Kayna launched Risk Manager, a real-time, stand-alone risk management module that analyzes policy detail, flags coverage gaps and drives insurance sales to support compliance demands.
“Kayna Risk Manager is already delivering as a ground-breaking new element in our product portfolio. Being live in the U.S. has allowed us to secure key measurable proof points as we typically find the real compliance rate drops to between 20-25% once our tool assesses vendors that were previously reported as compliant. That’s hugely compelling, particularly for risk managers within large franchise networks and platforms that carry the liability for vendor and subcontractor compliance. This is the start of a new and exciting product pathway for our business,” says Paul Prendergast, co-founder and CEO of Kayna.
“We discovered that trackers do one job really well. They file the certificate and flag when it expires. What they can't do is read the actual policy behind the certificate. So, a tracker will tell you a vendor is compliant even when the endorsement naming the required 'additional insured' quietly dropped off at their last renewal. Kayna goes further. Our tool goes beyond an existing tracker to deliver a full policy-level analysis layer that also verifies accuracy - that’s the game-changer,” adds Peter Bermingham, co-founder and CTO of Kayna.
Key takeaways:
· The solution reads the policy, endorsements and contracts once, properly, and pulls every exclusion, definition and limit into a clean organized record with the original clause numbers intact. It checks the policy wording against the clause and confirms whether it satisfies the contract. After that, every check that’s triggered, e.g., against a franchise agreement, contract, or specific client requirement, reads off that consistent record instead of repeatedly tracking through the PDF in a fresh search each time.
· Risk Manager operates as a standalone AI tool or complements any existing certificate of insurance tracker by operating as the policy-level analysis layer.
· Every finding includes a citation per vendor showing the exact clause from the policy it was tested against, so the audit path is transparent and timestamped. Where the model can't read something clearly, it raises a query rather than guessing.
· Full portfolio dashboard details coverage gaps by insurance product and franchisee or vendor type.
· Efficiencies range from time savings on review costs for risk, legal and broker teams to reducing risk exposure by identifying vendor coverage gaps before a claim is filed, not after.
