES

 * Validate data across all your policies and enrich your books across the
   business
 * Append data and identify policy anomalies for future decision-making support
 * Track changes to book level statistics automatically on a recurring schedule
 * Identify real-time lessor's risk only (LRO) property data on businesses to
   glean greater exposure insights


PATENTED CAPABILITIES: RISK 360 AI, ANSWERS AI AND RISK SCORE AI

 * DETECT
   
   Key words online for your business applicant so you can more easily surface
   the correct class codes representing the picture of the insured’s company.
   
   

 * COLLECT
   
   Key words online for your business applicant so you can more easily surface
   the correct class codes representing the picture of the insured’s company.
   
   

 * OVERLAY
   
   Overlay the applicant’s digital footprint within your company and line of
   business underwriting rules and/or models to provide optimal categorization
   and prioritization of submissions leading to more accurate risk selection.
   
   

 * CONFIGURE
   
   Configure and specify key words and workflows to find adverse signals by line
   of business and class.
   
   

 * RELY
   
   Rely on up-to-date data that is refreshed as a scheduled activity at the same
   rate as each data source.
   
   

 * SYNTHESIZE
   
   Synthesize digitized submissions with big data to produce in-line, real-time,
   cross-referenced business classifications, answers and scores to improve
   underwriting productivity.
   
   


CONVR AT WORK


LEARN HOW ENCOVA INSURANCE DROVE REAL RESULTS WITH CONVR RISK 360 AI

 * Helps its underwriting teams save time – spending less than half the time
   they used to reviewing submissions
 * Supports a culture of underwriting excellence
 * Retains and attracts insurance industry talent by investing in digitally
   enabled employee experiences

Read the Encova Insurance Case Study


BENEFITS

LOSS AVOIDANCE

Calibrate individual risks and predict those most likely to experience a loss in
the coming year.

UNDERWRITING EFFICIENCY

Drive efficient submission intake, prioritization, underwriting analysis and
decisioning with a full-suite of AI-infused commercial insurance tools.

PRICE ADEQUACY

Identify the submissions and segments that are riskier or less risky in the
specified population so pricing is more aligned with relative exposure.

SPEED TO QUOTE

Increase quote-ratios and new business by accelerating the underwriting process
from intake to data collection to identifying the right submission questions and
answers.





REALIZE END-TO-END UNDERWRITING EXCELLENCE WITH CONVR AI

Experience how commercial P&C insurance organizations benefit from submission to
quote with a frictionless process enriched by AI decisioning, empowering them to
make better decisions, faster.

Try Now or
Calculate Your ROI

Convr® empowers commercial property and casualty (P&C) carriers with modern
end-to-end underwriting management powered with a patented-AI decisioning engine
that transforms the underwriting experience.

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WHO WE HELP

 * Insurance Carriers
 * Reinsurers
 * Producers
 * Managing General Agents / Underwriters
 * Risk Managers

ABOUT

 * Leadership
 * Careers
 * Events
 * Contact

PLATFORM

 * Intake AI™
 * Risk 360 AI™
 * Answers AI™
 * Risk Score AI™

RESOURCES

 * Calculate Your ROI
 * Prioritization Model
 * Blog
 * Case Studies
 * News
 * Videos
 * Become a Partner

SOLUTIONS

 * Customized Models
 * Data Enrichment
 * Efficient Submission Intake
 * Gather Correct Business Information
 * Identify Correct Business Classification
 * Identify Submission Q&A
 * Pre-fill Efficiency
 * Evaluate Risk Quality & Score

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