Indico Data, the leading provider of intelligent intake solutions, is proud to announce its partnership with Convex Insurance, a forward-thinking specialty insurance and reinsurance carrier.
Boston, MA, June 4th, 2024 – Indico Data, the leading provider of intelligent intake solutions, is proud to announce its partnership with Convex Insurance, a forward-thinking specialty insurance and reinsurance carrier, committed to innovation and excellence in underwriting. This strategic collaboration aims to further transform Convex’s submissions intake processes, leveraging Indico Data’s cutting-edge AI technology to achieve unparalleled efficiency, accuracy, and decision-making in underwriting practices.
In the rapidly evolving insurance landscape, Convex recognized the need for a new intelligent intake solution to stay ahead of market demands and customer expectations. The primary challenges included accelerating the ‘submission to quote’ turnaround time, ensuring 24/7 availability, and accessing more comprehensive submission data for superior underwriting decisions.
Indico Data’s solution is a good fit for Convex Insurance’s requirements, offering a flexible, scalable solution capable of handling an array of complex document types and processing extremely high volumes of documents with unparalleled efficiency. This technology not only promises to significantly reduce manual efforts, but also to improve the overall underwriting experience for both the insurer and its clients. Beyond the technological superiority of Indico’s Intelligent Intake solution, Convex valued Indico’s approach to partnership. They highlighted the collaborative method Indico employs in addressing intricate intake challenges as a key factor in maximizing their investment.
“Indico Data’s partnership with Convex Insurance marks a significant milestone in our mission to enable carriers to make better decisions with better data,” said Indico Data CEO, Tom Wilde. “By harnessing the power of our AI-driven Intelligent Intake solution, Convex Insurance is set to achieve a remarkable reduction in submission to quote times, enhancing accuracy, all while accessing deeper insights for risk assessment.”
“The collaboration between Indico Data and Convex will further enhance our ability to access more comprehensive submission data, allowing us to make more informed underwriting decisions, better assess risks, and ultimately deliver superior value to our customers.” said Akhil Lalwani, Chief Data Officer Convex Insurance.
About Convex Insurance:
Convex Group is an international specialty insurer and reinsurer focused on complex specialty risks across a diverse range of business lines. The company brings together best in class talent, a diversity of thought and the freedom and independence of a strong balance sheet to create a fresh approach to business.
The Group’s ambition is to offer something different to its clients and to engage with them in a true partnership based on fairness, dignity and respect.
Convex was founded by Stephen Catlin and Paul Brand and operates out of London, Bermuda, Luxembourg and New Jersey. The company has an “A“ (Excellent) A.M. Best rating and an “A-“ with stable outlook S&P rating.
About Indico Data
Indico Data automates critical workflows for enterprises in document-intensive industries, including insurance, financial services, and healthcare. With the Indico Intelligent Intake™ Solution, organizations can free their experts from tedious, manual tasks, allowing them to drive better decisions with better data. Visit https://indicodata.ai to learn more.
