Kayna – Embedded Insurance Infrastructure Platform Explores Options with AEGIS London

AEGIS London and Kayna have agreed to explore data-led US Property Insurance on US-based Lending platforms to be distributed by surplus lines brokers. The aim is to utilise InsurTech and a data orchestration layer in order to optimise the strength of OPAL, AEGIS London’s online quote and bind platform, enabling surplus lines brokers to offer real-time property cover options to meet the mandatory insurance requirements of commercial loan applicants.

Source: Kayna

Kayna, the award-winning InsurTech that facilitates insurance solutions through vertical SaaS platforms, and AEGIS London have agreed to work together to optimise AEGIS London’s online quote and bind platform, Opal Underwriting, by making data-led insurance coverages available to borrowers through surplus lines brokers, during commercial lending transactions. AEGIS London is a managing agent of a top quartile performing Lloyd’s of London syndicate and part of AEGIS (Associated Electric & Gas Insurance Services Limited), a mutual insurance company that serves the needs of the North American energy industry.

The Kayna infrastructure is set to explore developing property insurance options for US borrowers. AEGIS London currently writes in excess of $120m of premium through its OPAL Underwriting platform per year, much of this for certain types of insurance typically required for borrowers to have in place by commercial lenders.

Calum Williams, Digital Development Manager, AEGIS London, commented, “Our proposed collaboration with Kayna represents a new and innovative opportunity to expand our specialist product portfolio. We immediately recognised the potential to benefit the entire value-chain with commercial property insurance solutions that utilise loan platform data to generate cover options specific to client needs through authorised surplus lines brokers. In this, we are proudly preserving our AEGIS London core values of striving to do better with fairness and respect.”

Read full article: https://kayna.io/kayna-embedded-insurance-infrastructure-platform-explores-options-with-aegis-london/

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