Applied Systems acquires Israeli AI insurtech company Planck for $200-$500m to accelerate AI adoption in insurance.

Applied Systems, a US software firm, has acquired Israeli AI insurtech company Planck for an estimated $200-$500m. Planck's AI-based platform gathers business data for global commercial insurance companies, providing insights for risk assessment, underwriting, and premium optimisation. With Applied's acquisition, the firm aims to accelerate AI adoption in the insurance industry.

July 23, 2024
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