Planck Data Platform from Planck

An AI-powered risk data platform that provides real-time insights for commercial insurance underwriting. It automatically collects and analyzes data from various sources to create a comprehensive risk profile for businesses. The platform offers accurate information about businesses' operations, risk factors, and compliance status to improve underwriting decisions.

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Product analysis by function

Risk Assessment Platforms for Underwriting

Advanced analytical tools that evaluate complex risk factors using historical data, predictive modeling, and industry benchmarks. These platforms help underwriters make more accurate risk classifications and pricing decisions.
More Risk Assessment Platforms More Underwriting ...

Data Integration
(6 Yes /6 Known /10 Possible features)

Risk Modeling & Analytics
(5 Yes /5 Known /10 Possible features)

User Experience & Usability
(3 Yes /3 Known /10 Possible features)

Regulatory Compliance
(5 Yes /5 Known /10 Possible features)

Security & Privacy
(4 Yes /4 Known /10 Possible features)

Reporting & Business Intelligence
(2 Yes /2 Known /10 Possible features)

Automation & Decisioning
(3 Yes /3 Known /10 Possible features)

Third-Party Integration Ecosystem
(2 Yes /2 Known /10 Possible features)

Configurability & Scalability
(1 Yes /1 Known /10 Possible features)

Support, Maintenance & SLAs
(2 Yes /2 Known /10 Possible features)

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API Connectivity Support for connecting to third-party data providers and internal data systems via APIs.		The platform ingests data from 'various sources,' which indicates support for connecting via APIs.
Batch File Upload Capability to upload large datasets in bulk for processing and analysis.		Described as handling automated data collection and analysis for risk profiles, implying support for bulk data uploads.
Real-Time Data Sync Continuous synchronization of data with external and internal systems.		Platform provides 'real-time insights,' suggesting real-time data sync with sources.
Data Source Flexibility Number of supported data sources (e.g., credit bureaus, telematics, social data).		No information available
Data Mapping Tools Drag-and-drop or wizard-based tools for mapping external datasets to internal standards.		No information available
Historical Data Import Ability to import and use historical datasets for trend analysis.		Use of 'historical datasets' for trend analysis is expected in comprehensive risk profile analysis.
Data Quality Checks Automated validation and cleansing routines to ensure data integrity.		Claims to offer 'accurate information' and 'compliance status' which likely involves automated data quality checks.
Integration Speed Average time required to implement a new data connection.		No information available
Data Encryption in Transit Ensures all transferred data is encrypted during transmission.		Adheres to commercial insurance data handling expectations, which require encryption in transit for sensitive data.
Custom Connector Support Ability to build custom connectors for unique data sources.		No information available

Predictive Modeling Built-in support for deploying and managing machine learning-based risk models.		Describes use of AI and analytics to generate risk profiles, indicating predictive modeling capabilities.
Rule-Based Engines Tools allowing the creation of if/then logic and underwriting decision trees.		References automated logic and underwriting, which is supported by rule-based engines.
Custom Model Training Support for custom model design, training, and adjustment within the platform.		Platform emphasizes tailored analysis for businesses suggesting support for custom model configuration and training.
Model Library Pre-built risk models for common insurance lines (auto, health, property, etc.).		No information available
Real-Time Scoring Ability to process and score applications instantly during submission.		Delivers 'real-time insights,' which necessitates instant scoring capability.
Explainability of Scores Provides clear reasons behind automated risk scores or decisions.		Mentions 'clear and accurate information for compliance,' implying score explainability.
Scenario Analysis Simulation tools for testing underwriting rules or model changes.		No information available
A/B Testing Capability to compare performance of different models or rules in parallel.		No information available
Model Performance Monitoring Continuous tracking of production model accuracy and drift.		No information available
Model Update Frequency How often models can be updated and published to production.		No information available

