Open Finance Community Insurtech challenge: Kayna

What business problem do you solve? Why is it important to your clients? 

We solve problems related to small business insurance, reducing the protection gap and reducing underinsurance.

Can you briefly describe your product or solution and in which countries do you operate?

We are launching in Q1 2023 in the USA. Our UK and EU operations will be launched by the end of 2023.

What is your core value proposition? What are the unique features you offer to your customers? 

We enable vertical SaaS platforms to leverage their unique data to provide accurate dynamic small business insurance to their customer base.

Providing that your solution has already been implemented in financial institutions, which companies have already adopted this solution?

We are partnering with a number of brokers and insurers.

Can you describe in a few words one of these collaborations (What was the objective? What were the main challenges? What results did your client obtain thanks to the implementation of your solution?)

New distribution opportunities in an emerging software space with new data. We will be launching soon.

What is your business model and how easy is it to duplicate to additional geographies? 

As a tech provider we work globally.

Where do you see your fintech company in five years? What impact or difference are you trying to achieve for financial institutions in your portfolio?

Kayna will have made a major impact on providing SMB insurance. Insurance companies and brokers will have a clearer picture of who they are insuring and we will have reduced the protection gap and underinsurance dramatically.