Kalepa named to Insurtech100 2022
NEW YORK - OCTOBER 25, 2022
Kalepa, the leading AI software company known for its Copilot underwriting workbench, today announced that it was recognized by FinTech Global as a top global InsurTech company for 2022. Kalepa was selected from a list of over 1,800 companies by a panel of industry experts and analysts.
The InsurTech100 is an annual list of 100 of the world’s most innovative InsurTech companies, which are selected for solving a significant industry problem or generating efficiency improvements across the insurance value chain. This was the most competitive selection process in the history of the award.
FinTech Global director Richard Sachar said, “Faced with seismic shifts in consumer behaviour, the so-called “race to digitalise” and challenging market conditions, insurers have their work cut out for them. The InsurTech100 lists helps senior insurance executives in the industry filter through the noise in the market by highlighting the tech companies transforming sectors such as underwriting, embedded insurance, pricing, distribution and data & analytics.”
“We’re thrilled to be named an InsurTech100 company for 2022,” says Co-Founder and CEO Paul Monasterio. “Innovation in the InsurTech space is at an all-time high, and this selection is a testament to the value Kalepa is delivering for our carrier partners. In fact, insurers who have implemented Copilot typically experience throughput increases of 40% and combined ratio improvements of over 1000 bps, 5 to 10x the impact of almost every other initiative. We are proud to support this critically important industry by helping commercial P&C carriers of all sizes bind with confidence.”
Founded in 2018 by 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 is backed by IA Ventures, Inspired Capital, and leaders in technology and financial services. Learn more at kalepa.com.