Source: Kayna

Paul Prendergast, CEO and Kayna co-founder, said, “Vibrant make it easy to spot cyber risk from vendors by tapping into the trusted, advance warning systems of insurance companies. Our role is to add value by using Kayna tech to trigger vendor risk alerts and facilitate easy access to WTW-brokered insurance products. We remove the heavy paperwork and admin burden from organisations and their vendors, facilitate the speedy onboarding of new suppliers and assist the provision of right-sized cybersecurity coverage to each individual business across an entire approved vendor listing. This is a tailored, automated solution that enables organisations to maintain robust vendor management controls as they go about their daily business.”

“Monitoring the cybersecurity status of large numbers of vendors has traditionally been expensive and complex”, said Rathi Niyogi, CEO at Vibrant. “Our solution addresses this complexity with an approach designed to be extremely simple, and capable of monitoring vast numbers of vendors while requiring minimal resources. Through our new Kayna and WTW partnership, Vibrant leverages the power of innovative InsurTech to bring remarkable capabilities to organisations that were previously priced out of necessary protection.”

Nabeel Tanveer, Director of Growth and Strategic Initiatives – US WTW Affinity, “The ability to now orchestrate insurance solutions that proactively deliver embedded insurance options and flag changes to the risk profile of any vendor during the insured’s policy period, is a valuable demonstration around the alignment of WTW and Kayna technologies. Vibrant is an excellent showcase of a platform solving risk challenges for their client base, and working together, we will work to close the protection gap, while helping solve the real problem of underinsurance.”

Read the full article: https://www.kayna.io/news/kayna-and-wtw-partner-with-vibrant-to-drive-third-party-vendor-cybersecurity-insurance-compliance-across-complex-supply-chains