Kalepa Insurance Services (KIS) focuses on excess casualty coverage across a broad spectrum of industries.
NEW YORK, July 11, 2022 /PRNewswire-PRWeb/ -- 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.
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."
"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."
About Kalepa
Founded in 2018 by insurance and technology veterans, Kalepa is dedicated to enhancing underwriting performance and driving profitable premium growth for the commercial insurance industry. Kalepa's AI-powered Copilot software enables underwriters to focus their time on the highest ROI opportunities and to quickly evaluate and optimally select risk. Kalepa Insurance Services (KIS) combines the power of Copilot with deep underwriting expertise to rapidly write profitable risks on behalf of its insurer partners. Kalepa was recognized as a 2020 Cool Vendor by Gartner, and is backed by IA Ventures, Inspired Capital, and leaders in technology and financial services. Learn more at http://www.kalepainsurance.com.
About Everspan
Everspan Group is a specialty property and casualty insurance platform that operates nationwide on an admitted and non-admitted basis. The companies which comprise the Everspan Group are wholly-owned subsidiaries of Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company. Learn more at http://www.everspangroup.com
Contacts:
Kalepa Insurance Services (KIS)
Connie Germano | President of Insurance
(212) 913-9095 | [email protected]
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Everspan
Kate Smith | Director, Corporate Communications
(212) 208-3452 | [email protected]
Media Contact
Connie Germano, Kalepa Insurance Services (KIS), 1 (212) 913-9095, [email protected]
SOURCE Kalepa Insurance Services (KIS)
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