Kalepa

Kalepa

AI decision support platform for underwriters

About

Kalepa operates in the commercial insurance market by providing a platform called Copilot that assists underwriters in making better decisions. This platform combines artificial intelligence with human insights to accurately assess the risks and exposures of businesses, which leads to more precise underwriting and pricing of insurance products. By using Copilot, insurance carriers can lower expected losses and enhance their operational efficiency. Kalepa primarily serves specialty carriers and other commercial insurance providers, enabling them to handle new and renewal business more effectively. The company follows a software-as-a-service (SaaS) model, charging clients subscription fees for access to its platform. Kalepa has shown significant results, such as reducing the time it takes to generate quotes by 40% and increasing the rate of successful policy bindings shortly after implementation.

Company Stage

Series A

Employees

11-50

Industries

Enterprise Software, AI & Machine Learning, Financial Services

Total Funding

$13.6M

Headquarters

New York City, New York

Founded

2018


Simplify Jobs

Simplify's Take

What believers are saying

  • Kalepa's partnership with Merchants Insurance Group highlights its growing industry influence.
  • The rise of AI in claims processing offers expansion opportunities beyond underwriting.
  • Increasing demand for personalized insurance aligns with Kalepa's tailored risk assessment approach.

What critics are saying

  • Increased competition from AI-driven platforms could erode Kalepa's market share.
  • Regulatory scrutiny may arise from reliance on AI for underwriting decisions.
  • Rapid growth and new market expansion may lead to operational challenges.

What makes Kalepa unique

  • Kalepa's Copilot platform combines AI and human intelligence for precise risk assessment.
  • The company offers a unique SaaS model for commercial insurance underwriting efficiency.
  • Kalepa's new MGA focuses on small and midmarket policyholders with exclusive broker partnerships.

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Growth & Insights
Headcount

6 month growth

25%

1 year growth

37%

2 year growth

207%

Benefits

Competitive salary

Significant equity options package

100% covered medical, 100% covered vision and dental

20 days of PTO a year.

Global team offsites

Healthy living/gym stipend.

Mobile phone bill stipend

Continuing education credits

Home office stipend

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