Penn National Insurance continues its strategic partnership with Convr aimed at optimizing the efficiency and effectiveness of its commercial P&C underwriting.
CHICAGO, Feb. 6, 2025 /PRNewswire-PRWeb/ -- Penn National Insurance continues its strategic partnership with Convr AI® aimed at optimizing the efficiency and effectiveness of its commercial property and casualty insurance underwriting processes.
Penn National is a property-casualty mutual insurance company, founded in 1919 and headquartered in Harrisburg, Pennsylvania. Their partnership to improve underwriting through the power of Convr AI began in 2019.
Convr is the leading artificial intelligence (AI) company serving commercial insurance organizations. Together the two companies work to expedite Penn National's underwriting and streamline submission to quote through Convr's Risk 360 AI and Answers AI modules.
The Convr AI Underwriting Workbench is trained to emulate the best practices of a human underwriter. With its machine learning models, Convr analyzes and interprets over four billion data points to build robust business profiles that help carriers discover important underwriting insights and risk characteristics in near real-time.
"With our AI analyzing the digital footprint of a business and reducing the number of underwriting questions that need to be asked manually, Penn's underwriters have much more time to dedicate to the human side of underwriting," said John Stammen, Convr Chief Executive Officer. "This technology enables a more consistent and comprehensive review process, thereby resulting in reduced expenses and loss.
Media Contact
Alex Williams, Convr, 1 21773727282, [email protected], Convr
SOURCE Convr
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