Kalepa
Kalepa operates a Professional Grade AI underwriting platform for commercial P&C insurers, MGAs, and mutuals, providing AI-powered submission ingestion, risk analysis, triage, rating, and portfolio management through a unified SaaS workbench.
- Company typePrivate
- Founded2018
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Kalepa does
Kalepa operates a Professional Grade AI underwriting platform serving commercial property and casualty (P&C) insurers, managing general agents (MGAs), and mutual insurance companies. Founded in 2018 and headquartered in New York, the company delivers a unified SaaS workbench — the Copilot Underwriting Workbench — composed of seven integrated modules (Submission Ingestion, Clearance, Triage, Risk Analysis, Rating, Quote & Bind, Portfolio Management) plus an add-on module called Flight Plan for underwriting guideline and risk appetite management. The platform is purpose-built for commercial insurance underwriting workflows from submission intake through portfolio steering, and is sold through enterprise SaaS subscriptions with annual billing and no publicly disclosed pricing.
The company's core technical differentiator is its proprietary AI Ensemble Engine, which dynamically selects the optimal model or method in real time and explicitly distinguishes between tasks it should automate versus those requiring human judgment amplification. The platform processes multimodal inputs — text (broker emails, legal filings, news), structured data (ACORD forms, SOVs, loss runs, MVRs), and images (OCR + computer vision) — through LLM-powered extraction, vector embedding-based entity resolution (99.6% accuracy), anomaly detection (chameleon carriers, undisclosed operations, prior loss patterns), and coupled AI agents (an extraction agent paired with a judging agent that validates critical fields independently). Customer-reported outcomes include a 960 basis-point combined ratio improvement, 30%+ more premium per underwriter, a 58% reduction in quote time, and 40% throughput increases.
Kalepa monetizes through enterprise SaaS subscriptions priced by carrier size, submission volume, and modules deployed, targeting Chief Underwriting Officers, COOs, and IT/AI leaders at carriers and MGAs. Go-to-market combines direct enterprise field sales, inside sales, and channel partnerships with MGA platform aggregators — notably Bishop Street Underwriters, which embeds Kalepa across its London-based MGAs Avid Insurance Services and Landmark Underwriting. The customer base includes top-tier names such as W.R. Berkley Corporation, Munich Re Specialty North America, Canopius, Admiral Insurance, Paragon Insurance Holdings, Bowhead Specialty, SECURA Insurance, Merchants Insurance Group, AmRisc, James River Insurance Company, Hinterland Insurance, and North Star Mutual Insurance Company. The company has raised $14M in disclosed funding (a September 2021 Series A led by Inspired Capital, with participation from IA Ventures and angel investors including Penny Pritzker, Gokul Rajaram, Jacqueline Reses, and Henry Ward) and operates a remote-first team spanning 10+ countries.
Kalepa firmographics
Firmographics- Name
- Kalepa
- Legal name
- Kalepa Corporation
- Website
- https://kalepa.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Kalepa operates a Professional Grade AI underwriting platform for commercial P&C insurers, MGAs, and mutuals, providing AI-powered submission ingestion, risk analysis, triage, rating, and portfolio management through a unified SaaS workbench.
- Ownership category
- akta.pro rank
Kalepa industry classification
Industry- Product category
- Insurtech / Insurance Underwriting Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industry
- Robotic Process Automation (RPA) Platforms (HDAEAHAB)
Keywords
Where Kalepa is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Kalepa business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: Kalepa operates as a SaaS platform with subscription-based pricing. The company offers enterprise agreements with implementation support and ongoing platform access. Based on job postings showing salary ranges of $135K-$210K for sales roles and the enterprise-focused sales motion, pricing is likely tiered by carrier size, submission volume, or feature modules.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS platform with modular capabilities |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Kalepa product offering
Product offeringCore offering
Kalepa provides a Professional Grade AI-powered SaaS underwriting platform that automates commercial insurance underwriting end-to-end, from submission ingestion and document extraction through risk triage, rating, quote and bind, and real-time portfolio management. The platform uses a proprietary AI Ensemble Engine, entity resolution, OCR/computer vision, and LLMs to analyze hundreds of document types, surface critical risk insights, and prioritize profitable submissions for insurance carriers, MGAs, mutuals, and brokers.
