Bishop Street Underwriters, owned by RedBird Capital Partners, collaborates with InsurTech pioneer Kalepa to leverage innovative AI technologies for enhancing underwriting decisions.
The partnership between Bishop Street and Kalepa is driven by the objective to enhance the underwriting precision, risk assessment, and portfolio strategy capabilities at Bishop Street. By incorporating Kalepa’s AI Copilot, Bishop Street aims to optimise their underwriting decisions and accelerate growth across their MGAs, thereby achieving best-in-class underwriting and profitability goals.
Bishop Street Underwriters is strategically developing its platform by integrating advanced technologies and forming key partnerships. Their recent acquisition of Conifer Insurance Services is part of an ongoing strategy to create a differentiated platform in the insurance industry, powered by cutting-edge solutions like Kalepa’s Copilot.
Kalepa, on the other hand, continues to make significant strides in the InsurTech sector, having been recognized in the InsurTech 100 list for three consecutive years, and supported by industry leaders through investments.
The alliance has been met with enthusiasm from leadership on both sides. Bishop Street Underwriters COO, Chris Klimek, highlighted the transformative potential of the partnership, stating, “We set out to build Bishop Street into a differentiated platform, and we see Kalepa as a foundational partner in achieving that vision.
“Copilot’s ability to empower underwriters across risk classes and coverages provides the versatility we need as we continue to bring new programs under the Bishop Street umbrella.”
Similarly, Danny Hillman, Co-founder and COO of Kalepa, expressed excitement about the partnership, noting, “The Kalepa team is excited to partner with Bishop Street Underwriters to deliver the foundational underwriting platform that will power their strategic and day-to-day decision.
“Thanks to our day-one deployments and industry-defining AI, Copilot has become the solution of choice for many commercial and specialty insurers. We look forward to supporting Bishop Street in serving entrepreneurs, operators and underwriters who are building enduring insurance franchises, powered by Kalepa’s Copilot.”
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