NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced a partnership with Kayna, an award-winning embedded insurance infrastructure platform; and Vibrant, an Easton, Pennsylvania-based platform that manages third-party vendor cybersecurity oversight by tracking insurance coverage details.
- US-based vertical SaaS platform Vibrant manages third-party vendor cybersecurity oversight by tracking vendor insurance coverage directly with coverage information from carriers;
- Kayna’s embedded insurance infrastructure enables WTW cybersecurity insurance distribution with continuous vendor coverage assessments to close protection gaps and safeguard ongoing compliance programs;
- Solution designed to support Procurement, Operations and Supply Chain functions within cross-industry solutions including Manufacturing, Education, Healthcare, Utilities, Financial Services, Retail, State & Municipal Government sectors
Vibrant’s innovative platform enables organizations with extensive vendor networks to easily monitor the cybersecurity status of their supply chain, providing continuous, real-time insights without the need for time-consuming, costly assessments. The partnership, through the integration of Kayna technology facilitating WTW-brokered insurance distribution, enhances Vibrant’s insurance-based model by generating real-time alerts when a vendor’s cybersecurity status may pose a risk to the organizations they support. The integration also offers at-risk vendors immediate access to indicative insurance quotes and streamlined policy generation, effectively closing protection gaps in the supply chain. This comprehensive approach simplifies third-party risk management, in addition to promoting improved cybersecurity standards across the vendor ecosystem.
Paul Prendergast, Co-Founder and CEO, Kayna, commented, Vibrant makes it easy to spot cyber risks from vendors by tapping into the trusted, advanced warning systems from insurance carriers. Our role is to add value by using Kayna technology to trigger vendor risk alerts and facilitate simple access to WTW-brokered insurance products. We remove the heavy paperwork and administrative burden from organizations and their vendors, facilitate the speedy onboarding of new suppliers, and assist the provision of right-sized cybersecurity coverage to individual businesses across the comprehensive approved vendor listing. This is a tailored, automated…
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