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Planck is the leading commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Planck's technology platform aggregates and mines massive datasets, using the latest advances in artificial intelligence (AI) to automatically generate and deliver key insights customized to the commercial underwriting process. The end result is a frictionless underwriting process with greater insurer visibility into risk factors, leading to improved new business conversion and retention rates and lower loss ratios. Planck’s platform brings automation and intelligence to the underwriting process – empowering commercial insurers to focus on underwriting that truly requires human expertise.
"In the next few months, the time from submission to quote is going to be dramatically reduced. Planck's unique combination of very high coverage of businesses and accuracy is one …
“Incomplete submissions were part of our day-to-day, which forced us to search for answers manually, having back-and-forth discussions with agents regarding a chunk of the submissions, making the turnover time …
“Until Planck, our underwriting process was intensely manual and relied too much on ‘gut-feel’ decision making. Now we make decisions based on hard evidence, grounded in data and analytics.”
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