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Planck

The AI engine Fit Assessment

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Planck develops AI-powered analytics solutions specifically for the insurance industry and effectively evaluates risks associated with policyholders.

Blurb

Planck is an AI platform designed for commercial insurance that offers solutions for submission validation and underwriting recommendations.

HQ Location

New York (United States)

Founded

2016

Employees

51 - 200

Total funding raised

$371.00M

Funding Status

Acquired by Applied Systems, July 2024
Subspaces
  • Risk Assessment
  • Predictive Analytics

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.