Munich Re Specialty - North America Deploys Kalepa's Copilot

NEW YORK, May 16, 2024 - Insurtech leader Kalepa announced today that Munich Re Specialty – North America has deployed Kalepa’s award-winning Copilot underwriting platform to enhance risk analysis, critical submission management capabilities, and document ingestion.

In support of their rapid expansion in the United States, Munich Re Specialty – North America sought state-of-the-art technology for expert risk assessment and underwriting operations. With its cutting-edge technology and intuitive interface that provided a deeper understanding of exposures, Copilot offered the best-matched solution for Munich Re Specialty – North America.

“At Munich Re Specialty – North America, we prioritize attracting world-class talent and enabling our teammates to leverage cutting-edge technology to drive action” said Sabrina Hart, President and CEO of Munich Re Specialty – North America. “Deploying Copilot supports our action and service orientation with underwriting insights, efficiency in operations, and quicker decisions, which allows us to enhance our broker experience, while optimizing growth and profitability.”

"We are thrilled to partner with an industry leader like Munich Re Specialty – North America, and we are excited about the value they have already achieved with Copilot,” said Kalepa CEO Paul Monasterio. “Our Copilot underwriting platform is the solution various insurers trust to deliver the growth and profitability outcomes they seek.”

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About Kalepa

Founded in 2018 by technology veterans, Kalepa is dedicated to enhancing underwriting performance and driving profitable premium growth for the commercial and specialty insurance industry, enabling insurers to Bind with Confidence. Kalepa's 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 Munich Re Specialty – North America

Munich Re Specialty – North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. Munich Re Specialty– North America offers its clients innovative risk and claims solutions powered by advanced technology and analytics, superior service and enhanced responsiveness to clients’ needs.

About Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the asset management company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through to the 2019 Pacific typhoon season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyberattacks. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.