Convr vs Jumpstart Insurance — Underwriting workstation for US insurance, 2026.
Convr (7 named carriers) and Jumpstart Insurance (3 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
- Convr has 7 publicly-named carrier deployments; Jumpstart Insurance has 3. Both at the underwriting workstation layer.
- Zero customer overlap in the public roster. Convr and Jumpstart Insurance are addressing different carriers within the same stack layer.
- Both classified ai-native on Phidea's generation axis.
- Ownership contrast: Convr is independently held; Jumpstart Insurance is a subsidiary of Neptune Insurance Holdings Inc. (NYSE: NP).
- Analyst coverage: 1 firm cover both, 2 only Convr, 2 only Jumpstart Insurance.
Customer overlap
| Bucket | Count |
|---|---|
| Named on Convr only | 7 |
| Named on Jumpstart Insurance only | 3 |
| Named on both | 0 |
| of which US-named on at least one side | 0 |
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)
Only on Jumpstart Insurance
- The Channel Syndicate 2015 at Lloyd's (SCOR Group) (UK)
- AmWINS Group (US)
- Neptune Flood (parent, post-acquisition) (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
- Generation
- ai-native
- Stack layer
- Underwriting workstation
- Founded
- 2016
- Lines
- commercial, specialty
- Generation
- ai-native
- Stack layer
- Underwriting workstation
- Founded
- 2015
- Lines
- home, commercial, specialty
- Replaces
- traditional indemnity earthquake cover, manual loss adjustment
Ownership and corporate context
Jumpstart Insurance
- Type
- subsidiary
- Parent
- Neptune Insurance Holdings Inc. (NYSE: NP)
- Acquired
- 2021
- Ticker
- NP
Source: PR Newswire
Carrier-segment specialization
Convr — geographic split
- US7
Jumpstart Insurance — geographic split
- US2
- UK1
Analyst coverage differential
Both covered by
- Reinsurance News · Convr (2025: Zurich North America enhances underwriting efficiency with Convr AI) · Jumpstart Insurance (2021: Neptune Flood acquires parametric insurtech Jumpstart Insurance)
Only Convr cited by
- Carrier Management (2020: DataCubes Becomes Convr, and Its CEO Explains Why)
- PR Newswire (2025: Convr AI Holds the Universe of Commercial Insurance within Submission Ontology)
Only Jumpstart Insurance cited by
- Insurance Journal (2021: Jumpstart Parametric Earthquake Firm on Move in West)
- Guy Carpenter (2022: Use of USGS ShakeMap for Parametric Earthquake Transactions)
Recent news (last 12 months)
No news items in the last 12 months for either tool.
Sourced limitations
- 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
- Jumpstart is a surplus-lines insurance broker and parametric MGA, not a piece of software a carrier can license. Engaging Jumpstart means buying the parametric earthquake cover (now as a Neptune Flood product) or co-originating on Neptune's capacity stack — not installing a standalone underwriting workstation, pricing engine, or trigger-calculation module inside an existing carrier environment. The USGS ShakeMap monitoring, the PGV trigger logic, and the SMS payout infrastructure are bundled with the policy.Source: Insurance Journal
- The product pays on an index trigger — a USGS ShakeMap peak ground velocity of 30 cm/s or higher within the insured's census block — not on measured property loss. Basis risk (the gap between the $10,000 / $20,000 fixed payout and the actual cost of earthquake damage) is structural to the product form. A total-loss homeowner event (typical California single-family replacement cost well in excess of $500k) is plainly not covered by a $10,000 payout; the product is positioned as rapid liquidity for out-of-pocket recovery costs, not as a replacement for indemnity earthquake cover (which in California is dominated by the CEA).Source: Jumpstart Insurance
- Disclosed venture funding across the independent-company phase (2015-2021) was modest — roughly $2-3M across seed rounds with Insurtech Gateway, Village Capital, Plug and Play Insurtech, Berkeley Angel Network, and Republic crowdfunding participants. There is no disclosed Series A. Jumpstart did not reach independent scale; the exit was a strategic acquisition by Neptune Flood in October 2021 (terms undisclosed), not a growth-round IPO path.Source: Crunchbase
- No Gartner, Celent, Forrester, or Novarica leader-quadrant placement surfaces in public indexing. Coverage is concentrated in insurance trade press (Insurance Journal, Reinsurance News, Carrier Management, PropertyCasualty360, Coverager) and one Guy Carpenter methodology note on USGS ShakeMap parametric transactions. Post-acquisition, Jumpstart is discussed primarily inside the Neptune Insurance Holdings S-1 and IPO coverage (NYSE: NP, October 2025) as a sub-1% line of the parent's portfolio.Source: InsurTech Digital
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 Convr and Jumpstart Insurance?
- 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 Convr and Jumpstart Insurance?
- Convr is independently held. Jumpstart Insurance is a subsidiary of Neptune Insurance Holdings Inc. (NYSE: NP).
- Which has more named US carriers?
- Convr has the larger publicly-named US roster: Convr 7, Jumpstart Insurance 2. 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. Convr operates as a standalone vendor; Jumpstart Insurance replaces traditional indemnity earthquake cover, manual loss adjustment.