Cohort: Cohort 9, 2022
Focus in insurance value chain/workflow: Point of underwriting
Specific lines of business supported: SME
Founded: 2021
Status: Operating, still in insurance
Company type: Administration system
Head office: Ireland
Main global offices: Ireland
Locations served: United Kingdom, USA
Employee count: 1-10
Kayna provides technology to enable insurers and brokers to integrate with vertical SaaS platforms to offer embedded insurance to SMEs. Vertical SaaS platforms provide various software services tailored to a specific industry. Kayna enables insurers to price coverage and update policies based on improved information about an SME's business operations and changes to those operations.
Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Increasing access to insurance
Kayna originally planned to operate as a regulated insurance entity providing coverage to SMEs. Based on work done with Lloyd's market participants during the Lab, it decided to pivot its business model to become a technology provider, enabling any insurer or broker to embed insurance coverage in vertical SaaS platforms.
“Kayna's embedded orchestration layer is the ideal solution for Lloyd’s coverholders who want to move quickly with no capital expenditure into the rapidly growing vertical SaaS sector. Our software platform partners love the hybrid solution of great fast tech from Kayna and the incredible experience of the Lloyd’s coverholders”Paul Prendergast, Chief Executive Officer and Co-Founder
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Kayna website
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