Kalepa's Copilot now helps Paragon underwriters across workers
compensation, specialty property, small construction and
contractors, and auto dealers to achieve underwriting excellence
through improved efficiency, accuracy, and customer service.
NEW
YORK, May 9, 2024 /PRNewswire-PRWeb/ --
Insurtech leader Kalepa announced today that Paragon Insurance
Holdings LLC, one of the fastest growing national multi-line MGAs,
has expanded its use of Kalepa's AI-powered Copilot underwriting
platform to support its Workers' Compensation, Specialty Property,
Small Construction and Contractors, and Auto Dealers programs.
"Our partnership with Kalepa allows us to
harness their groundbreaking technology to drive unparalleled
excellence and efficiency across lines of business." -Ron Ganiats, CEO of Paragon
Paragon had initially deployed and expanded their use of Copilot
in the summer of 2023. The expansion to supporting four other
programs is a testament to Copilot's ability to deliver
underwriting excellence across all commercial lines of
business.
Ron Ganiats, CEO of Paragon,
expressed his enthusiasm for the expanded collaboration, stating,
"At Paragon, we are committed to providing revolutionary solutions
with the best service in the industry, and Copilot is the platform
we trust to deliver on that promise. Our partnership with Kalepa
allows us to harness their groundbreaking technology to drive
unparalleled excellence and efficiency across lines of
business."
Robert Etzler, EVP and Head of
Workers' Compensation at Paragon, noted the value of Kalepa's
platform in enhancing their underwriting operations, remarking,
"Kalepa's Copilot platform is a game-changer for workers'
compensation. With its trailblazing capabilities, we can make
informed decisions swiftly and accurately. Our underwriters can
focus on the most attractive opportunities and benefit from
significant operational efficiencies."
Brian Weber, EVP and Head of Auto
Dealers at Paragon, highlighted that Copilot-driven improvements to
risk selection and exposure review enable his team to deliver
consistent value to their insureds and distribution partners.
"Copilot serves as a one-stop-shop for our underwriters, compiling
critical information in one place so they can provide accurate
quotes. With Copilot, we can underwrite better than ever, while
setting new standards for a comprehensive underwriting review and
precision."
Kalepa has also integrated Copilot with Paragon's internal core
systems, including its agency management system. John Scully, Chief Technology Officer at Paragon
Insurance, emphasized the seamless integration and efficiency of
Kalepa's platform, stating, "Kalepa's Copilot platform sets the
gold standard for ease of integration, user experience, and time to
implementation. Working with Kalepa has been nothing short of
extraordinary, allowing us to elevate our technical stack with
cutting-edge AI while significantly streamlining our back office
operations."
"We are thrilled to deepen our partnership with the excellent
team at Paragon Insurance," said Paul
Monasterio, CEO and Co-Founder of Kalepa. "This expansion is
a testament to Kalepa's continued growth and Copilot's ability to
deliver value through driving underwriting excellence across lines
of business. We remain dedicated to empowering our MGA and carrier
partners with state-of-the-art AI technology. At Kalepa, we take
pride in Copilot's position as the most advanced AI underwriting
platform and the only one that delivers massive bottom line impact
to our clients from day 1."
About Kalepa
Founded in 2018 by technology veterans, Kalepa is dedicated to
enhancing underwriting performance and driving profitable premium
growth for the commercial and specialty insurance industry,
enabling insurers to Bind with Confidence. Kalepa's AI-powered
Copilot underwriting platform enables underwriters to focus their
time on the highest ROI opportunities and to quickly evaluate and
optimally select risk. Kalepa was named to the 2022 and 2023
InsurTech 100 by FinTech Global and is backed by IA Ventures,
Inspired Capital, and leaders in technology and financial services.
Learn more at www.kalepa.com.
About Paragon
Paragon Insurance Holdings, LLC, a Galway Holdings company
formed in 2014, writes all commercial lines of insurance across
more than 20 programs. Paragon's industry-specific and general
underwriting facilities offer insureds, retail agents, carriers,
reinsurers and service providers unique product, service,
capability, and results. Learn more at:
www.paragoninsgroup.com.
Media Contact
Daniel Hillman, Kalepa, 1 (929)
352-5372, press@kalepa.com, kalepa.com
LinkedIn
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SOURCE Kalepa