Planck

Planck

Software Development

New York, NY 5,256 followers

AI Data Platform for Commercial insurance. Increasing commercial premiums while reducing loss and expense ratios.

About us

Planck is the leading commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Planck's GenAI-enhanced underwriting workbench aggregates and mines massive datasets, using the latest advances in artificial intelligence 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. And the integrated generative AI allows underwriters to ask questions to dig even deeper into risk insights.

Website
http://www.planckdata.com
Industry
Software Development
Company size
51-200 employees
Headquarters
New York, NY
Type
Privately Held
Founded
2016
Specialties
artificial intelligence, Commercial Insurance, General Liability, Workers Compensation, Small Businesses, Commercial Property Insurance, Employment Practices Liability (EPI), Insurance quotes, Insurtech, and Fintech

Locations

Employees at Planck

Updates

  • View organization page for Planck, graphic

    5,256 followers

    Meet your underwriting game-changer: Planck PLUS. 🚀 Discover how Planck PLUS, our innovative AI-driven tool, can completely transform your underwriting process. With Planck PLUS, turning raw data into actionable insights is now easier than ever. Uncover critical information promptly and accurately, helping you identify hidden exposures in the blink of an eye. Planck PLUS stands firmly on three fundamental pillars: 1️⃣ Real-Time Data Access: Harness the power of real-time data to make instant decisions. 2️⃣ Tailor-Made Workflow: Seamlessly integrates into your existing workflows, eliminating any integration hitches. 3️⃣ AI Assistant: Ask the smart plus chat any insurance-related queries to discover the real risk profiles of your clients in no time. Craft your coverage policies and set competitive premiums anchored to the most accurate facts using state-of-the-art AI technology. ✨ Remember, it's not about working harder; it's about working smarter. Discover how you can leverage Planck PLUS: https://lnkd.in/ghYjN-CB #Insurance #InsurTech #AI #Underwriting #Innovation #PlanckPLUS

  • View organization page for Planck, graphic

    5,256 followers

    💾 Outdated technology significantly limits the efficiency and accuracy of risk assessments in the insurance industry. We highlight the transformative potential of AI and modern technologies in addressing these limitations. 🆕 By transitioning to agile models, investing in technology, and adhering to ethical practices, insurers can enhance their operational efficiency and provide more accurate risk assessments. This not only improves profitability but also ensures a better consumer experience in the digital age. 🔍 Swipe through to see all the ways in which outdated technology limits insurance efficiency and risk accuracy. Follow us to see how Planck's advanced technology solutions tackle these issues and transform insurance! 🔔 https://lnkd.in/ghYjN-CB #Insurance #Insurtech #Innovation #AI #RiskAssessment

  • View organization page for Planck, graphic

    5,256 followers

    Trying to do AI in underwriting while struggling with transparency? Elad Tsur, our Co-Founder & CEO at Planck, shares a crucial insight:  Adding transparency to your underwriting process ensures responsible risk assessments and reliable underwriting and provides relevant data tailored to your carriers' needs for better decision-making. Planck’s GenAI-enhanced underwriting workbench aggregates and mines massive datasets, using AI to generate key insights customized for the underwriting process. This results in a seamless underwriting process with greater visibility into risk factors, improving new business conversion and retention rates. Listen to the full episode here: 🎧✨ https://lnkd.in/edpC527R #Insurnace #InsurTech #AI #Data #Underwriting 

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  • View organization page for Planck, graphic

    5,256 followers

    Have you ever wondered why you’re not getting the most accurate risk assessments? 🤔 Did you know that despite the insurance industry's ongoing evolution, a significant portion of premiums still need to be processed without leveraging advanced technologies? By integrating AI, underwriters can move away from manual data validation and concentrate on precise risk assessments. 🔍 🌟 This shift enhances accuracy, profitability, and operational efficiency. 🌟 David Schapiro's latest article, "The Uncharted Waters of Insurance and Technology," explores how AI-driven insights give insurers a unique value proposition, improving loss predictions and pricing precision. These advancements drive impactful innovation and harmonize rapid technological progress with the insurance industry's need for long-term stability. 💡 Read more here: https://lnkd.in/gP8fkPS6 #Insurance #InsurTech #Innovation #AI #RiskAssessment #Data

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  • View organization page for Planck, graphic

