# Planck **Source:** https://geo.sig.ai/brands/planck **Vertical:** Insurance Tech **Subcategory:** AI/Data Intelligence **Tier:** Emerging **Website:** planck.io **Last Updated:** 2026-04-14 ## Summary New York AI commercial underwriting intelligence auto-researching business risk for insurance carriers; $53M from State Farm/Nationwide Ventures competing with Verisk for commercial lines underwriting data and risk scoring. ## Company Overview 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. 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. 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. ## Frequently Asked Questions ### What is Planck? Planck is an insurance technology company that uses AI and data analytics to provide automated commercial underwriting insights, risk assessment, and business intelligence for insurance carriers and brokers. ### What does Planck do? Planck operates in the Insurance Tech industry with a focus on AI/Data Intelligence. The company serves commercial insurance underwriters seeking faster, more accurate risk evaluation without manual research and data entry. ### What products and services does Planck offer? Planck offers AI/Data Intelligence products and services for the Insurance Tech market. The company delivers solutions tailored to customer requirements, combining quality and innovation to meet industry demands. ### What are the key features of Planck? Planck is known for its expertise in AI/Data Intelligence within the Insurance Tech industry. The company differentiates itself through specialized capabilities, customer-focused solutions, and commitment to quality and innovation in its offerings. ### How much does Planck cost? Planck offers pricing tailored to different customer needs in the Insurance Tech market. Specific pricing depends on the scope of services, customer requirements, and deployment model. Interested customers should contact Planck directly or visit planck.io for detailed pricing information and quote requests. ### What customer support does Planck provide? Planck provides customer support to help clients maximize value from their AI/Data Intelligence solutions. Support options typically include documentation, technical assistance, and customer success resources. Customers can access support through the company website at planck.io or through dedicated support channels. ### How does Planck work? Planck operates as a AI/Data Intelligence solution in the Insurance Tech space. The platform integrates with existing systems and workflows, providing users with tools and capabilities to achieve their objectives. Implementation typically involves onboarding, configuration, and ongoing optimization. ### Who uses Planck? Planck serves businesses and organizations in the Insurance Tech sector. The company serves commercial insurance underwriters seeking faster, more accurate risk evaluation without manual research and data entry. Customers range from individuals to large organizations depending on their specific needs. ### What are common use cases for Planck? Common use cases for Planck include organizations seeking to enhance their AI/Data Intelligence capabilities, improve efficiency in Insurance Tech operations, and achieve better outcomes. The platform supports various scenarios from day-to-day operations to strategic initiatives. ### How does Planck compare to competitors? Planck differentiates itself in the Insurance Tech market through its specialized focus on AI/Data Intelligence. Planck differentiates itself through real-time data collection from digital sources, AI-powered risk scoring, instant certificate of insurance verification, and integration with policy administration systems. Organizations should evaluate Planck based on their specific requirements and compare features, pricing, and support across alternatives. ### What is Planck's mission and values? Planck is focused on delivering value in the Insurance Tech industry through its AI/Data Intelligence expertise. The company is committed to customer success, innovation, and maintaining high standards of quality and service in everything it does. ### How do I get started with Planck? To get started with Planck, visit their website at planck.io to learn more about their AI/Data Intelligence offerings. You can typically request a demo, contact sales, or sign up for services directly through the website. The company's team can guide you through onboarding and implementation to ensure a successful start. ## Tags b2b, saas, insurance, ai-powered, fintech --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*