digital evolution of commercial insurance
Planck deploys world-class artificial intelligence capabilities at each phase of the small business commercial insurance underwriting process.
Planck provides answers to the most specific underwriting questions. With only minimal submission inputs, our Cognitive Business Analytics Platform gathers all relevant data and generates accurate underwriting insights that can’t be found anywhere else.
Here's how Planck creates a complete picture of business risk
and answers your most important underwriting questions
Mapping a digital footprint
Planck’s proprietary search engine—built specifically for commercial insurance research—scans thousands of resources to find all relevant pieces of information about the requested business entity. This search includes industry specific sources, photos, videos, social networks, review sites, business websites and profiles, public records, governmental databases, and more.
To ensure the highest levels of accuracy, our exclusive entity matching algorithms verify the exact relationship between the business entity and the returned data, rejecting any possible inaccuracies or misleading information.
Analyzing the details
Artificial intelligence reviews and processes the raw data to extract intermediate insights, determine classifications, and create knowledge. This sequence of natural language processing, unstructured data analysis, and other audits engages an incredible wealth of additional real-time input.
Creating the truth
All of these knowledge points taken together create context that can be used to develop true underwriting wisdom, such as accurately determining the percentage of total revenue from liquor sales.
Our deep learning algorithms are continuously being trained on “gold data,” or the verified information about a business, to ensure the highest accuracy in the market. Additionally, the AI is constantly learning from the best practices of your most effective underwriters to support your organizational growth strategies.
Industry thought leadership
The truth is out there
Get a full proof of concept on your own data.