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What is Planck?

Planck's AI-powered data platform enables users to generate thorough underwriting insights instantaneously by simply entering a business name and its address, achieving over 90% accuracy and extensive coverage. This innovative solution allows for improved loss ratios and a more efficient underwriting process, providing accurate customer and risk insights with minimal effort. Additionally, it enhances your submission-to-bind ratio while automating pre-fill tasks and eliminating unnecessary fields, leading to a more streamlined experience. The platform significantly upgrades the quality and accessibility of data throughout the insurance value chain, leveraging artificial intelligence to boost underwriting efficiency and drive profitability. Regardless of your role—whether you oversee the P&L for a specific business line, manage sales and distribution, concentrate on underwriting, or aim to improve your data, analytics, and digital capabilities—Planck is here to support you. By employing our distinctive open web data-mining technology and leveraging a wide array of sources, we effectively gather comprehensive information about a business and its operations in real time, ensuring that you receive the vital insights necessary for making well-informed decisions. Our assistance empowers you to confidently tackle the challenges of underwriting in today's intricate insurance market while staying ahead of the competition.

What is Pega Underwriting Automation?

Pega’s underwriting application is designed to improve the quality and uniformity of underwriting processes for insurance carriers, while also reducing operational expenses and capitalizing on new market possibilities. By implementing intelligent processes, this application enables carriers to efficiently scale their operations, which in turn increases productivity and encourages enhanced cooperation among underwriters. It facilitates the automation of underwriting activities according to set guidelines and seamlessly integrates various functional areas through robust case management, ensuring both security and accountability throughout the process. For commercial lines carriers, having an adaptable underwriting framework that can quickly respond to market changes is vital for sustained profitable growth and improved operational outcomes. Pega's underwriting solutions are tailored to help carriers meet these objectives while also refining their existing capabilities and updating their technological systems. Moreover, with Pega, carriers are not only able to boost their operational efficiency but also better equip themselves to tackle future challenges within the evolving insurance sector, ultimately leading to a more resilient business model. In a rapidly changing market, staying ahead of the curve is essential for long-term success.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Planck

Date Founded

2016

Company Location

United States

Company Website

planckdata.com

Company Facts

Organization Name

Pegasystems

Date Founded

1983

Company Location

United States

Company Website

www.pega.com/insights/resources/pega-underwriting-insurance

Categories and Features

Insurance Agency

Claims Management
Commission Management
Contact Management
Document Management
Insurance Rating
Life & Health
Policy Management
Property & Casualty
Quote Management

Categories and Features

Commercial Insurance

Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Policy Management
Quote Management
Reinsurance Administration
Risk Assessment
Underwriting Management

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