We are excited to extend our heartfelt congratulations to Kayna Innovation, one of our portfolio companies, for their newly established partnership with WTW’s Affinity Insurance division! 🎉 This strategic collaboration marks a significant step forward in delivering cutting-edge, data-driven insurance solutions to small and medium-sized enterprises (SMEs) in the UK and US through Vertical Software-as-a-Service (vSaaS) platforms. #Innovation #Insurance #SMEs #Partnerships
📢 BREAKING NEWS: Kayna Innovation - the award-winning Insurance infrastructure platform partners with leading global advisory, broking and solutions company WTW to drive next generation Affinity Insurance product solutions for UK and US-based SMEs. More here: https://lnkd.in/efse8AyU This partnership enables the delivery of innovative WTW insurance solutions and full program administration to SME clients in the UK and US through Vertical Software-as-a-Service (‘vSaaS’) platforms. Kayna low code tech will deliver the essential technology and data infrastructure between vSaaS platforms and WTW-brokered insurance solutions. Specialist WTW teams in the UK and USA will lead the product development and broker all insurance offerings as the company affirms its primary focus to delivering next generation distribution for the fast-growing SME Affinity Insurance sector. 🚀 This partnership enables: ✅ WTW to distribute property, general liability, workers’ compensation, commercial auto and umbrella liability insurance solutions to industry-specific vSaaS platforms. ✅ top-line growth for vSaaS platform providers by leveraging platform data to serve relevant, tailored insurance through a streamlined process direct to the customer base that use such platforms to run their day-to-day business operations. Paul Prendergast, CEO of Kanya said: “This is all about driving lots of new types of data-led, automated, simplified insurance business, tapping into huge distribution opportunities and doing all the heavy lifting for vSaaS platforms and their customers. WTW powered by Kayna will be providing trusted full-service, tailored insurance solutions direct to SMEs, via platforms whose core business is not insurance but whose rich, curated SME data is the critical success factor in ensuring right-sized insurance cover.” This is Affinity Insurance 2.0”, said Paul Lubbers, Head of Affinity and Programs US at WTW. “Insurance at your fingertips, forms derived from the actual key data that informs insurance metrics, and a facilitated process that goes beyond the policy purchase to trigger alerts if coverage level needs to be updated to mitigate risk. Both WTW and Kayna are playing to our respective strengths in delivering a world-class solution that is set to play a pivotal role in our consumer and commercial programs across the US.” Anthony Borgman, Head of Affinity GB at WTW concluded, “WTW Affinity have been able to add our unique value and expertise to the delivery of a data-led, end-to-end insurance service to not only deliver value but provide greater confidence to SMEs seeking appropriate levels of protection. I am delighted to see our UK Affinity capabilities expand in this exciting way and to have this opportunity to build on our partnership for the long-term.” Peter Bermingham | Jonathan McDonald ACII | Sophia Bhaumick | Callum Leat | Chris Gingell | Nick McCowan | Ella A. | Nabeel Tanveer #insurtech #verticalSaaS #affinityinsurance