Artificial Intelligence (AI) data platform Planck has announced the launch of a new product to help insurers identify high-potential prospects and markets that match their risk appetite.
By using utilising Prospect Intelligence platform, Planck argues that carriers will be able to reduce their customer acquisition cost, increase growth & expansion and improve the agent & customer experience.
Planck’s solution mines and collects billions of data points across the web, including public and government records and non-indexed sources, then applies deep-learning algorithms to produce insights.
Insurers can then use these insights to identify prospects that meet their specific risk appetite and eligibility requirements, resulting in a pre-underwritten policyholder at the point of quoting, before it reaches underwriting.
“With Planck’s Prospect Intelligence platform, we enable companies to eliminate unqualified traffic, saving insurers and underwriters valuable time and money,” said Planck Co-Founder and CEO Elad Tsur.
“Our deep learning algorithms, rich data insights and knowledge of the underwriting process are already dramatically improving our clients’ conversion and overall success rates.”
