Leopard

AI platform automating policy data access and opportunity mining for life and annuity distribution

Distribution & Sales Growth Acquired

Overview

Leopard is a distribution and sales automation platform for life insurance and annuity professionals, including brokers, BGAs, IMOs, and carriers. The platform connects to insurance carrier systems to extract and standardize in-force policy data, then applies AI-driven analysis to surface revenue opportunities such as term conversions, replacements, and premium optimizations within existing books of business.

The product suite includes Leopard Connect for automated policy data retrieval, an opportunity mining engine that identifies actionable events in client portfolios, real-time quoting, and field underwriting automation. Delivery is via a cloud-based API platform that integrates with existing carrier and distribution systems, using purpose-built large language models for document extraction and data structuring.

Leopard was founded in 2023 through DESCOvery, the venture studio of The D.E. Shaw Group, and acquired by Coventry -- the largest buyer in the U.S. life settlement market -- in July 2025, approximately 18 months after launch. The company continues to operate and develop its platform under Coventry ownership, with active product development as of early 2026.

Products & Services

Leopard Connect

Automated policy data retrieval that pulls in-force life and annuity policy data directly from carrier systems without manual extraction. Standardizes records from multiple carriers into a unified format for downstream analysis and workflow use.

Key Features

Direct carrier system connectivity
Automated data standardization and structuring
Instant policy record access

Target Users: BGAs, IMOs, financial advisors, brokers

Opportunity Mining

AI-driven analysis of existing books of business to identify policies ready for conversion, replacement, or premium optimization. Surfaces actionable revenue opportunities with an average conversion rate of 40% on identified events.

Key Features

Machine learning-based event detection across policy portfolios
Identification of term conversion and replacement candidates
Revenue opportunity prioritization and scoring

Target Users: Brokers, financial advisors, BGAs

Quoting

Automated generation of quotes for alternative coverage options based on extracted and analyzed policy data. Reduces manual quoting cycles by integrating data directly from the policy retrieval layer.

Key Features

Real-time quote generation
Integration with policy data from Leopard Connect
Support for multiple carrier options

Target Users: Brokers, agents, BGAs

Field Underwriting

Automated field underwriting workflows that reduce manual review cycles and streamline underwriting approvals for life and annuity products.

Key Features

Automated pre-underwriting data collection
Reduction of manual review steps
Integration with carrier approval workflows

Target Users: Carriers, BGAs

At a Glance

Founded: 2023
Headquarters: New York, NY, USA
Employees: 11-50
Funding: Acquired

Category & Focus

Category: Distribution & Sales
Subcategories: Policy Management Automation Opportunity Mining Field Underwriting
Insurance Verticals: Life & Annuity
Target Customers: Brokers, Agents/Agencies, Carriers