At-Bay vs Convr — Underwriting workstation for US insurance, 2026.
At-Bay (3 named carriers) and Convr (7 named carriers) both sit at the underwriting workstation layer. Zero customer overlap in the public roster — they are addressing different segments of the same stack layer.
Last verified 2026-05-29 · methodology
TL;DR
- At-Bay has 3 publicly-named carrier deployments; Convr has 7. Both at the underwriting workstation layer.
- Zero customer overlap in the public roster. At-Bay and Convr are addressing different carriers within the same stack layer.
- Both classified ai-native on Phidea's generation axis.
- Both independent ownership.
- Analyst coverage: 0 firms cover both, 3 only At-Bay, 3 only Convr.
Customer overlap
| Bucket | Count |
|---|---|
| Named on At-Bay only | 3 |
| Named on Convr only | 7 |
| Named on both | 0 |
| of which US-named on at least one side | 0 |
Only on At-Bay
- At-Bay Specialty Insurance Company (US)
- Markel Corporation (subsidiary) (US)
- HSB Specialty Insurance Company (Munich Re) (US)
Only on Convr
- Zurich North America (US)
- Hiscox USA (US)
- Penn National Insurance (US)
- Encova Insurance (US)
- Selective Insurance (US)
- WCF Insurance (US)
- Columbia Insurance Group (US)
Counts derived from 10sourced carrier-deployment entries across both vendor cards. Aggregate-only statements (e.g. “16 of the top 20”) excluded.
Stack position
Ownership and corporate context
Carrier-segment specialization
Analyst coverage differential
Only At-Bay cited by
- TechCrunch (2020: Cyber insurance startup At-Bay raises $34M Series C, adds M12 as a new investor)
- Insurance Insider US (2025: At-Bay to exit the admitted cyber market, sunsetting its product offering)
- Insurance Journal (2022: Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay)
Only Convr cited by
- Carrier Management (2020: DataCubes Becomes Convr, and Its CEO Explains Why)
- Reinsurance News (2025: Zurich North America enhances underwriting efficiency with Convr AI)
- PR Newswire (2025: Convr AI Holds the Universe of Commercial Insurance within Submission Ontology)
Recent news (last 12 months)
No news items in the last 12 months for either tool.
Sourced limitations
- At-Bay is a US-only operator. Cyber policies are placed through At-Bay Specialty Insurance Company (E&S, 44 US states) or through a Markel subsidiary (admitted, 47 states). No UK, EU, or Canadian authorised entity is published. Internationally licensed brokers cannot bind At-Bay capacity directly.Source: At-Bay
- In 2024–2025 At-Bay shuttered its Relay digital placement platform (acquired August 2022), laid off approximately 10% of staff including 25 Israeli R&D roles, and announced the sunset of its admitted cyber product — retrenching to E&S cyber and InsurSec. This signals that the combined 'insurance + MDR' thesis has not yet produced a scalable dual-sided P&L.Source: The Insurer / Cyber Risk Insurer
- At-Bay's claims efficacy data (ransomware frequency, MDR containment times under 15 minutes) is self-reported from its own book via the annual InsurSec Report. Independent validation from Gartner, Forrester, Celent, or Advisen is not published in 2024–2025 cyber insurance quadrants.Source: At-Bay
- Convr's total disclosed funding is approximately $18M across two rounds, ending with the $15.2M Series B in November 2019. No later equity rounds have been publicly announced. That capital base is modest compared to well-funded underwriting automation peers, which may constrain the pace of model development and international expansion.Source: PR Newswire
- Convr is a US commercial P&C specialist. Its submission ontology and carrier integrations are built for the US market — standard and specialty commercial lines. It does not serve personal lines, life, health, or workers' comp as primary lines, and no European or Asia-Pacific carrier deployments have been publicly announced.Source: Convr
- Convr's accuracy claim for machine-read data is 91%, which means roughly 1 in 11 data points still requires human review or correction. For high-volume small commercial portfolios this is workable; for complex middle-market risks with long loss-run histories, residual manual touches remain.Source: Convr
- Convr does not replace a policy administration system or rating engine — it sits upstream of those. Carriers that lack mature APIs into their policy admin stack will need integration work to route the structured output Convr produces into downstream underwriting decisions.Source: Convr
Limitations published on Phidea are sourced to the underlying citation and reflect what is publicly named — not an exhaustive list. Consult the vendor card for the full record.
Frequently asked
- Do any carriers run both At-Bay and Convr?
- Not in Phidea's public roster. Across 10 sourced carrier-deployment entries on both vendor cards, zero carriers appear on both. The two tools are addressing different carriers within the same stack layer.
- Who owns At-Bay and Convr?
- At-Bay is independently held. Convr is independently held.
- Which has more named US carriers?
- Convr has the larger publicly-named US roster: At-Bay 3, Convr 7. Public-roster size is a coverage signal, not a quality signal — vendors with stronger NDAs may have larger actual US footprints than the public count shows.
- Where are these tools positioned in the insurance stack?
- Both sit at the underwriting workstation layer. At-Bay replaces manual cyber underwriting, traditional mga submission review; Convr operates as a standalone vendor.