Solutions
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The Convr Discovery Process
Prioritization for Technology Adoption
| Improved relationship with broker | Increase broker TNPS due to more clarity and better reaction |
| Reduced quote turnaround time | |
| Better and bigger pipeline | Improved hit ratio due to better risk selection |
| Increased pipeline (submission) due better broker engagement | |
| Reduce expenses | Reduce cost per transaction |
| Improved underwriting | Improved loss ratio due to more refined underwriting |
| Reduced misclassification of business | |
| Improved UW experience | Better employee engagement |
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Prioritization of Pain Points Defines Solution
Which Convr Capability Should You Engage First?
Use Cases for Achieving Superior Underwriting Performance
Companies that need to increase underwriting productivity & speed to quote
Prioritizing and reviewing submissions is often very manual and cumbersome but Risk 360 helps underwriters reduce time to quote. With d3 Score, underwriters will be able to rapidly narrow risks within appetite and deep dive on selected risks via d3 Risk 360 (vs. google search and DOT).
Companies that need to reduce underwriting operating costs
Convr’s implementations has seen a material reduction in operational cost across clearance, underwriting file preparation. Automation of these steps have helped our customers lower operational costs (FTE or BPO).
Companies focused on growing premiums
Increased underwriting productivity and speed-to-quote is expected to drive increased quote ratios, resulting in increased binds/new business.
Companies that need to better calibrate risk selection
High performing d3 Score ML models inform risk selection, translating to better calibration of risk selection across the underwriting team.
Companies focused on ensuring price adequacy
When re-underwriting/re-pricing segments of a book of business is appropriate, d3 Scores helps insurers identify the segments where they have an opportunity to review and adjust pricing to better reach their target loss ratio.