Case Study: Convex achieves under-30-second SOV and loss run processing with Indico Data

Convex cuts SOV and Loss Run processing time to under 30 seconds with Indico Data Solutions

Convex, a global specialty insurance and reinsurance carrier, faced challenges with slow and inaccurate manual processing of underwriting submissions like statements of value and loss runs. To address these inefficiencies, which limited underwriting capacity and broker responsiveness, Convex partnered with Indico Data to implement its Intake & Orchestration Platform.

By deploying Indico Data's platform to automate submission ingestion, validation, and routing, Convex transformed its intake process. The solution reduced the median processing time for key documents from hours to under 30 seconds, significantly improving data accuracy, underwriting throughput, and operational efficiency.

Convex