Planck develops an AI-powered data platform for commercial insurance underwriting. Founded in 2016 by serial entrepreneurs with backgrounds in insurance and technology, the company transforms unstructured data into real-time, actionable insights to support faster underwriting decisions across workers' compensation, general liability, employment practices liability, commercial property, and professional liability lines.
The Cognitive Business Analytics Platform processes information on over 50 business segments, including hospitality, restaurants, construction, retail, staffing, and manufacturing. The system extracts and structures unstructured data to give underwriters enhanced research capabilities and a more complete picture of business risk than conventional data sources.
In 2024, Planck was acquired by Applied Systems Inc., becoming the AI hub for the software company's global product portfolio. This integration extends the platform's reach across Applied Systems' customer base of insurance carriers and brokers worldwide.
