Planck launches game-changing AI-powered underwriting tool

Planck PLUS is a strategic companion and powerful toolkit that harnesses cutting-edge AI technologies and proprietary machine-learning models to help underwriters navigate vast amounts of data, uncover opportunities, and enable automation.

“Planck PLUS is reshaping how underwriters access, analyse and interpret risk data,” said Planck co-founder and CEO Elad Tsur. “GenAI has shown its ability to revolutionise every industry it touches. With Planck PLUS, this transformative power is harnessed in a single, comprehensive, easy-to-use workbench built specifically for commercial insurance.”

Planck PLUS allows users to generate comprehensive queries based on basic input from underwriters. It operates within a closed data ecosystem, addressing common concerns surrounding data privacy while significantly reducing errors.

“It’s like having a veteran underwriter sitting next to you,” said Noa Kalechstain, VP of product strategy at Planck. “The platform is extremely intuitive, the recommendations are insightful, and PLUS Chat even allows you to follow up any risk detail with additional questions. This is an industry game-changer.”

Planck PLUS is a significant milestone in the evolution of underwriting processes. It establishes a new benchmark in the sector and is poised to transform how underwriters work and is a valuable asset for underwriters of all experience levels and can help them improve their performance in several ways.