Eligibility and Exposure Monitoring
Understand how your portfolio compares to the market and how it can be optimized.
Reduce Loss Ratios
Increase GWP
Improve Pricing Adequacy
How does Planck’s eligibility and exposure monitoring work?
Planck’s Cognitive Business Analytic Platform provides automated monitoring for businesses that have already been submitted to the platform for any of its use cases, running for the entire book on a predefined schedule. Alternatively, the book can be sent as a single file (batch), which doesn’t require any integration, and insights will be returned to the carrier.
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What will change with Planck?
Carriers can automatically monitor all existing customers and policies and react quickly to changes in exposure. Planck’s Cognitive Business Analytics Platform generates a high-level risk analysis as well as alerts that monitor changes in exposure.
- 1-5%
- 1-3%
- 10–20% Improvement
Frequently asked questions
Can Planck work with my underwriting guidelines/eligibility criteria?
Yes, Planck’s Cognitive Business Analytics Platform can process your underwriting guidelines and eligibility criteria, analyze the risk profile of your book of businesses, and compare it to the overall market to identify areas of under/over exposure and opportunities for pricing updates.
How frequently can Planck monitor the risk exposure of my in-force portfolio?
Can Planck configure insights to meet my specific needs?
Planck offers hundreds of off-the-shelf data insights, which can be configured to match your business’s specific needs. The Cognitive Business Analytics Platform also has high configurability capabilities, so additional and specific insights for your unique business needs can be added.