Full-Time
Confirmed live in the last 24 hours
AI decision support platform for underwriters
$185k - $220kAnnually
Senior
New York, NY, USA
Hybrid position requiring some in-office days.
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Kalepa operates in the commercial insurance market with a focus on enhancing the underwriting process. Its main product, Copilot, is a platform that combines artificial intelligence and human insights to assess the risks and exposures associated with businesses. This allows underwriters to make more informed decisions regarding insurance pricing and coverage. Kalepa differentiates itself from competitors by significantly improving the efficiency of the underwriting process, evidenced by a 40% reduction in the time it takes to generate quotes and an increase in bind rates from 30% to 34.5% shortly after implementation. The company's goal is to help specialty insurance carriers and other commercial providers write new and renewal business more effectively, ultimately leading to better loss prevention and operational efficiency.
Company Size
11-50
Company Stage
Series A
Total Funding
$13.6M
Headquarters
New York City, New York
Founded
2018
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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
Merchants Insurance Group, a leading mutual insurance company based in Buffalo, NY, has chosen Kalepa‘s Copilot underwriting platform to elevate its commercial underwriting capabilities. This strategic partnership underscores Kalepa’s continued rapid growth and Merchants’ long-standing commitment to underwriting excellence.Charles Makey, President and CEO of Merchants Insurance Group, expressed enthusiasm about the collaboration, stating, “As we embark on our next century of serving policyholders, it’s imperative that we invest in cutting-edge solutions like Copilot to navigate evolving risks and market dynamics effectively. Copilot’s underwriting capabilities align with our commitment to providing tailored coverage and exceptional service to our agents, our policyholders, and our communities.”Joe Meyer, Senior Vice President of Underwriting, Product Management, and Corporate Programs at Merchants Insurance Group, highlighted ways that Copilot drives value from day one, saying, “Thanks to Copilot, we can streamline our underwriting processes immediately, and our underwriters can make even better risk decisions with greater confidence. With Copilot managing our triage process, our underwriters know exactly which submissions to prioritize and can focus their time on the risks most likely to bind profitably.”“We had heard fantastic feedback about Copilot from one of our program partners, so we knew we had to explore adopting it ourselves,” said Paul Musialowski, Director of Corporate Programs at Merchants Insurance Group. “Copilot doesn’t just scratch the surface; it dives deep into every risk, uncovering exposures and providing recommendations with full transparency and clear evidence. With Copilot, we have confidence that we’re equipped with the information we need to make informed decisions and underwrite with precision.”“We are excited to partner with Merchants Insurance Group to power their ambitions for many years to come,” said Paul Monasterio, CEO of Kalepa, “Mutual insurance companies like Merchants play a vital role in our industry, and we are proud that Copilot is the underwriting platform of choice for mutual insurers everywhere
Kalepa, a NY-based insurance startup providing an AI-powered decision support platform for commercial insurance underwriters, has formed a new MGA. Kalepa Insurance Services, which is led by Connie Germano, will focus on small and midmarket policyholders, with policies distributed through wholesale broker partnerships. The MGA will underwrite excess casualty risks using Everspan paper, a susbsidiary of Ambac Financial Group
Kalepa Corporation is pleased to announce the launch of Kalepa Insurance Services (KIS), an insurance offering with capacity through a program partnership with specialty insurer Everspan Group, Rated “A-” by AM Best. With the program, KIS combines the power and speed of Kalepa's proprietary AI-powered Copilot software with deep underwriting expertise to offer insurance solutions in a marketplace in need of capacity. The excess casualty program at KIS, which is writing business effective immediately, focuses on small and mid-market insureds, with policies distributed through exclusive wholesale broker partnerships. A variety of industries are in appetite