Insurance Nerds 'Profile in Risk' Podcast - Ep. 752
Excellent discussion on the latest Insurance Nerds ‘Profiles in Risk’ podcast - Ep. 752.
Watch on YouTube where host Tony Cañas chats with Paul Prendergast on how Kayna makes it easy for vertical SaaS platforms to offer embedded insurance.
⏰ Key timespots and takeaways:
3:36 Typical VSaaS platforms serve small businesses in specific narrow verticals (eg restaurants, field services, legal) providing a unified system/platform that supports how a business runs their day to day operations. There are thousands of such platforms designed to serve narrow niche sectors!
4.26 Why does Kayna like these platforms? Because they hold unique data, support a great community of like-minded customers, offer excellent value-add services already and moving to embedded insurance is not a huge jump for them.
6.32 Taking the insurance application process from 30 pages to 2 pages because all the relevant data is on the platform already - allowing a much simpler process.
7.40 Kayna’s not saying brokers are going away! The exact opposite. Kayna tech helps improve the situation for everyone.
✅ Small business will be happier with accurate, easy insurance.
✅ VSaaS solves another problem for customers and boosts revenue streams.
✅ Brokers get to serve their customers better in a more data-driven way.
✅ Underwriters get access to trusted data in real-time and it's not coming through on spreadsheets!
9.36 Kayna’s partnership with WTW and working with the Affinity teams in the UK and USA gives VSaaS platforms the breadth of market choice they want for their customers, backed by decades of experience and expertise in underwriting and claims management. Kayna’s job is to make the technology flow between all parties and remain insurance line agnostic.
13.44 Let’s go! 🏃 Kayna’s API/widget supports fast integration.
16.24 Solving underinsurance.
20.34 The Future! 🚀
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