    5,256 followers

    Commercial Underwriting Doesn't Need More Data... It Needs Answers. Are you drowning in data but still searching for clarity? Planck PLUS transforms raw information into actionable insights, giving you the answers you need. 👉 AI-Powered Risk Workbench: Quickly assess risks with deep insights generated by advanced algorithms. 👉 Precise Data Delivery: Receive clear, relevant information to set accurate policies and prices. 👉 Seamless Integration: Easily fits into your existing systems, adapting to your pace and progress. 👉 Enterprise Solutions: Leverage AI across your organization to enhance efficiency and gain a competitive edge. ✨ Planck PLUS isn’t just about more data; it’s about smarter underwriting. ✨ Discover the power of precise answers and make informed decisions that drive success. Learn more about transforming your underwriting process at Planck: https://lnkd.in/ghYjN-CB

  • View organization page for Planck, graphic

    5,256 followers

    Three things to take into account before you start transforming your underwriting process: 1️⃣ Precision is key: Integrating AI with insurance requires accurate insights. Planck's AI-based data platform ensures this precision, crucial for reliable underwriting. 2️⃣ Tailor your data: Meet the specific needs of your carriers. Elad emphasizes the importance of providing relevant information that directly impacts decision-making. 3️⃣ Challenge the status quo: Don't settle for traditional methods. Planck's commitment to innovation is driving change in the insurance industry. As Elad Tsur shared on the Bank On It Podcast:  "Planck's values are: 📌 Be accurate  📌 Be relevant  📌 Be a challenger  That’s why we are changing the game.” Discover more about bridging the gap between AI and insurance and how Planck is leading the charge. Listen to the full episode now! 🎧✨ https://lnkd.in/edpC527R #Insurance #AI #Data #Underwriting #Innovation #InsurTech #Leadership

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  • View organization page for Planck, graphic

    5,256 followers

    Trying to improve your commercial insurance underwriting while staying efficient?⚡️ Here are 6 benefits of using Planck PLUS: 📍Get Real-Time Answers: Planck’s platform provides actionable underwriting answers instantly, enhancing your insurance strategies. 📍Quick Risk Assessments: The Risk Workbench maps a business’s digital footprint in seconds, delivering powerful insights. 📍Automate Underwriting: AI-powered processes match and standardize the expertise of seasoned underwriters, automating all phases. 📍Gather Data Instantly: Collect all available data about a business in real-time from thousands of sources. 📍Uncover Hidden Risks: Advanced AI interprets millions of data points, providing insights and detecting hidden risk elements. 📍Make Informed Decisions: Deep-learning algorithms reveal the complete truth about a business, offering consistent and actionable appraisals. Transform your underwriting process today and discover the power of Planck PLUS! There's nothing as powerful as AI-driven insights. Welcome, efficiency. Goodbye, uncertainty. 🚀 #Insurance #InsurTech #Underwriting #Innovation #GenAI #PlanckPLUS

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  • View organization page for Planck, graphic

    5,256 followers

    Use AI to improve your underwriting. But how do you handle the complexity and stay efficient? Simple, with Planck PLUS ✨ What is Planck PLUS and How Does It Work? Planck PLUS is your AI-powered assistant for commercial insurance underwriting. Here’s how it works: 1️⃣ PLUS Risk Workbench: AI analyzes data to help underwriters assess risks quickly and accurately. It provides deep insights for better decision-making. 2️⃣ PLUS Data: Delivers high-quality, actionable data. Underwriters get clear, relevant information to set precise insurance policies and prices. 3️⃣ Flexible Integration: Planck PLUS fits seamlessly into your existing processes. It adapts to your company's stage in the AI journey and progresses at your pace. 4️⃣ Planck Enterprise: Tailored solutions for large organizations. Uses AI across underwriting, marketing, and more to boost efficiency and competitive edge. Planck PLUS streamlines underwriting, delivers accurate insights and integrates smoothly with your systems. For more details, visit https://www.planckdata.com 🌐 #Insurance #InsurTech #Underwriting #Innovation #GenAI #PlanckPLUS

  • View organization page for Planck, graphic

    5,256 followers

    🎆Always start with the easy answer: GenAI's potential is immense. 🎆 Again, the value that can be achieved in insurance for everyone - insurance companies, underwriters, businesses in commercial insurance, and consumers - is immense. The unique opportunity with Gen AI is that we can now embrace a way to learn and improve our underwriting. 💬This involves a communicative effort between the underwriter and the mathematics. To embrace generative AI, collaborate and learn. It has to work. Delve into David Schapiro’s must-read article for more information: https://lnkd.in/e99-ez2v #GenerativeAI #Insurance #Innovation #InsurTech #Underwriting

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