WTW, a global advisory, broking and solutions company, announced a partnership between its Affinity Insurance business and Kayna, an insurance infrastructure platform.

The partnership has been developed to enable delivery of WTW insurance solutions to SME clients in the U.K. and U.S. through Vertical Software-as-a-Service platforms.

Vertical SaaS platforms provide types of software solutions which are created for specific industries and the partnership between WTW and Kayna intends to provide full program administration for U.S. and U.K.-based industry-specific platforms in the construction, legal, salon/spa, fitness and field service sectors, distributing tailored insurance solutions.

Specialist WTW teams in the U.K. and U.S. will lead the product development and broker all insurance offerings as the company works toward its primary focus on delivering distribution for the affinity insurance sector.

The partnership between WTW Affinity and Kayna will enable WTW to distribute property, general liability, workers’ compensation, commercial auto and umbrella liability insurance solutions to industry-specific vSaaS platforms. The partnership aims to drive top-line growth for vSaaS platform providers by leveraging platform data to serve relevant, tailored insurance through a process direct to the customer base.

***

Cogitate, a provider of cloud-native core policy, billing, and claim applications for insurers, announced its partnership with One Inc, a digital payments network for the insurance industry.

Cogitate has integrated One Inc’s digital payment processing with DigitalEdge insurance platform to merge all payment flows into one platform for its customers.

The integration of One Inc’s PremiumPay and ClaimsPay with DigitalEdge policy, billing, and claims allows Cogitate’s insurance customers to offer the latest funds transfer options to their policyholders, including mobile options such as Venmo and PayPal, and other direct payments.

Today, Cogitate’s DigitalEdge insurance platform integrates with more than 60 third-party solutions and data partners.

***

Cytora, a digital risk processing platform, has partnered with data-driven art evaluator Overstone.

The integration will allow specialty insurers to access Overstone’s art intelligence through Cytora’s platform. As a result, underwriters will be able to get a clear picture of the value, price variation, liquidity as well as condition and authenticity risk of any artwork they are assessing. The aim is to enable more comprehensive risk evaluation and better decision-making.

Cytora’s partnership with Overstone is the latest in a series of partnerships that Cytora has signed as part of its mission to build a comprehensive data ecosystem for insurers. It follows a period of growth for Cytora, including agreeing to a collaboration with Chubb, the expansion of a partnership with Arch to North America, and the launch of the latest enhancement to its platform which leverages Large Language Models alongside Cytora’s proprietary AI.

Sources: WTW, Cogitate, Cytora