Convr
Convr is a Schaumburg, IL-based AI software company providing commercial P&C insurance carriers, MGAs, and brokers with an AI Underwriting Workbench — modular intake, enrichment, classification, and decisioning capabilities built on a proprietary commercial P&C knowledge graph and data lake.
- Company typePrivate
- Founded2016
- HeadquartersSchaumburg, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Convr does
Convr is a Schaumburg, Illinois-based AI software company founded in 2016 that builds the Convr AI Underwriting Workbench for commercial property and casualty (P&C) insurance carriers, managing general agents (MGAs/MGUs), and brokers. The platform automates and augments commercial underwriting by ingesting structured and unstructured submission documents, enriching them with third-party and proprietary data, classifying businesses and exposures, prioritizing risks against carrier appetite, and routing submissions through intake to quote. Its customer base spans enterprise carriers (Hiscox USA, Zurich North America, Crum & Forster, Lockton) and mid-market insurers and program managers (Ohio Mutual, Tangram, Encova, Penn National, WCF Insurance, Western National), with disclosed customer outcomes including 130%+ underwriting efficiency gains, 50% reduction in submission processing times, and 8% combined ratio improvement on commercial auto lines.
The technical core of the platform is the Risk Context Engine (RCE), described as the industry's first commercial P&C-specific knowledge graph and semantic ontology, calibrated on a decade of production data and more than 2,500 integrated sources. The RCE underpins every AI capability across the Workbench — Intake AI (computer vision and ML-based document digitization), Risk 360 (a proprietary data lake of 785 million data points on 87 million businesses), Answers AI (NLP-based business classification), Risk Score AI (predictive risk selection), the Convr AI Generative AI module, and Agentic AI workflow agents for referral, declination, financial analysis, and underwriting authority. The Workbench exposes its capabilities via Convr Connect APIs and, as of June 2026, Model Context Protocol (MCP) support that makes RCE context accessible to AI agents such as Microsoft Copilot and Anthropic Claude. It integrates via modern APIs with the three dominant commercial insurance policy administration systems — Guidewire, Duck Creek, and Sapiens — and is listed in the Guidewire Marketplace at the Technology Alliances Growth tier.
Convr makes money primarily through enterprise SaaS subscriptions to the Workbench (sold module-by-module — Intake, Risk 360, Answers, Scores, Workflow, d3 Desk, Insights, Convr AI, RCE) under quote-based, multi-year contracts. Pricing is not publicly disclosed and acquisition is gated behind 'Book a Demo' CTAs. Additional revenue comes from professional services via a dedicated Customer Success Services organization, and from data and integration add-ons drawing on partner data sources (Swiss Re, Property Guardian, Dun & Bradstreet, Experian, and others). Total disclosed equity funding to date is approximately $17.7 million across rounds in 2017, 2018, and 2019, with the most recent round ($15.2M) led by Palm Drive Capital. The company is privately held, headquartered at 475 N Martingale Rd, Suite 820, Schaumburg, IL, with a Chicago operational base, and employs 51–100 people.
Convr firmographics
Firmographics- Name
- Convr
- Legal name
- Convr
- Website
- https://convr.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Convr is a Schaumburg, IL-based AI software company providing commercial P&C insurance carriers, MGAs, and brokers with an AI Underwriting Workbench — modular intake, enrichment, classification, and decisioning capabilities built on a proprietary commercial P&C knowledge graph and data lake.
- Ownership category
- akta.pro rank
Convr industry classification
Industry- Product category
- Insurance Underwriting Software
- NAICS
- Software Publishers (513210), Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industries
- Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK), Model Governance, Risk & Compliance (GRC) Platforms (HDAAAKAA), AI Governance, Risk & Compliance (GRC) Platforms (HDAAAMAA), Enterprise AI Data & Knowledge Platforms (Vector Databases, Knowledge Graphs) (HDAEANAH)
Keywords
Where Convr is headquartered
LocationHeadquarters
- HQ city
- Schaumburg
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Convr business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Workbench Subscription (SaaS): Recurring SaaS subscription to the Convr AI Underwriting Workbench sold to commercial P&C carriers, MGAs and brokers. Sold as a modular platform with modules including Intake, Risk 360, Answers, Scores, Workflow, d3 Desk, Insights, Convr AI, and RCE — enabling land-and-expand adoption.
- Professional Services / Customer Success: Dedicated Customer Success Services and Customer Support teams led by a VP of Customer Experience provide onboarding, adoption, expansion and renewal support. Implementation is supported by a dedicated team and partner ecosystem.
