Planck has unveiled a ‘game-changing’ underwriting tool that incorporates advanced Generative AI (GenAI) functionalities.
The solution, known as Planck PLUS, stands as both a strategic companion and a powerful toolkit, harnessing cutting-edge AI technologies and proprietary machine learning models.
The move marks a significant milestone in the evolution of underwriting processes, as Planck looks to establish a new novel benchmark in the sector.
Noa Kalechstain, VP Product Strategy at Planck said, “It’s like having a veteran underwriter sitting next to you. 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.”
The service gives users the ability to generate comprehensive queries based on basic input from underwriters. Planck PLUS operates within a closed data ecosystem, addressing common concerns surrounding data privacy while also significantly reducing errors that often plague other generative platforms.
Planck co-founder and CEO Elad Tsur explained: “Planck PLUS is reshaping how underwriters access, analyse, and interpret risk data. GenAI has shown its ability to revolutionize 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 helps underwriters navigate vast amounts of data, uncover opportunities, and enable automations to increase written premiums and improve underwriting profitability.”
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