Product overview
Kalepa offers the Professional Grade AI platform, a unified SaaS underwriting workbench consisting of seven integrated modules: Submission Ingestion, Clearance, Triage, Risk Analysis, Rating, Quote & Bind, and Portfolio Management. The core product is the Copilot Underwriting Workbench, which combines all modules into a single workspace. Additionally, Flight Plan is an add-on module for underwriting leaders to manage guidelines and appetite. The platform automates submission intake, provides AI-driven risk analysis with Red Flag/Yellow Flag/Preferred scoring, and enables real-time portfolio steering.
Differentiator
Problem solved
Functional benefit
Products and services
- Copilot Underwriting Workbench Kalepa's flagship AI-powered underwriting workbench that enables commercial insurance underwriters to analyze submissions, surface critical risk insights, classify risks (Red Flag, Yellow Flag, Preferred), and make faster, more confident underwriting decisions across every line of business. Built for insurance carriers, MGAs, mutuals, and brokers.
Quantifiable outcome
- 960 basis points combined ratio improvement
- +5 more outcomes
Companies that use Kalepa
Customer profileNamed customers17 records
Segments7 records
Ideal customer profiles3 records
Kalepa technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability12 records
Feature10 records
Kalepa partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core.
- Bishop Street UnderwriterscoreBishop Street Underwriters, a managing general agent (MGA) platform backed by RedBird Capital Partners, has expanded its partnership with Kalepa to support London-based MGAs Avid Insurance Services and Landmark Underwriting. The partnership builds on positive results from an initial 2024 deployment, with both MGAs leveraging Kalepa's Professional Grade AI platform to improve underwriting speed, accuracy, and profitability. Bishop Street's 2025 results surpassed $650 million in gross written premium with a sub-50% portfolio loss ratio.
- James River Insurance CompanycoreJames River Insurance Company partnered with Kalepa to improve underwriting efficiency through an AI platform. The collaboration aims to enhance decision-making, operational speed, and portfolio management within the US E&S insurance market, supporting James River's strategy for sustainable growth and competitive positioning.
- Hinterland InsurancecoreHinterland Insurance selected Kalepa to implement its AI underwriting platform to enhance decision-making, streamline operations, and support growth in the property and specialty lines divisions. The collaboration resulted from extensive evaluation and aims to improve underwriting outcomes and facilitate faster scaling.
- AmRisccoreAmRisc, the largest catastrophe-focused MGA in the US, partnered with Kalepa to incorporate AI into underwriting processes, aiming to increase speed and accuracy. The collaboration addresses the bottleneck of processing a high volume of catastrophe risks efficiently.
- CanopiuscoreKalepa's AI technology is licensed by Canopius to enhance growth and innovation across its lines of business. Canopius, after rigorous evaluation of market alternatives, selected Kalepa as the only vendor trusted to power underwriting excellence and measurable impact across their product lines.
- SECURA InsurancecoreKalepa and SECURA Insurance announced a partnership to implement AI underwriting technology for improving risk assessment and operational efficiency. The collaboration aims to modernize insurance underwriting processes and set a precedent for other insurers adopting similar technologies.
- Merchants Insurance GroupcoreMerchants Insurance Group selected Kalepa's Copilot underwriting platform to drive underwriting excellence. The partnership was announced in August 2024 as part of Kalepa's expansion with regional and national carriers.
- Avid Insurance ServicescoreLondon-based MGA operating within Bishop Street Underwriters' platform. Leverages Kalepa's AI platform to improve underwriting speed and accuracy across its niche in the UK and international markets.
- Landmark UnderwritingcoreLondon-based MGA operating within Bishop Street Underwriters' platform. Leverages Kalepa's AI platform to improve underwriting speed and accuracy across its niche in the UK and international markets.
- Beyond RiskcoreBeyond Risk selected Kalepa's AI platform to drive scalable MGA growth. Partnership enables Better Risk to leverage professional-grade AI for underwriting operations.
