Reinsurance News

Planck unveils new risk search engine for commercial insurers

11th August 2022 - Author: Jack Willard

Leading AI-powered business intelligence platform, Planck, has launched a new risk search engine built specifically for commercial insurance research.

The new risk search engine solves for the shortcomings of traditional research methods, which are ineffective and time consuming.

The proprietary solution returns real-time results mined from billions of public sources and unindexed government records. Accessible via an on-demand web application or API integration, the complete and up-to-date digital presence of a business is returned in aggregate.

“Underwriters no longer need to spend hours of valuable time reading endless pages of information meant for everyday consumers,” said Noa Kalechstain, Vice President of Product Strategy at Planck.

“Planck is the only platform that provides the focused, relevant web results they need about the businesses they write—with just a single search query.”

AmericanAg - Global Reinsurance Solutions

In addition, results can be sorted by source type, including a map that outlines additional geospatial risk data. Further refinement capabilities are built-in to enable underwriters to filter within the offered results and uncover answers to their specific underwriting questions.

Kalechstain , added: “Our platform is built to understand risk and go beyond basic, firmographic business data. This streamlined access to vital information empowers insurers with a complete picture of a business to make critical underwriting decisions quickly and accurately so they can pivot to the more complicated challenges.”

With the embedded feedback feature, users can easily train the returned insights to inform their individual search engine algorithm models and ensure future results are prioritized based on the insurer’s specific needs. The out-of-the-box risk search engine is available today and can be onboarded quickly for both new and existing customers.

Top insurers across the US, Europe and Japan, such as Chubb, Attune and Sompo are already benefiting from Planck’s offerings.

Print Friendly, PDF & Email

Recent Reinsurance News