Kayna, an award-winning embedded insurance infrastructure platform; WTW, a global advisory, broking, and solutions leader; and Vibrant, a cybersecurity oversight platform, have joined forces to streamline vendor risk management.
The partnership will integrate Kayna’s technology into WTW-brokered insurance distribution to enhance Vibrant’s platform, enabling real-time alerts when vendor cybersecurity risks arise.
At-risk vendors will gain access to indicative insurance quotes and simplified policy issuance. This innovation aims to close protection gaps, reduce administrative burdens, and improve cybersecurity standards across vendor ecosystems.
This collaboration supports key business functions, including Procurement, Operations, and Supply Chain management, with applications spanning sectors such as Manufacturing, Education, Healthcare, Utilities, Financial Services, Retail, and Government.
Kayna leverages Vibrant’s monitoring data to facilitate precise, WTW-brokered insurance policy offers for vendors identified as at-risk. This strengthens organisational oversight, enhances vendor compliance, and mitigates vulnerabilities that could lead to security breaches.
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.”
Rathi Niyogi, CEO at Vibrant, highlighted the challenge of vendor cybersecurity management, stating, “Monitoring the cybersecurity status of large numbers of vendors has traditionally been expensive and complex. 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, added, “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.”
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