Convr is an AI-driven commercial insurance underwriting platform known for transforming property and casualty (P&C) underwriting through data, automation, and decision science.
Convr provides a modular AI workbench for insurers, digitizing submissions and surfacing business classification, risk scores, and actionable insights. Its tools enable real-time decisioning from rich data sources, boosting efficiency and improving the underwriting experience for both carriers and underwriters.
Founded in 2016 by insurance professionals, Convr originally operated under the name DataCubes before rebranding to reflect its tech-driven, convergent approach. Its headquarters is in Schaumburg, Illinois, and the company now employs around 50–54 people. Convr’s leadership and founding team combine expertise in insurance, technology, and business operations.
Convr closed a $15.2M Series B funding round in 2019. Reports suggest its total investment has reached up to $18M, with its enterprise value cited between €55–83M by some sources. Growth has been fueled by its adoption across numerous tier one carriers and increasing usage for high-risk and specialty lines underwriting.
Convr’s primary offering is its AI Underwriting Workbench, which features:
Advanced data extraction from thousands of sources
AI-powered risk selection, prioritization, and business classification
Automated and straight-through processing with over 70% reduction in manual application questions
Modular architecture with decision support tools, dashboards, workflow automation, and integration kits
Data lake with over 2000 sources for enhanced insight and risk evaluation
Recent developments include enhanced OCR for extracting form and claims data, expanded self-service dashboards, new workflow automation tools, and analytical modules tailored for specialty lines underwriting. Convr is recognized for regularly delivering upgrades to support efficiency and accuracy in underwriting.
The company emphasizes a collaborative, mission-driven environment focused on digitizing and improving commercial underwriting. Benefits for employees extend beyond standard packages, with a strong commitment to work-life balance, continuous learning, and a diverse team that blends insurance specialists and technologists. The culture values organizing data, insights, and streamlined processes to make underwriters’ work more rewarding and efficient.
Convr serves customers ranging from small commercial insurers to three of the top 20 carriers in the U.S. Its user base includes underwriters, producers, MGAs, brokers, and reinsurers across P&C insurance—particularly organizations focused on growth, operational transformation, and digital efficiency. Convr supports its community with hands-on training, partner programs, and knowledge sharing through webinars and documentation.
