- Convr, founded in 2016 and headquartered in Schaumburg, Illinois, is a leading provider of an AI workbench specifically designed for commercial property and casualty underwriting, leveraging advanced technology to enhance underwriting efficiency and effectiveness.
- In the past year, Convr has celebrated its 10th anniversary, raised $18 million in Series B funding, and appointed Eli O'Donohue as the new Head of Data and AI Underwriting Solutions to strengthen its product offerings.
- The company has established partnerships with major commercial insurers such as Ohio Mutual Insurance Group and WCF Insurance, achieving significant improvements for clients, including a 130% increase in efficiency and a 70% reduction in submission-to-quote times.
- Convr's ideal buyers are commercial insurance organizations seeking to streamline their underwriting processes; their AI solutions address common pain points such as lengthy quote turnaround times and inefficiencies in data analysis, making them a compelling option for sales teams targeting the insurance sector.
Convr's workforce is organized into ten distinct departments, with Engineering (10 employees) and Information Technology (7 employees) being the largest. Sales and Operations each contribute 6 employees, indicating a balanced approach to both technical and client-facing functions. The presence of dedicated teams in Marketing, Executive, and Human Resources further supports a well-rounded organizational structure, ensuring that both operational and strategic needs are met effectively.
The company operates across 11 locations, with significant concentrations in Chicago, IL, and Schaumburg, IL, each housing 7 employees. New York, NY, contributes an additional 3 employees, while other locations account for a total of 23 employees, indicating a distributed workforce model. This geographic diversity allows Convr to tap into various talent pools while maintaining a strong presence in key metropolitan areas.
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