Case Study: Hiscox USA improves underwriting accuracy with Convr AI

Hiscox USA boosts underwriting data accuracy to 93% with Convr

Hiscox USA, a leading small business insurer, faced the challenge of ensuring the accuracy of self-reported data for underwriting. This was crucial for improving risk assessment and policy rating. To address this, Hiscox partnered with Convr and leveraged its Risk 360 AI and Answers AI products to gain a more detailed and accurate understanding of the businesses they insure.

The solution implemented by Convr enabled Hiscox to efficiently review policy data and verify its accuracy behind the scenes, reducing the burden on customers. This partnership resulted in a 93% data return rate, which significantly improved underwriting accuracy and risk evaluation. Convr's tools helped Hiscox enhance the customer experience while strengthening protection for both the policyholder and the insurer.

Hiscox USA