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What is Shift Underwriting Risk?

Shift Technology’s Underwriting Risk Detection is an AI-powered SaaS solution that aids insurance firms in enhancing their underwriting procedures by detecting fraud, misrepresentation, premium loss, and risks associated with networks throughout the policy application process. Utilizing sophisticated predictive modeling and anomaly detection methods, it meticulously analyzes quotes and applications, monitors changes post-binding and during renewals, and uncovers threats such as identity theft, collusion among agents, ghost broking, hijacking of policies, and alteration of documents or images. The platform effortlessly connects with various external data sources, provides instantaneous alerts, and presents underwriters with clear outputs that include insights for contextual decision-making. Moreover, it supports ongoing learning, enabling the system to adapt as new risk patterns emerge. Its architecture is designed to accelerate the underwriting process, improve pricing accuracy, protect policyholders, reduce losses, and empower organizations to grow their portfolios with enhanced assurance by identifying risky behaviors early on. Overall, this cutting-edge solution marks a pivotal evolution in how the insurance sector manages risk, ushering in a new era of efficiency and security. Furthermore, its ability to adapt to changing market dynamics ensures that insurers remain competitive in an ever-evolving landscape.

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.

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

Shift Technology

Date Founded

2013

Company Location

France

Company Website

www.shift-technology.com/products/underwriting-risk

Company Facts

Organization Name

Planck

Date Founded

2016

Company Location

United States

Company Website

planckdata.com

Categories and Features

Insurance Underwriting and Rating

Broker / Agent Portal
Carrier Upload
Commercial Lines
Comparative Insurance Rating
Customer Portal
For Casualty Insurance
For Health / Medical Insurance
For Life Insurance
For Personal Insurance
Multi-State
Multiple Line Rating

Categories and Features

Insurance Agency

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

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