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Kalepa
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Kalepa Company Information
Kalepa offers AI-powered underwriting software called Copilot, which is designed to improve decision-making for commercial and specialty insurance underwriters. Copilot features automated submission flow, extraction of critical information from documents, and prioritization of risks most likely to bind. The software employs AI to surface relevant information from submissions and third-party sources, aiding underwriters in assessing risks more efficiently. Kalepa claims that Copilot can reduce the time to quote complex risks by 58% and improve combined ratios by 9.4%. The company is backed by notable investors including Inspired Capital and IA Ventures. Headquartered in New York City, Kalepa operates as a remote-friendly team. In 2023, Kalepa was named to the InsurTech100 list, recognizing its impact on the insurance industry. Copilot offers seamless setup and integration with existing systems, requiring no maintenance from the user’s IT team. Additionally, it provides a management dashboard for underwriting leaders to gain insights into book performance and risk assessment.
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