Bowhead Specialty Deploys Kalepa’s Copilot

NEW YORK, May 30, 2024 - Insurtech leader Kalepa announced today that Bowhead Specialty, a rapidly growing US specialty insurance underwriting organization, has deployed its Copilot underwriting platform. This strategic collaboration underscores the impact of Copilot as the industry-leading AI platform, and it enables Bowhead Specialty to continue its commitment to excellence and to providing exceptional service to its customers.

Stephen Sills, CEO of Bowhead Specialty, remarked, “Our partnership with Kalepa allows us to stay on the cutting edge. Many companies make big claims in their demos and talk about the potential of AI, but no one has impressed us as much as Kalepa.”

After conducting an exhaustive evaluation of available solutions, Bowhead Specialty found Kalepa's Copilot to be the best. “We considered many underwriting solutions to see if they could materially impact our top or bottom line - we’ve seen nothing out there like Copilot,” said Steve Feltner, COO of Bowhead Specialty. “Not only is Kalepa’s technology miles ahead of other vendors, but when it came to driving real impact on our business, there was no competition.”

Jeff Saunders, Head of Casualty at Bowhead Specialty, highlighted the growth potential unlocked by Copilot, saying, "Using Copilot helps us bind more policies, more profitably - it’s that simple. Our underwriters love Copilot because it helps them focus on submissions with the highest profit potential, analyze every risk to make an informed decision, and ultimately win more business.”

"We are delighted to collaborate with Bowhead Specialty, and we are proud of the many benefits that Copilot has already provided,” said Paul Monasterio, CEO and Co-Founder of Kalepa. “Commercial insurance is a trillion-dollar industry on pace to double within the decade, but it has been left behind technologically for several decades. Copilot’s groundbreaking AI is changing that by delivering tangible improvements to growth, efficiency, and profitability for insurers of all sizes. We are excited about our continued, rapid growth, and look forward to helping more underwriters Bind with Confidence than ever before.”

‍About Kalepa

Founded in 2018 by technology veterans, Kalepa is dedicated to enhancing underwriting performance and driving profitable premium growth for the commercial insurance industry, enabling insurers to Bind with Confidence. Kalepa's AI-powered Copilot underwriting platform enables underwriters to focus their time on the highest ROI opportunities and to quickly evaluate and optimally select risk. Kalepa was named to the 2022 and 2023 InsurTech 100 by FinTech Global and is backed by IA Ventures, Inspired Capital, and leaders in technology and financial services. Learn more at www.kalepa.com.

‍About Bowhead Specialty

Bowhead Specialty is the branding name for Bowhead Specialty Underwriters, Inc. and Bowhead Specialty Insurance Services in CA (License Number 6003149), IL, NV, NY, UT and VA. Bowhead Specialty is a licensed agency nationwide. Our National Producer Number is 19853093. With three underwriting divisions, Professional Liability, Casualty, and Healthcare, Bowhead Specialty has established itself as a major participant in the U.S. specialty insurance market. Led by highly respected underwriting and claims teams, Bowhead Specialty has demonstrated the ability to meet complex insurance needs with customized and creative solutions delivered with first-class service. For more information, visit www.bowheadspecialty.com.