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Convr
United States
11 Apr 2016 (9 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Convr
Company Information
Get to know Convr
Convr is the leading Artificial Intelligence (AI) company that is digitally transforming commercial P&C insurance, enabling a frictionless underwriting experience. The platform has revolutionized the industry through data, discovery and decision intelligence (Data. Discovery. Decision.™). The Convr family encompasses commercial carriers of all sizes, including many of the Top 10 carriers, which use the platform to enable superior performance, optimal efficiency and world-class customer experiences. Convr’s solution supports all core commercial lines of business and classes. All parts of the platform are available via a highly-intuitive underwriting user desktop, as well as through system-to-system API connectors. In the workplace, Convr enables four core use cases: d3 Intake™ reads and digitizes submission paperwork, such as ACORD applications and loss runs, to reduce manual data entry; d3 Risk 360™ provides additional insights on risks from thousands of data sources; d3 Answers™ uses AI to respond to underwriting questions, saving significant underwriter time while improving consistency and accuracy; d3 Risk Score™ enables risk selection and prioritization to better focus downstream underwriting resources Commercial insurers are able to put forth a modern, digital underwriting experience that helps them achieve superior operational and ROI including: Attaining 40-60% Straight-Through Processing of new business submissions; Saving up to 5 hours of research time per underwriter per week; An exceptional customer experience, thereby raising the value of their brand to become the Carrier of Choice in their markets. Convr currently powers a strong family of leading brands such as Penn National, Columbia, Crum & Forster, Joyn Insurance, Encova, AF Group, to name a few, that are now using AI to achieve underwriting excellence. To learn more, visit https://www.convr.com/
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- Financial InsurancePRIMARY
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