Leverage new risk insights for smarter underwriting decision-making and pricing.
Standardize underwriting guidelines and best practices to reduce noise and increase consistency in decisioning.
Planck provides new risk and underwriting insights that can improve actuarial models.
More accurate and complete data is fundamental for better pricing adequacy and lower losses. Planck’s Cognitive Business Analytics Platform dramatically reduces unanswered questions and default answers in submissions.
How it works
When the carrier receives a new submission, Planck creates and returns additional insights and risk factors that were not part of the application form.
When the carrier receives a new submission, the business name, address, and other identifiers are entered into the Cognitive Business Analytics Platform.
Planck’s AI collects, processes, and generates additional risk and underwriting insights that weren't initially queried in the application.
Through the API, Planck sends additional risk factors to the carrier’s underwriting systems and dashboards for accurate rating and pricing.
How it works
Planck provides new data insights to improve the underwriting process and actuarial models.
from New Risk Segments
Loss Ratios decreased by:
Improved Expense Ratios by
SVP of Underwriting
Top US carrier