AEGIS London has partnered with the award-winning InsurTech Kayna to optimise its online quote and bind platform, Opal Underwriting.
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.
Thus, Kayna and AEGIS London, using its OPAL Underwriting platform, are collaborating on the design of insurance coverage that would be available, via surplus lines brokers, to borrowers active on lending platforms and engaged in the loan application process.
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.”
Paul Prendergast, CEO of Kanya, noted, “We are delighted to be working with AEGIS London – managing agent of a top quartile syndicate at Lloyd’s, both by size and performance.
“Their specialist market expertise combined with our Kayna tech and data capability has identified a potential and compelling embedded insurance opportunity for commercial loan platforms.
“Adoption within the loan process workflow could improve loan processing time and add value to applicants’ experience. I’m excited by the immense potential for this unique solution in the US.”