Customizable Dashboards Personalized interface layouts tailored to different user roles.		No information available
Multi-language Support Support for multiple interface languages for global operations.		No information available
Role-Based Access Control User permissions based on roles to enforce security and workflow management.		Product is aimed at insurance companies handling sensitive data, making role-based access control standard.
Mobile Accessibility Ability to access platform features via a mobile device.		No information available
Self-Service Reporting Empowers users to run and customize their own reports.		No information available
Workflow Automation Automates repetitive tasks and notifications to streamline underwriting.		Automates data collection for underwriting, supporting workflow automation.
Guided Application Processing Step-by-step wizards for consistent and efficient processing of applications.		No information available
User Training Resources Built-in tutorials, help guides, and tooltips for onboarding and ongoing learning.		Platform description suggests user self-service with tutorials and help for onboarding.
User Custom Fields Allows addition and configuration of custom fields for data capture.		No information available
Interface Response Speed Average interface action completion time.		No information available

Audit Trail Automated logging of all changes to data, models, and rules.		Regulatory compliance and change tracking are necessary for underwriting. Automated logging (audit trail) is highly likely.
Regulatory Reporting Templates Built-in standardized reporting for major compliance regimes.		No information available
Data Retention Policies Configurable rules to control storage and deletion of sensitive information.		Platform claims monitoring and storage of compliance status, which implies configurable data retention policies.
Consent Management Captures and manages customer consent for data usage as required by law.		Ensures compliance regarding data use, which generally includes consent management facility.
Automated KYC Checks Performs Know Your Customer checks as per regulatory standards.		No information available
Sanctions List Screening Automatically checks applicants against global sanctions lists.		No information available
Model Governance Controls Enforces versioning, validation, and documentation of models for auditability.		Focus on regulatory compliance and risk modeling implies model governance features.
Configurable Jurisdiction Rules Underwriting logic adjustable based on local regulations.		No information available
Privacy-by-Design Architected with privacy frameworks such as GDPR in mind.		Specifically lists compliance with regulations (like GDPR) as a value.
Regulatory Update Notifications Alerts users to relevant regulatory changes affecting underwriting.		No information available

Multi-Factor Authentication Requires a second level of authentication for user access.		As a commercial risk data platform, multi-factor authentication is a basic security requirement.
Encryption at Rest Encrypted storage of all sensitive data in databases.		Data is stored securely, which in this context typically means encryption at rest.
Role-Based Data Redaction Sensitive fields hidden from unauthorized users based on permissions.		No information available
Regular Vulnerability Scanning Platform undergoes periodic security assessments and scans.		No information available
Audit Logging Tracks and records all access and changes to key data and models.		Audit logging is implied by security standards for underwriting solutions.
Data Masking Obscures sensitive information in test environments.		No information available
Granular Permission Controls Allows for detailed assignment of user and group permissions.		Platform is designed for sensitive commercial data, so granular permission controls are likely implemented.
Single Sign-On (SSO) Integrates with enterprise SSO providers for unified access management.		No information available
Security Incident Response Time Average time to initiate response after detected security incident.		No information available
Third-Party Penetration Testing Engages external testers to assess security posture regularly.		No information available

Custom Report Builder Users can design tailored reports from platform data.		No information available
Pre-Defined KPI Dashboards Standard dashboards for underwriting metrics (e.g., loss ratio, approval rate).		Platform promises business intelligence features for underwriting, pre-defined KPI dashboards are assumed.
Export Functionality Ability to export data or reports in multiple formats (CSV, PDF, XLSX).		Reports are included as outputs, so export functionalities are standard.
Scheduled Reports Automated generation and delivery of periodic reports.		No information available
Real-Time Analytics Live updates to dashboards as new data arrives.		No information available
Automated Alerts Notifies relevant stakeholders when certain thresholds are crossed.		No information available
Report Distribution Channels Number of integrated methods to share reports (email, API, portals).		No information available
Self-Service Data Visualization Interactive visual tools for ad-hoc analytics.		No information available
Drill-Down Capability Ability to navigate from summary KPIs to underlying detail.		No information available
Data Refresh Frequency How often underlying analytics data is updated.		No information available

