Willis and Kayna partner with Kwant to launch embedded subcontractor insurance programme

Industry
โดย Life Insurance International·Read original
Summary · why it matters

Willis, a WTW business, and embedded insurance infrastructure partner Kayna have partnered with construction workforce platform Kwant to introduce KwantSure, an embedded digital insurance programme within Kwant's workforce management platform. The programme gives subcontractors access to insurance cover needed for project compliance through the same platform general contractors use for workforce operations and certificate of insurance tracking. Kwant's platform supports 160,000 workers across the US and has tracked more than 45 million hours to date. KwantSure combines Kwant's workforce and compliance technology, Kayna's embedded insurance technology, and Willis' affinity advice and expertise, offering coverages including general liability, professional liability, cyber, business owner's policies, and pay-as-you-go workers' compensation. Embedding insurance procurement into the COI workflow is intended to cut administrative work, allowing subcontractors to receive quotes and bind cover within minutes, while improving compliance visibility and risk mitigation for general contractors.

Impact on stocks 1

Financials · 1 stocks
Willis Towers Watson PLC
WTW
▲ PositiveDemandrelevance

Willis (WTW) provides affinity insurance expertise for KwantSure, expanding distribution of its insurance products to subcontractors via embedded platform.

Off-coverage companies 2

KwantPrivate▲ Positive
Technologyrelevance

Kwant launches KwantSure, an embedded insurance programme on its workforce platform, enhancing value proposition for its 160,000 workers.

KaynaPrivate▲ Positive
Demandrelevance

Kayna's embedded insurance technology is core to KwantSure, enabling new revenue stream through partnership with Kwant and Willis.