Yes. By testing new variables that are external to the data collected by carriers, our clients’ actuarial and data science teams have uncovered new correlations that yield better loss and pricing models.
Planck’s expert teams can work with underwriters, actuaries, data scientists and business users to determine new risk insights that can be used to improve pricing, make better underwriting decisions and manage portfolio exposure.
Planck creates insights for businesses in real-time. In other words, Planck doesn’t retain answers for a closed set of questions for a given list of businesses. Hence, Planck’s platform is configurable, and once the system is configured to answer new questions, it can do so instantly.