ConvrAI®is celebrating a decade in the commercial insurance data domain in the new year by recognizing the depth of its submission ontology. The leading artificial intelligence (AI) company serving commercial insurance organizations with its underwriting workbench has been surfacing data from its vast, continuously updated and expanded submission ontology for customers since 2016.
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The Convr underwriting workbench is powered by a commercial P&C insurance ontology – a smart framework that centralizes all customers' data, logic, and workflows into one connected system. It securely combines their customer data with enriched submission data and deeper risk insights, all feeding into downstream systems and supporting historical change analysis.
The submission ontology acts as a central, unified framework to connect disparate data, business logic and actions, creating a dynamic, centralized commercial insurance domain-specific schema with JSON output.
“It's not just another tech layer,” said John Stammen, Chief Executive Officer atConvr. “It's the backbone for smarter, faster, and more consistent underwriting in the commercial P&C insurance domain.”
The Convr AI submission ontology has developed over the past decade informed by the data needs of 80% of the written premium in the commercial insurance domain and is readily available out-of-the-box, ensuring immediate integration and deployment without customer development for future-proofed standardization.
Our pre-built ontology supports diverse underwriting requirements across both standard and specialty lines, covering the full workflow from submission through rate, quote, and bind. It was purpose-built for commercial underwriting workflows, integrating essential enrichments directly into the submission through bind process.
“Our approach eliminates the need forConvrcustomers toincurcostsor operational overhead for document analysis andontologymaintenance,” said Stammen.
All customers, from brokers to carriers andMGAs, benefit directly from ongoing updates andenhancementsto the ontologythatConvrimplements on their behalfwithoutadditionaleffort.This historical marker forConvr is a win for commercial insurance andis apivotal moment as we advance the industry from manual underwriting to technological innovation.
AboutConvrAI®Convr is an AI underwriting, data, and intelligent documentautomationworkbench that drives world-class customer experiences. It delivers premium growth,insightsand efficiency for commercial P&C insurance organizations of all sizes, including many of the top 20 carriers, MGA's,Brokersand Reinsurers.Convris revolutionizing the industry through data,discoveryand decision intelligence. To learn more, visitwww.convr.com.
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