Kalepa Corporation announced the launch of Kalepa Insurance Services, an insurance offering with capacity through a program partnership with specialty insurer Everspan Group.

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.

Founded in 2018 by insurance and technology veterans, Kalepa works to enhance underwriting performance and drive premium growth for the commercial insurance industry. Everspan Group is a specialty property/casualty insurance platform that operates nationwide on an admitted and non-admitted basis.

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Stable, a new InsurTech built specifically for rideshare drivers and fleets, launched its first insurance product for owner/operators, or drivers who own vehicles that they drive on rideshare networks like Uber and Lyft.

The company is an insurance partner and driver advocate that helps drivers protect themselves and their businesses with commercial-grade insurance coverage and technology tools. It currently offers insurance to owner/operators in the state of Illinois, and it will begin to offer this coverage in Arizona, Georgia, Tennessee, and Texas later this year as it expands state by state.

Stable also has a goal of going live in California and Florida in the next 12 to 18 months. By the end of 2022, it will introduce insurance coverage designed for rideshare fleets and carshare vehicle owners.

The company’s products are developed by insurance experts and tailored, based on input from hundreds of drivers and fleets, to meet the needs of drivers, cover their specific risks, and protect them. Drivers purchase insurance digitally, and they have access to dash cam technology.

Stable also provides custom reports for owner/operators. The analytics available on Stable’s dashboard offer a view of risk levels and earnings, and it provides drivers with discounted cameras to reduce their claims cycle times.

The company has partnerships with MLTPLY and Resolute Global Partners. Other investors in Stable include Brooklyn Bridge Ventures, a pre-seed fund focused on New York City startups, and angel investors Dave Delaney of Lancer Insurance, VJ Dowling of Dowling & Associates, Christopher Cavallaro and John McKenna of ARC Excess & Surplus, and Harry Campbell, founder of The Rideshare Guy.

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Betterview, an InsurTech provider of property intelligence to property/casualty insurance companies, launched the company’s new Catastrophe Response System, or CAT-RS.

Leveraging a combination of machine learning, aerial imagery, and third-party data, CAT-RS shows catastrophe impact in near real-time, predicts which properties and structures are most likely to be impacted based on conditions and characteristics prior to the event, and allows visual verification of actual property damages post-event.

The system optimizes the efficiency of claims processes and aims to allow claims teams to proactively help homeowners, business owners, and communities who need the resources to recover from devastation quickly.

Sources: Kalepa Corporation, Stable, Betterview