InsurTech News

Kalepa Launches Potent Combination of AI and Expert Underwriting to Provide Much-Needed Excess Capacity in the Small to Middle Market Space

Kalepa Launches Potent Combination of AI and Expert Underwriting to Provide Much-Needed Excess Capacity in the Small to Middle Market Space
Kalepa Insurance Services (KIS) focuses on excess casualty coverage across a broad spectrum of industries.

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.

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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.

“We are very excited for our launch today as we begin this journey. It brings us closer to our goal of providing our brokers and insureds risk-tailored pricing and coverage along with superior claims handling. Through our use of proprietary technology, the KIS team sees the true exposure for each risk,” said Connie Germano, President of KIS. “We are also excited to partner with Everspan on launching this program. They are deeply committed to innovation in commercial underwriting and in empowering underwriting talent with revolutionary technology.”

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“We are pleased to partner with KIS,” said Steve Dresner, Chief Underwriting Officer at Everspan Group. “Kalepa’s cutting-edge Copilot platform puts pertinent insights at the underwriter’s fingertips and leverages human and artificial intelligence to identify and prioritize preferred risks. The management team has a strong following in the marketplace and we believe their underwriting approach is quite unique.”

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