CHICAGO, May 19, 2020 /PRNewswire/ -- Convr, formerly known as DataCubes, a leading insurtech that provides an AI-powered underwriting decisioning platform for U.S. commercial property and casualty (P&C) insurers, has today unveiled its new name. Convr stands for convergence, a concept that reflects the company's passion for combining the power of technology and decision science to enable superior underwriting decisions.
This past year has been an instrumental time of positioning the company for growth, as it closed a $15.2 Million Series B funding round in November 2019. Convr is focused on scaling its solutions, investing further in research and development and expanding its team. This will enable the organization to continue to help carriers streamline their commercial underwriting processes while delivering world-class customer experiences.
"Building on the success of DataCubes, Convr will continue to provide its advanced technology and exceptional client service focus that customers have grown accustomed to since our launch in 2016," said Harish Neelamana, co-founder and president. "As we continue to grow and innovate, the name Convr best represents our vision of empowering commercial P&C insurers through decision science."
"We are excited to announce our new name and rebrand as part of our continued evolution in helping advance the insurance industry," said Bruce Simpson, chief executive officer.
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.