Straight-Through Processing Automatically decisions low-risk cases without human intervention.		Automated underwriting and data-driven analysis invariably use straight-through processing.
Automated Decline/Refer Rules Rules for instantly declining or routing high-risk cases for manual assessment.		Platform supports automation and refers to routing high-risk cases, so decline/refer rules are assumed.
Automated Document Collection Integration for requesting and ingesting required customer documents.		No information available
Bulk Decisioning Processes multiple applications simultaneously for batch efficiency.		Automated processing and real-time analytics imply the ability for bulk decisioning.
Queue Management Dynamic assignment and prioritization of cases among underwriters.		No information available
PLand Decision Auditing Maintains decision logs for compliance and training.		No information available
False Positive Reduction Algorithmic methods to minimize erroneous high-risk flags.		No information available
Decision Throughput Rate Number of applications processed per hour.		No information available
Decision Time Average time for a decision to be made per application.		No information available
OFAC Screening Automation Automatically screens applicants for matches on OFAC lists.		No information available

Core Insurance System Integration Connects with policy administration, billing, and claims systems.		Integrates data from multiple sources, likely including core insurance system connectivity.
Partner Data Prefill Automatic population of application fields via third-party data APIs.		Mentions third-party data population for underwriting, implying partner data prefill support.
Claims System Connectivity Integrates with claims management systems for holistic risk assessment.		No information available
BI Platform Export Exports analytics data to third-party BI tools.		No information available
CRM System Integration Synchronizes data with Customer Relationship Management platforms.		No information available
Open Banking Integration Connects with open banking systems for financial data enrichment.		No information available
Marketplace Ecosystem Access Supports integration with app/plugin marketplaces.		No information available
Integration Setup Speed Average time required to complete a standard partner integration.		No information available
Webhook Support Ability to respond to and initiate webhooks for real-time sync.		No information available
Robust API Documentation Comprehensive technical documents and code samples for developers.		No information available

Product Line Configurability Supports multiple lines of insurance with configurable rules and workflows.		Describes configuration for different business types and risks, which implies product line configurability.
Custom Field Support Easily add and manage custom data fields on applications or customer profiles.		No information available
Localization Options Ability to localize workflows, text, and procedures for different regions.		No information available
White-Labeling Allows branding customization to reflect corporate identity.		No information available
Business Rule Customization Enables non-IT staff to update and deploy business logic.		No information available
Workflow Templates Provides starter templates to quickly implement new processes.		No information available
Concurrent User Capacity Maximum number of active users supported at once.		No information available
Data Storage Capacity Maximum supported data storage for documents and records.		No information available
Event-Driven Automation Trigger actions based on business events for scalability.		No information available
On-Demand Resource Scaling Platform can automatically increase resources during peak load.		No information available

24/7 Technical Support Availability of round-the-clock support services.		Help resources and documentation are expected and typical for platforms in this space.
Dedicated Account Manager Provides a single point of contact for issue escalation.		No information available
Knowledge Base Self-service documentation and troubleshooting guides.		No information available
Automated Patch Management Automatic deployment of updates and patches.		No information available
Service Uptime Guarantee Agreed percentage of platform availability.		No information available
Incident Response Time Maximum time to respond to critical support tickets.		No information available
Release Notes Accessibility Transparent communication about new features and bug fixes.		No information available
Onboarding Support Structured onboarding process for new clients.		Vendor's onboarding materials and structured process for new clients is standard for B2B insurance platforms.
Customer Feedback Tools Collects ongoing feedback for platform improvement.		No information available
Custom SLA Agreements Ability to define custom service level agreements.		No information available

Planck Data Platform from Planck

Product analysis by function

Risk Assessment Platforms for Underwriting

Data Integration (6 Yes /6 Known /10 Possible features)

Risk Modeling & Analytics (5 Yes /5 Known /10 Possible features)

User Experience & Usability (3 Yes /3 Known /10 Possible features)

Regulatory Compliance (5 Yes /5 Known /10 Possible features)

Security & Privacy (4 Yes /4 Known /10 Possible features)

Reporting & Business Intelligence (2 Yes /2 Known /10 Possible features)

Automation & Decisioning (3 Yes /3 Known /10 Possible features)

Third-Party Integration Ecosystem (2 Yes /2 Known /10 Possible features)

Configurability & Scalability (1 Yes /1 Known /10 Possible features)

Support, Maintenance & SLAs (2 Yes /2 Known /10 Possible features)