Scale indicators9 records
Recent moves6 records
Expansion highlights8 records
Kalepa competitors and assessment
Company assessmentDirect peers
- Cytora: Cytora builds AI-powered underwriting workflows for commercial insurance, digitizing submission intake, risk evaluation, and routing. Directly comparable to Kalepa's Copilot workbench for commercial P&C and specialty carriers.
- Planck: Planck provides an AI-driven data platform for commercial insurance underwriting, aggregating and enriching business data for risk assessment. Closely aligned with Kalepa's submission ingestion, enrichment, and risk analysis capabilities.
- Akur8: Akur8 offers an AI-powered insurance pricing and ratemaking platform used by P&C insurers globally. Comparable to Kalepa's Rating module and broader underwriting workflow automation for carriers.
- Shift Technology: Shift Technology applies AI to insurance decisioning across underwriting, claims, and fraud detection for global insurers. Competes with Kalepa in AI-driven underwriting intelligence, though Shift is broader across the insurance value chain.
- Tractable: Tractable uses AI and computer vision for insurance damage assessment and claims. Shares Kalepa's computer vision/AI foundations and serves similar enterprise insurance buyers, though Tractable focuses more on claims than underwriting.
Emerging players
- Cape Analytics: Cape Analytics provides AI-driven property intelligence for insurers, using geospatial imagery to assess building risk. Adjacent to Kalepa's risk analysis capabilities for property-focused underwriting workflows.
- Bold Penguin: Bold Penguin operates a commercial insurance marketplace that streamlines small commercial submission intake and carrier matching. Adjacent to Kalepa's submission ingestion and triage for commercial lines, though distribution-focused rather than underwriting-focused.
- Betterview: Betterview provides property intelligence and risk scoring for P&C insurers using aerial imagery and AI. Comparable to Kalepa's risk analysis capabilities for commercial property underwriting workflows.
- Five Sigma: Five Sigma offers an AI-native claims management platform for insurers with automation and decisioning capabilities. Adjacent to Kalepa's workflow automation approach, though focused on claims rather than underwriting.
- Roots Automation: Roots Automation provides AI-powered digital coworkers for insurance operations including underwriting support. Comparable to Kalepa's AI-driven underwriting assistance, though broader across insurance operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Kalepa social profiles
Digital presenceKalepa compliance and trust
Trust signalCompliance3 records
Kalepa financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kalepa leadership team
Management profileNumber of profiles
Profiles6 records
Kalepa funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kalepa M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kalepa
What does Kalepa do?
Kalepa provides a Professional Grade AI-powered SaaS underwriting platform that automates commercial insurance underwriting end-to-end, from submission ingestion and document extraction through risk triage, rating, quote and bind, and real-time portfolio management. The platform uses a proprietary AI Ensemble Engine, entity resolution, OCR/computer vision, and LLMs to analyze hundreds of document types, surface critical risk insights, and prioritize profitable submissions for insurance carriers, MGAs, mutuals, and brokers.
Is Kalepa a public or private company?
Kalepa is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kalepa founded?
Kalepa was founded in 2018. It employs 51 to 100 people.
Where is Kalepa based?
Kalepa is headquartered in New York, United States, in the North America region.
How does Kalepa make money?
One revenue line is on record: saaS Platform Subscription.
Who are Kalepa's main competitors?
Direct peers on record are Cytora, Planck, Akur8, Shift Technology and Tractable. Emerging players are Cape Analytics, Bold Penguin, Betterview, Five Sigma and Roots Automation.
Does Kalepa have an API?
Yes. Kalepa offers APIs that enable insurers to connect to their platform. The platform supports external integrations and APIs for submission management, internal data sources, and third-party data sources. The documentation mentions simple APIs for connecting quickly, though specific API documentation URL is not provided in the source material.
What industry is Kalepa in?
Kalepa's product category is Insurtech / Insurance Underwriting Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of HDAEAHAB, Robotic Process Automation (RPA) Platforms. Its NAICS code is 513210 and its SIC code is 7372.