- Data and Integration Add-ons: Add-on revenue from third-party data sources (e.g., Swiss Re CatNet, Property Guardian wildfire analytics) and software integrations (Coherent, Exavalu) accessible through the workbench, providing enrichment and specialized risk analytics at the point of decision.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based enterprise subscription; modular pricing not publicly disclosed. |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels9 records
Convr product offering
Product offeringCore offering
Convr sells the Convr AI Underwriting Workbench, a modular AI underwriting, data, and intelligent document automation platform that ingests, structures, enriches, classifies, scores, and routes commercial property and casualty insurance submissions for carriers, MGAs/MGUs, and brokers. The platform is built on a proprietary commercial P&C knowledge graph and semantic ontology (the Risk Context Engine) and is delivered as enterprise SaaS with modern APIs and integrations to major policy administration systems including Guidewire, Duck Creek, and Sapiens.
Product overview
Convr offers a single unified platform — the Convr AI Underwriting Workbench — composed of a core AI underwriting, data, and intelligent document automation engine plus a set of named modules that customers can adopt individually or as an interoperable suite. The platform is grounded in the Risk Context Engine (RCE), a commercial P&C knowledge graph and semantic ontology that powers every AI capability across the system. The modular suite includes Intake AI (intelligent document processing and submission intake), Risk 360 (commercial insurance data lake with 87M+ businesses), Answers AI (underwriting question answering and business classification), Risk Score AI (risk prioritization and selection), Workflow (collaboration and routing), d3 Desk (centralized decisioning workspace), Convr AI (Generative AI assistant), and Insights (portfolio analytics). Supporting features include Biz Intel (low-digital-footprint enrichment) and the Data Catalog (~3,000 data sources). Convr Connect APIs and MCP-based AI agent integrations expose the Workbench's capabilities to external systems and AI agents.
Differentiator
Problem solved
Functional benefit
Brands
- Convr AI Underwriting Workbench: The modular AI underwriting platform offering Intake, Workflow, Risk 360, d3 Desk, Answers, Convr AI, Scores, Risk Context Engine (RCE), and Insights modules.
Products and services
- Convr AI Underwriting Workbench Modular AI underwriting, data, and intelligent document automation workbench serving commercial P&C insurance organizations. Built on the Risk Context Engine (RCE), powers AI-powered intake, enrichment, classification, scoring, and agentic decisioning across submission through quote workflows.
- Intake AI (d3 Intake) Automates submission intake by ingesting, splitting, classifying, and prioritizing precise data from structured and unstructured documents (PDFs, Excel, Word, email, ACORD forms, inspection forms, loss runs, schedules) using computer vision and machine learning.
- Risk 360 (d3 Risk 360) Commercial insurance data lake containing digital footprints of millions of businesses (87M+ companies, 785M+ data points) with addresses, geo-coding, CAT modeling codes, property intelligence, distance-to-coast, and hazard indicators.
- Answers AI (d3 Answers) Applies decision science to correctly classify businesses and answer complex underwriting questions, auto-pre-fills submission applications and classifies based on business activity and risk exposure, enabling straight-through processing.
- Risk Score AI (d3 Risk Score) Applies decision science to risk selection, relativity, and lead scoring, automatically optimizing and prioritizing risks for evaluation based on each carrier's unique risk appetite to identify high-value submissions and improve win rates.
- Convr AI (Generative AI Module) Conversational AI assistant embedded in the workbench, built on the Context Engine (commercial insurance ontology, knowledge graph, semantic layer), enabling underwriters to interactively discuss submissions, generate summaries, retrieve submission details, and execute actions to finalize submissions.
- Risk Context Engine (RCE) Industry's first commercial P&C knowledge graph and semantic ontology encoding the language, structures, exposures, classifications, and decision logic of underwriting into a unified, machine-readable model, calibrated on a decade of production data and 2,500+ integrated sources, powering every AI capability across the Workbench.
- Workflow Streamlines collaboration and moves submissions forward faster through synchronized workflows with full-suite AI-infused agentic tools supporting underwriting analysis and decisions.
- d3 Desk Centralized workspace for managing underwriting decisions, providing an Underwriting Command Center as a single place to assess risk, price appropriately, and avoid losses.
- Insights Uncovers patterns and trends across the entire book of business, supporting portfolio management analysis by capturing and reporting on real- and near-time data to identify profitable lines of business, underwriters, producers, geographies, and segments.
Quantifiable outcome
- 130% increase in underwriting efficiency for customers such as Tangram Insurance Services
- +11 more outcomes
Companies that use Convr
Customer profileNamed customers13 records
Segments7 records
Ideal customer profiles4 records
Convr technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration24 records
AI capability13 records
Feature10 records
Convr partnerships and signals
Strategic signalPartnerships
25 partnerships are on record, tiered strategic ai agent integration partner, core pas integration partner, strategic flagship partner for wildfire intelligence, strategic data partner for catastrophe analytics, strategic data partner for property intelligence, software partner within expanded ecosystem, service partner within expanded ecosystem, core cloud infrastructure partner, strategic data partner for business intelligence, data partner for business digital footprint, standards-aligned software partner, data partner, software partner, data partner for property intelligence, major global service partner, data partner for asset valuation, data partner for property valuation, strategic data partner for credit and business intelligence, data partner for hazard analytics and data partner for driver risk.
