This comes after Bowhead, provider of casualty and professional liability products, raised $128 million in an oversubscribed IPO last week.
Stephen Sills, CEO of Bowhead, commented: “Our partnership with Kalepa allows us to stay on the cutting edge. Many companies make big claims in their demos and talk about the potential of Al, but no one has impressed us as much as Kalepa.”
Steve Feltner, COO of Bowhead, commented favourably on Kalepas’ product “We considered many underwriting solutions to see if they could materially impact our top or bottom line – we’ve seen nothing out there like Copilot.”
Feltner added “Not only is Kalepa’s technology miles ahead of other vendors, but when it came to driving real impact on our business, there was no competition.”
Jeff Saunders, Head of Casualty at Bowhead Specialty, comments, “Using Copilot helps us bind more policies, more profitably – it’s that simple. Our underwriters love Copilot because it helps them focus on submissions with the highest profit potential, analyse every risk to make an informed decision, and ultimately win more business.”
Paul Monasterio, CEO of Kalepa also shared his enthusiasm for the collaboration stating: “We are delighted to collaborate with Bowhead Specialty, and we are proud of the many benefits that Copilot has already provided.”
“Commercial insurance is a trillion-dollar industry on pace to double within the decade, but it has been left behind technologically for several decades. Copilot’s groundbreaking Al is changing that by delivering tangible improvements to growth, efficiency, and profitability for insurers of all sizes. We are excited about our continued, rapid growth, and look forward to helping more underwriters Bind with Confidence than ever before.” Monasterio added.
