Efficient Frontier Insurance.
The way business insurance should work.
Kalepa combines artificial and human intelligence to rapidly identify the true hazards of each business and power insurance products that are underwritten at the Efficient Frontier: where pricing and coverage match the true exposures and needs of each business. It’s a win-win for carriers and businesses. It’s the way insurance should always work.
What is Kalepa?
Human-AI Underwriting Platform
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Kalepa in Action
Mid-Market at Major Global Carrier
Mid-market division of P&C carrier bound only 30% of quotes due to conservative or delayed quoting which resulted from a difficulty in ensuring compliance with guidelines amidst a rapidly growing volume of submissions. Copilot enabled client to automatically review every risk exposure, ensure compliance with all guidelines and prioritize accounts most likely to bind.
Reduced time to quote by 40%+ and increased bind rate from 30% to 34.5% in the first 2 months of using Copilot.
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Specialty Carrier
Within the first 5 weeks of usage, Copilot helped underwriters at an E&S carrier identify prostitution-prone hotels, an operator who had 4 restaurants burn down in 5 years, and a nightclub with violent staff.
Overall, these insights helped avert $15M+ in anticipated losses. All new and renewal business now written with Copilot.
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