
Planck is the leading commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Planck's GenAI-enhanced underwriting workbench aggregates and mines massive datasets, using the latest advances in artificial intelligence to automatically generate and deliver key insights customized to the commercial underwriting process. The end result is a frictionless underwriting process with greater insurer visibility into risk factors, leading to improved new business conversion and retention rates and lower loss ratios. Planck’s platform brings automation and intelligence to the underwriting process – empowering commercial insurers to focus on underwriting that truly requires human expertise. And the integrated generative AI allows underwriters to ask questions to dig even deeper into risk insights.

Planck is the leading commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Planck's GenAI-enhanced underwriting workbench aggregates and mines massive datasets, using the latest advances in artificial intelligence to automatically generate and deliver key insights customized to the commercial underwriting process. The end result is a frictionless underwriting process with greater insurer visibility into risk factors, leading to improved new business conversion and retention rates and lower loss ratios. Planck’s platform brings automation and intelligence to the underwriting process – empowering commercial insurers to focus on underwriting that truly requires human expertise. And the integrated generative AI allows underwriters to ask questions to dig even deeper into risk insights.
What they do: AI-enhanced commercial insurance data platform for underwriting
Founded / HQ: 2016; New York and Tel Aviv
Recent status: Acquired by Applied Systems (July 2024)
Team size (approx.): ~110 employees
Commercial insurance underwriting; providing data, classifications and risk evidence to insurers.
2016
Insurance / Insurtech
$12M
Participation from Viola FinTech and Eight Roads
$16M
Participation from Viola FinTech, Arbor Ventures, Eight Roads, Nationwide and Hannover Digital Investments
$20M
Included 3L Capital and Greenfield Partners with returning investors
“Backed by strategic insurance and venture investors including Nationwide, IAG Firemark Ventures, Arbor Ventures, Viola FinTech, Eight Roads, Team8 Capital, 3L Capital and Greenfield Partners”