Kayna provides a technology and data orchestration layer between carriers, brokers, and vertical SaaS platforms to distribute insurance products relevant to platform customers.

Kayna

Embedded Insurance Infrastructure enabling Distribution through Vertical SaaS

The Problem: Small businesses are not properly insured. 50% UK SMBs underinsured (CII, FCA)

Why? Insurers don’t have accurate data on small business
- Incorrect insurance means 50% of UK SMBs are underinsured according to the Chartered Insurance Institute (CII) and Financial Conduct Authority (FCA).
- Current policies are static though SMBs are dynamic. Less than 20% of SMBs tell their insurer/broker as their needs change (RSA).
- 25% of UK SMBs will go out of business if faced with an unexpected bill of £50,000 (RSA).

The Solution: Accurate insurance that keeps up to date with the business.
Kayna offers insurers access to unique data to allow accurate insurance throughout the lifetime of the policy.

- SMBs get complete Insurance transparency on correct cover levels.
- Policy review is dynamic; changing as the business changes – automatically.
- Insurers can price risk more accurately and the broker can provide the right support, at the right time.
- Insurance is automatically presented to the SMB in real-time through the platform they use to manage their business

Kayna Innovation

Congratulations to Luke Sophinos on the launch of the Vertical SaaS Bible – a must-have for Vertical SaaS platform operators and companies in the ecosystem. Check it out here: https://lnkd.in/eHG3CMpC

Luke’s expertise shines through in this comprehensive resource and we're proud to see that Kayna Innovation earned a shout-out in the Embedded Insurance chapter! 🙏 📈 

1k+ industries ranked by revenue and segmentation
500+ SaaS investors
50+ founding and operating playbooks
50+ vSaaS company case studies and more...

Kayna enables embedded insurance distribution across vertical SaaS platforms. Adding our award-winning low-code infrastructure is painless. vSaaS platforms get to grow and:

✅ Generate new revenue streams
✅ Tap into global trusted Insurers, Brokers and Underwriters
✅ Make relevant, tailored insurance easy and accessible to platform customers
✅ Provide instant quotes, automated form-filling - utilizing data from the platform
✅ Track business changes so insurance cover can adapt across the policy lifetime
✅ Help customers manage risk and protect their business

Explore what we do here: https://lnkd.in/eN_Mq5iv and let's talk! 

Paul Prendergast | Peter Bermingham #embeddedinsurance #insurtech #verticalSaaS

Dear LinkedIn friends, 

It is my pleasure to share with you the second of the 2024 series Gallagher Re InsurTech reports. 

We continue to focus on Artificial Intelligence (AI), and its role in the (re)insurance industry, with Q2 taking a look at AI's role in 'risk' (pricing, underwriting and portfolio management). Included in the report, as always, are InsurTech companies and individuals of relevance to the theme - in this case those companies who are bringing AI in risk to life in our industry, and those experts who have a view on how and what is developing. We also have two features on the issues arising from the potential threats associated with AI - namely fairness and biases. 

Some Q2 data highlights;
* Q2 2024, funding rose to USD1.27B, the highest level since Q1’23
* Early-stage InsurTech funding increased to USD377.60M, the highest level since Q1’23.
* The average deal size rose to USD18.46M, the highest level since Q3’22
* Interestingly, overall InsurTech deal count saw 82 deals in Q2’24, the lowest quarterly count since Q2’20
* A third of Q2’24 InsurTech deals went to AI-centered InsurTechs and 40% of Q2’24 deals went to risk-focused InsurTechs
* The overall increases are attributable to a near doubling of average deal sizes

To understand what is driving these numbers and view our insights on AI, please access the complete report. Full report available for download at the bottom of the link https://lnkd.in/e-Tyvch7 

Now to our wonderful participants – this report would not be possible without the following companies and people featured; Sypher, Send, Concirrus, Cytora, FairPlay AI, INSTANDA, Intact Ventures, Gallagher Re, Kayna Innovation, AEGIS London, Ki Insurance, Artificial Labs, Sidley Austin LLP, Sixfold, Slipcase and of course CB Insights. #InsurTech #Gallagherre

📢 Excited to see Kayna Innovation's work with AEGIS London and OPAL Underwriting featured as a Case study on the prestigious Gallagher Re Global InsurTech Report Q2 2024. 🔥 FREE download here: https://lnkd.in/eekMERVs p.56-59.
Thanks to Andrew Johnston and the team at GallagherRe for the recognition. 👏 🚀 

The case study centres on how our combined solution is deployed to offer property insurance to loan applicants on US-based Commercial Lending platforms. Our work helps the vertical SaaS platforms to:
 
✅ Offer mandatory Property Insurance cover options;
✅ Close more loans faster;
✅ Generate additional revenue through fees;
✅ Access AEGIS market-leading insurance, available across all 50 States, to loan applicants during the loan process.

If you would like to learn more about how Kayna enables embedded insurance distribution across vertical SaaS platforms, let's talk! 

Peter Bermingham | Calum Williams | Iain Lewers Dip CII, OLY

#embeddedinsurance #insurtech #verticalSaaS #GallagherRe

That's a wrap on the 2024 Summer Insights Conference! We covered timely topics affinity leaders need to know about in the coming years, including trends in distribution models, insurance technology, legislative and regulatory updates, #brandbuilding in the digital age, and more, all while connecting executives and decision-makers from across the industry. 

Thank you to everyone who joined us in lovely Louisville, KY -- you all made this event such a success. Safe travels home and we look forward to seeing you at future PIMA events!

#PIMAinsights #insurance #insurtech #affinitymarket #affinitytrends

Summer Insights attendees are staying busy Day 3 of the conference. Chuck Johnston discussed trends and predictions for the insurance technology landscape during "Group Tech: The State of Insurance Technology." Attendees heard keys for successfully onboarding new clients to begin marketing and generating revenue from Paul Prendergast, Joseph Grillo, and Mickey Kim during "Unlocking Success: The Key to Onboarding New Affinity Partners." And between these sessions, leaders are sharing ideas and making connections during networking breaks. 

#PIMAinsights #insurance #affinity #insurtech #innovation #affinitymarket 
#affinitytrends #networking

📢 Great session today at PIMA's Summer Insights Conference in Louisville, KY. Speakers Joseph Grillo and Mickey Kim facilitated by our own Kayna Innovation CEO Paul Prendergast shared insights on Unlocking Success: The Key to Onboarding New Affinity Partners.

Thanks for a lively and productive discussion on critical onboarding success factors ranging from tech to new business models. 🚀 

EXL | Farmers Insurance
#PIMAinsights #insurance #affinity #affinitymarket #affinitytrends #insurancemarketing #affinitypartnerships

Try our Kayna Innovation calculator!  See in seconds how embedded insurance can supercharge vertical SaaS platforms. 🚀 
Click here: https://lnkd.in/eVsX-j7D

Adding award-winning low-code Kayna infrastructure is painless. vSaaS platforms get to grow and:

✅ Generate new revenue streams
✅ Tap into global trusted Insurers, Brokers and Underwriters
✅ Make relevant, tailored insurance easy and accessible to platform customers
✅ Provide instant quotes, automated form-filling - utilizing data from the platform
✅ Track business changes so insurance cover can adapt across the policy lifetime
✅ Help customers manage risk and protect their business
✅ Expand as comprehensive solution provider and build long-term loyalty

Run the numbers and let's talk about how Kayna can add real value to your platform.

#verticalsaas #embeddedinsurance

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