- Microsoft Copilot (MCP integration)strategic ai agent integration partnerConvr released Model Context Protocol (MCP) support for its Risk Context Engine, making it accessible to AI agents such as Microsoft Copilot and Claude. Available to Convr Underwriting Workbench customers including carriers, MGAs, and brokers.
- Anthropic Claude (MCP integration)strategic ai agent integration partnerConvr released MCP support making the Risk Context Engine accessible to Anthropic's Claude, enabling underwriters to access exposure profiles, prior loss context, peer benchmarks and classification data traceable to source directly within Claude.
- Guidewirecore pas integration partnerConvr Underwriting Workbench integrates with Guidewire as part of its core-system-agnostic architecture, enabling carriers and MGAs to deploy AI-powered underwriting on Guidewire core systems without rip-and-replace. Convr is also part of the Guidewire Marketplace (Technology Alliances Growth tier).
- Duck Creekcore pas integration partnerConvr's AI Underwriting Workbench integrates with Duck Creek policy administration systems via modern APIs, allowing carriers and MGAs to deploy AI-powered intake, enrichment, classification, scoring, and agentic decisioning without waiting for full core system transformation.
- Sapienscore pas integration partnerConvr integrates with Sapiens policy administration systems as part of its core-system-agnostic approach; combined with Duck Creek and Guidewire integrations, this enables Convr to serve carriers on any major commercial insurance core system.
- Property Guardian (Green Shield Holdings)strategic flagship partner for wildfire intelligenceStrategic partnership to integrate Property Guardian's property-level wildfire intelligence directly into the Convr AI Underwriting Workbench. Provides structure, parcel, community, and regional wildfire analytics inline within Convr submissions. Available to Convr customers immediately; reduces reliance on costly in-person loss control inspections and supports faster, more defensible underwriting on wildfire-exposed accounts.
- Swiss Re CatNet®strategic data partner for catastrophe analyticsSwiss Re CatNet added to Convr's expanded partner ecosystem to provide catastrophe analytics to commercial underwriters at the point of decision.
- Swiss Re Property Data Services (PDS)strategic data partner for property intelligenceSwiss Re PDS added to Convr's expanded partner ecosystem to deliver property data and analytics to underwriters within the workbench.
- Coherentsoftware partner within expanded ecosystemCoherent joined Convr's expanded partner ecosystem as a software partner, integrating with the AI Underwriting Workbench.
- Exavaluservice partner within expanded ecosystemExavalu joined Convr's expanded partner ecosystem as a service partner to support implementations and customer engagements.
- AWScore cloud infrastructure partnerAWS listed as a Software Partner on Convr's Partnerships page, providing cloud infrastructure underpinning the Convr AI Underwriting Workbench.
- Dun & Bradstreetstrategic data partner for business intelligenceDun & Bradstreet listed as a Data Partner on Convr's Partnerships page, contributing business intelligence to Risk 360 enrichment.
- Yelpdata partner for business digital footprintYelp listed as a Data Partner on Convr's Partnerships page, supporting business digital footprint enrichment for low-visibility insureds.
- ACORDstandards-aligned software partnerACORD listed as a Software Partner on Convr's Partnerships page, aligning with ACORD form standards used in d3 Intake.
- RedZonedata partnerRedZone listed as a Data Partner on Convr's Partnerships page, contributing to Risk 360 enrichment.
- Unqorksoftware partnerUnqork listed as a Software Partner on Convr's Partnerships page, supporting no-code enterprise application integration.
- Betterviewdata partner for property intelligenceBetterview listed as a Data Partner on Convr's Partnerships page, contributing property intelligence to underwriting workflows.
- Cognizantmajor global service partnerCognizant listed as a Service Partner on Convr's Partnerships page, supporting implementation, consulting, and large-scale customer deployments.
- Price Digestsdata partner for asset valuationPrice Digests listed as a Data Partner on Convr's Partnerships page, contributing asset valuation data to Risk 360 enrichment.
- Powerlyticsdata partnerPowerlytics listed as a Data Partner on Convr's Partnerships page, contributing financial and economic data.
- e2Valuedata partner for property valuatione2Value listed as a Data Partner on Convr's Partnerships page, contributing property valuation data for residential and commercial property.
- Experianstrategic data partner for credit and business intelligenceExperian listed as a Data Partner on Convr's Partnerships page, contributing credit and business intelligence data to underwriting workflows.
- HazardHubdata partner for hazard analyticsHazardHub listed as a Data Partner on Convr's Partnerships page, contributing property-level hazard data.
