Lucid Insurance Group to Take on Tools from Convr's Underwriting Workbench

Error message

Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

CHICAGO, Feb. 3, 2024 /PRNewswire-PRWeb/ -- Convr AI®, the leading Artificial Intelligence (AI) company serving commercial insurance organizations is pleased to announce Lucid Insurance Group will utilize Convr's Intake AI and Risk 360 AI products to gain greater speed, accuracy and efficiency in their underwriting operations starting in 2024.

Metadata

Provider:

PR Newswire

Retrieved on:

Saturday, February 3, 2024

Information

Tags:

Partnership, Lucid, MGA, Research, AI, PAS, Ecosystem, Automation, Managing general agent, Intake, Artificial intelligence, Innovation, Insurance, Organization

Geotags:

ILLINOIS

Organisation:

CONVR

Summary

Key Points:

Convr is pleased to announce Lucid Insurance Group will utilize its workbench to gain greater speed, accuracy and efficiency in their underwriting operations.
"Together, we're going to continue to transform commercial insurance with frictionless underwriting.
Lucid Insurance is an innovative and fast-growing Managing General Agent (MGA) and specialty wholesale producer specializing in middle market, commercial insurance.
"Our team is passionate about reshaping the insurance landscape and providing tailored solutions for our brokers, and their clients," said Charles Smith, Head of Innovation and Strategy at Lucid Insurance Group.

Lucid Insurance Group to Take on Tools from Convr's Underwriting Workbench

Convr is pleased to announce Lucid Insurance Group will utilize its workbench to gain greater speed, accuracy and efficiency in their underwriting operations.

CHICAGO, Feb. 3, 2024 /PRNewswire-PRWeb/ -- Convr AI®, the leading Artificial Intelligence (AI) company serving commercial insurance organizations is pleased to announce Lucid Insurance Group will utilize Convr's Intake AI and Risk 360 AI products to gain greater speed, accuracy and efficiency in their underwriting operations starting in 2024.

"Convr aligns with Lucid's mission to realize efficiency," said John Stammen, Chief Executive Officer at Convr. "Together, we're going to continue to transform commercial insurance with frictionless underwriting.

Lucid Insurance is an innovative and fast-growing Managing General Agent (MGA) and specialty wholesale producer specializing in middle market, commercial insurance. The organization has several niche areas of focus but is principally dedicated to transforming underwriting results in property insurance through cutting-edge technology, data-driven insights, and strategic distribution.

That's where Convr's Intake AI and Risk 360 AI come into play. Together, the products will eliminate manual submission processing by digitally ingesting, preparing and analyzing underwriting documents as well as streamlining research and enhancing applicant data with the power of AI.

"Our team is passionate about reshaping the insurance landscape and providing tailored solutions for our brokers, and their clients," said Charles Smith, Head of Innovation and Strategy at Lucid Insurance Group. "We're approaching underwriting through a different lens and our partnership with Convr is the first step in delivering a better insurance experience and reducing redundancies in the process."

For added efficiency, Convr will also be integrating into Lucid's Policy Administration System (PAS). This is further evidence of Lucid's passion for automation and Convr's ability to seamlessly integrate into an existing ecosystem.

Media Contact

Alex Williams, Convr, 1 2177372782, [email protected], https://convr.com/

View original content:https://www.prweb.com/releases/lucid-insurance-group-to-take-on-tools-from-convrs-underwriting-workbench-302051692.html

SOURCE Convr