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Kalepa

Professional Grade AI for Profitable Underwriting

Underwriting & Risk Growth Series A ($14M)
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Overview

Kalepa is an AI-powered underwriting platform for commercial and specialty insurance. The company delivers end-to-end underwriting intelligence that helps insurers analyze submissions, surface critical risk insights, and identify the most profitable opportunities. The platform, branded as Copilot, serves carriers, MGAs, and reinsurers across multiple lines of business including property, casualty, specialty, and marine.

Founded in 2018 by Paul Monasterio (PhD, MIT) and Daniel Hillman (University of Pennsylvania), both former executives at Applied Predictive Technologies (acquired by Mastercard for $600M), Kalepa has grown rapidly in the commercial insurance market. The company has been recognized on the InsurTech100 for four consecutive years and was named to the 2025 AIFinTech100, as well as Wellfound's Top 10 AI & ML Startups alongside companies such as Anthropic and Writer.

Kalepa's platform is trusted by 13+ major insurers and has demonstrated measurable results: a 960 basis point combined ratio improvement, 31% more premium per underwriter, and 58% reduction in quote time. The company's team spans 10+ countries and is backed by Inspired Capital, IA Ventures, and prominent angel investors including former U.S. Secretary of Commerce Penny Pritzker.

Products & Services

Copilot - AI Underwriting Platform

End-to-end underwriting intelligence platform spanning submission intake to portfolio management.

Key Features

  • Submission ingestion with classification and data extraction from hundreds of document types
  • Automated clearance with conflict detection, completeness verification, and sanctions screening
  • Intelligent triage to prioritize submissions most likely to bind and align to appetite
  • Unified risk analysis view of exposures, controls, terms, and communications
  • Integrated rating with pricing model incorporation and auto-populated rating criteria
  • Quote and bind management with form generation and decision-ready documents
  • Real-time portfolio management connecting account and portfolio-level underwriting

Target Users: Commercial underwriters, underwriting managers, chief underwriting officers

Submission Ingestion

Automated processing and digitization of unstructured submission documents.

Key Features

  • Broker email processing and classification
  • SOV (Statement of Values) extraction
  • Loss run analysis
  • Application form digitization
  • Supplemental document handling
  • Accuracy in the mid-to-high 90s across complex document types

Target Users: Underwriters, operations teams

Risk Analysis Engine

AI-powered identification of exposures, hazards, and controls for each risk.

Key Features

  • News and review monitoring
  • Geographic risk assessment
  • Government database integration
  • Third-party data aggregation
  • Hidden hazard identification
  • First-party and third-party data source enrichment

Target Users: Underwriters, risk managers

AI Ensemble Engine

Kalepa's proprietary AI engine that selects the optimal model or method in real time.

Key Features

  • Combines deterministic and probabilistic methods
  • Automated versus amplified underwriter judgment decision-making
  • Verifiable and explainable results
  • Enterprise security and compliance built in
  • Human feedback loop integration

Target Users: Underwriting teams, IT/data science teams

At a Glance

Founded
2018
Headquarters
New York, NY
Employees
11-50
Funding
Series A ($14M)

Category & Focus

Category
Underwriting & Risk
Subcategories
Automated Underwriting Submission Management Risk Scoring Data Enrichment
Insurance Verticals
P&C Commercial Specialty/E&S Reinsurance
Target Customers
Carriers, MGAs/MGUs, Reinsurers

Customers

  • Arch Insurance North America (E&S Casualty)
  • W.R. Berkley Corporation (via Admiral Insurance Group, expanding across operating companies)
  • Munich Re Specialty - North America
  • Canopius (Property, Excess Casualty, Management & Professional Liability, Marine, Cyber, Equine)
  • Paragon Insurance Holdings (Workers' Comp, Specialty Property, Small Construction, Auto Dealers)
  • SECURA Insurance
  • AmRisc (largest catastrophe-focused MGA in the US)
  • Beyond Risk (multi-MGA platform)
  • Bishop Street Underwriters (RedBird Capital-backed multi-boutique MGA platform)
  • Hinterland Insurance (Property and Specialty lines)
  • Bowhead Specialty
  • North Star Mutual
  • James River Group

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Last updated: 2026-03-25