Planck's PLUS

Risk Workbench

Planck’s platform delivers more than just static data points to make assessments—it generates actionable underwriting answers to power the commercial insurance strategies of the future.

About Technology

Commercial underwriting doesn't need more data...

it requires answers

Planck’s PLUS Risk Workbench uses proprietary algorithms to map a business’s digital footprint and create powerful underwriting insights in seconds. Confidently bind, assign, or reject submissions based on a complete, real-time risk assessment.

Consistent Underwriting Assessments

Beyond automating submissions or robotic process automation, Planck deploys world-class AI capabilities to automate all phases of underwriting and remove decisioning noise. By layering specific AI functions across the information flow, the AI matches and standardizes the thought process of a team of seasoned underwriters.

An Army of your Best Underwriters

Future-proof your organization. With a complete and business-specific risk assessment based on strategic focus and best-practices, Planck’s AI can automate sections or the entire underwriting process from submission to bind—freeing underwriters to focus on more nuanced tasks and strategic growth.

Data Collection

Gathering in

Real Time

Leveraging Planck’s exclusive open web data-mining capability to pull from thousands of available sources, your underwriters will gather all available data about a business entity and its operations in real time.

Industry-leading entity-matching algorithm

Planck uses advanced machine learning to ensure the risk data results provided are relevant to the business in question. Entity matching, or entity resolution, is a vital verification step for accurately pulling together data from unrelated sources.

The power of crowd wisdom

Data Processing

Building

Knowledge

Using proprietary artificial intelligence capabilities built and trained specifically for commercial insurance (including computer vision, natural language processing, unstructured data analysis, and others), Planck interprets millions of collected data points about a business to assess intermediate insights.

Finding the invisible

Many data points incorporate additional layers hidden below the surface. Images can include metadata that reveal when the image was taken, the device it was taken on, where it was taken and more. Planck’s algorithms can also interpret images and video to detect specific risk-related elements within specific frames.

Highest coverage

Creating Insights

Generating

Wisdom

After all data points are collected and processed, deep-learning algorithms crunch the data to reveal the complete truth about the business. Then, all collected and created insights are returned to the carrier via an API.

Highest accuracy

The deep-learning algorithms are continuously trained on “gold data,” verified information about a business, to create connections and reveal valuable insights that can’t be found in traditional searches.

Uncovering the unknown

Decisions:

Extracting the Truth

Planck's artificial intelligence operates with the proficiency of countless experienced underwriters. It produces actionable knowledge that is infinitely expandable for consistent appraisals throughout the underwriting process. Imagine an army of your finest underwriters operating at full potential, constantly.

Training in best practices