Company Overview
About Planck
Planck is a New York-based insurance technology company providing AI-powered commercial underwriting intelligence — automatically researching businesses, collecting public data signals, assessing risk factors, and generating underwriting summaries for commercial insurance carriers and brokers in seconds rather than the hours of manual research that commercial underwriting traditionally requires. Founded by Elad Tsur and Amir Cohen and backed with $53 million raised from Team8, State Farm Ventures, Nationwide Ventures, and others, Planck serves 30+ commercial insurance carriers including Chubb, Markel, and W.R. Berkley for commercial lines underwriting acceleration.
Business Model & Competitive Advantage
Planck's AI data engine aggregates hundreds of real-time public data sources — business websites, social media, professional databases, industry registries, permit records, court filings, satellite imagery — to automatically profile commercial insurance applicants for risk factors that underwriters would previously research manually across separate systems. The underwriting intelligence output answers the questions underwriters actually care about: Does this restaurant have outdoor seating that increases slip-and-fall liability? Does this contractor have prior OSHA violations? Does this fleet company have prior DOT safety ratings? — delivered at point-of-quote rather than requiring underwriters to research before binding. The real-time certificate of insurance verification confirms coverage details in seconds for agents who need third-party verification.
Competitive Landscape 2025–2026
In 2025, Planck competes in the commercial underwriting intelligence market with Cape Analytics (property risk intelligence, $85M raised), Verisk (NASDAQ: VRSK, insurance data analytics), and Zywave (commercial lines data tools) for insurance carrier commercial underwriting technology. Commercial insurance carriers face profitability pressure from loss ratio deterioration in 2022-2024 — improving underwriting accuracy through better risk selection reduces adverse selection and improves combined ratios. Team8's Israeli deep-tech VC backing and insurance carrier strategic investor backing (State Farm, Nationwide) reflects carrier demand for the underwriting intelligence technology. The 2025 strategy focuses on expanding the data signal library for specialty lines (technology E&O, management liability, cyber), growing the mid-market carrier segment, and building real-time monitoring that alerts carriers when in-force account risk profiles change materially.
Open Positions
Reddit Discussions
Key Differentiators
Emerging Innovator
Planck is an emerging player bringing innovative solutions to the Insurance Tech market.
Frequently Asked Questions
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