- SambaSafetydata partner for driver riskSambaSafety listed as a Data Partner on Convr's Partnerships page, contributing driver and motor vehicle risk data.
- Insightsoftware partnerInsight listed as a Software Partner on Convr's Partnerships page.
Scale indicators25 records
Recent moves7 records
Expansion highlights6 records
Convr competitors and assessment
Company assessmentDirect peers
- Carpe Data: Insurance data analytics platform providing risk scoring, classification, and predictive insights for commercial underwriting. Comparable to Convr's Answers AI and Risk Score AI modules, with overlap in data-driven underwriting decisions.
- Federato: AI-driven underwriting platform for property and casualty insurance, offering portfolio optimization, submission prioritization, and risk selection. Directly comparable to Convr's risk scoring and workflow automation capabilities for commercial P&C carriers.
- Planck: AI-powered commercial insurance data platform providing business classification, risk insights, and underwriting automation for carriers. Highly comparable to Convr's Answers AI and Risk 360, serving similar commercial underwriting customers.
- Kalepa: AI underwriting platform for commercial insurance, providing submission triage, risk scoring, and underwriting copilot capabilities for carriers. Directly comparable to Convr's agentic AI workflows and Scores modules targeting commercial P&C carriers.
- Cytora: AI-powered commercial insurance underwriting platform that digitizes and enriches submission data for carriers and brokers. Directly comparable to Convr's Intake AI and Risk 360 capabilities, targeting the same commercial P&C customer base with AI-driven risk selection.
Emerging players
- Cape Analytics: AI-powered property intelligence platform providing instant structural and risk attribute data for insurance underwriting. Comparable to Convr's property data enrichment within Risk 360, with focus on geospatial property analytics.
- Betterview: Property intelligence and risk analytics platform serving insurance carriers with aerial imagery and property data. Comparable to Convr's property intelligence features; listed as a Convr data partner but also operates in adjacent property risk scoring.
- ZestyAI: AI risk analytics platform focused on property and catastrophe risk for insurance carriers. Comparable to Convr's property intelligence and CAT modeling features within Risk 360, with narrower focus on natural hazard risk.
Broad incumbents
- Vertafore: Large insurance technology provider offering agency management, rating, and core systems for P&C carriers and agents. A broad incumbent serving the same commercial insurance ecosystem with overlapping capabilities in workflow, rating, and document automation.
- Insurity: Insurance software and analytics provider offering policy administration, claims, and analytics for P&C insurers. Broad incumbent serving the same carrier market with overlapping capabilities in underwriting workflow and data analytics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Convr social profiles
Digital presenceConvr financial estimates
Financial estimateRevenue estimate
Valuation estimate
Convr leadership team
Management profileNumber of profiles
Profiles10 records
Convr funding detail
Funding detailFunding overview
Funding rounds3 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Convr M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Convr
What does Convr do?
Convr sells the Convr AI Underwriting Workbench, a modular AI underwriting, data, and intelligent document automation platform that ingests, structures, enriches, classifies, scores, and routes commercial property and casualty insurance submissions for carriers, MGAs/MGUs, and brokers. The platform is built on a proprietary commercial P&C knowledge graph and semantic ontology (the Risk Context Engine) and is delivered as enterprise SaaS with modern APIs and integrations to major policy administration systems including Guidewire, Duck Creek, and Sapiens.
Is Convr a public or private company?
Convr is a private company. It is classified as venture growth investor backed and is currently operating.
When was Convr founded?
Convr was founded in 2016. It employs 51 to 100 people.
Where is Convr based?
Convr is headquartered in Schaumburg, United States, in the North America region.
How does Convr make money?
Three revenue lines are on record. Workbench Subscription (SaaS) is the primary driver. The others are professional Services / Customer Success and data and Integration Add-ons.
Who are Convr's main competitors?
Direct peers on record are Carpe Data, Federato, Planck, Kalepa and Cytora. Emerging players are Cape Analytics, Betterview and ZestyAI. Broad incumbents are Vertafore and Insurity.
Does Convr have an API?
Yes. Convr offers Convr Connect APIs enabling integration with commercial insurance ecosystems; documented API capabilities support ingestion, enrichment, classification, scoring, and decisioning. APIs are available to Convr Underwriting Workbench customers. Model Context Protocol (MCP) support makes the commercial P&C Risk Context Engine accessible to AI agents such as Microsoft Copilot and Claude. REST-style integrations with standardized JSON outputs connect with policy administration systems (PAS), rating engines, and other systems via modern APIs and configurable data exchanges.
What industry is Convr in?
Convr's product category is Insurance Underwriting Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAK, Document, Workflow & Policy Servicing Automation (RPA/No-Code). Its NAICS code is 513210 and its SIC code is 7372.