(Image source: Convr homepage.)
DataCubes (Schaumburg, Ill.), an InsurTech that provides an AI-powered underwriting decisioning platform for U.S. commercial property/casualty insurers has rebranded as Convr. The new name stands for convergence, a concept that reflects the organization’s passion for combining the power of technology and decision science to enable superior underwriting decisions, according to a company statement.
Convr closed a $15.2 Million Series B funding round in November 2019 and is currently focused on scaling its solutions, investing further in research and development and expanding its team, the statement says. Convr says expansion of its team 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,” comments Harish Neelamana, co-founder and president, Convr. “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,” comments Bruce Simpson, CEO, Convr.