CHICAGO (March 3, 2021) – Convr, a leading underwriting decisioning platform for commercial P&C insurance carriers, announced today that Joyn Insurance, an innovative InsurTech company serving the commercial insurance needs of small and middle markets, will use Convr’s d3 IntakeTM to ensure maximum underwriting efficiency and the ability to provide timely quotes and policies at bind.
“We know that there is a better way to transact commercial insurance,” said Stephan Braig, Head of R&D and co-founder of Joyn. “Connecting data and insurance expertise through technology makes all the difference in the underwriting process. Our growing partnership with Convr is enabling us to automate the intake of submission documents, develop a structured set of data points for seamless integration with rating and create an experience that our underwriters, brokers and customers will enjoy.”
Harish Neelamana, co-founder and president of Convr, added, “We are thrilled to be part of Joyn’s journey of dynamic growth. Through our partnership, we will help to optimize Joyn’s underwriting process from the very start by enabling a friction-free, efficient and highly scalable underwriting process.”
Convr’s platform supports all core commercial lines of business and classes. All parts of the platform are available via white-labeled portal and/or API. The platform is segmented into four products:
- d3 Intake™ reads and digitizes submission paperwork, such as ACORD applications and loss runs, to reduce manual data entry
- d3 Risk 360™ provides additional insights on risks from thousands of third party data sources
- d3 Answers™ uses AI to respond to underwriting questions, saving significant underwriter time while improving consistency and accuracy
- d3 Risk Score™ enables risk selection and prioritization to better focus downstream underwriting resources
Headquartered in Schaumburg, Illinois, Convr is a leading underwriting decisioning platform for commercial P&C insurers. The company has revolutionized the commercial underwriting process with cutting-edge AI and decision science. Commercial carriers of all sizes use Convr to make real-time underwriting decisions based on rich data and intelligence gathered by external sources to improve productivity, profitability, efficiency and accuracy. To learn more, visit www.convr.com. Follow Convr on Twitter and LinkedIn.
About Joyn Insurance
Joyn Insurance is a newly formed InsurTech that will be underwriting commercial insurance in the small and middle markets. Anticipating market entry in Spring 2021, Joyn will be powered by technology, data and expertise to deliver a transparent and trusted experience to brokers and customers. Follow Joyn on LinkedIn.