Kalepa

Kalepa operates in the commercial insurance market, providing an AI-powered decision support platform specifically designed for underwriters. The platform, known as Copilot, leverages both artificial and human intelligence to identify the true hazards and exposures of businesses, enabling more accurate underwriting and pricing of insurance products. This approach helps insurance carriers reduce anticipated losses and improve operational efficiency. Kalepa serves specialty carriers and other commercial insurance providers, helping them to write new and renewal business more effectively. The business model is based on a software-as-a-service (SaaS) model, where clients pay for access to the platform and its features. Kalepa makes money through subscription fees and potentially performance-based pricing models. The company has demonstrated significant impact, such as reducing the time to quote by 40% and increasing bind rates from 30% to 34.5% within the first two months of using Copilot.

Keywords: AI-powered, decision support, commercial insurance, underwriters, Copilot, risk assessment, SaaS, specialty carriers, underwriting efficiency, loss prevention.