Kalepa
Kalepa provides AI-powered underwriting software named Copilot, designed to enhance decision-making for commercial and specialty insurance underwriters.
Services
Kalepa offers AI-powered underwriting software named Copilot which is designed to enhance decision-making for commercial and specialty insurance underwriters. This software includes features such as automated submission flows, extraction of critical information from documents, and prioritization of risks most likely to bind. Additionally, Copilot provides a seamless setup and integration with existing systems, requiring no maintenance from the user's IT team.
Products
Kalepa's primary product, Copilot, employs artificial intelligence to assist underwriters in assessing risks more effectively. Copilot surfaces relevant information from submissions and third-party sources, reducing the time to quote complex risks by 58% and improving combined ratios by 9.4%. The software also includes a management dashboard that allows underwriting leaders to gain insights into book performance and risk assessment.
Investors
Kalepa is backed by notable investors such as Inspired Capital and IA Ventures. These investments have helped Kalepa to enhance its AI-powered underwriting software and expand its operations. The support from these investors signifies confidence in Kalepa's potential to impact the insurance industry.
Recognition
In 2023, Kalepa was named to the InsurTech100 list. This recognition highlights Kalepa's significant impact on the insurance industry through its innovative AI-powered underwriting software. The InsurTech100 list includes companies that are transforming the global insurance market with technological advancements.
Headquarters and Team
Kalepa is headquartered in New York City and operates as a remote-friendly team. This allows them to attract talent from various locations and maintain flexibility in their operations. The headquarters in one of the major financial hubs reflects their strategic positioning in the industry.