AEGIS London’s Opal Underwriting platform currently generates over $120 million in premiums annually, providing various insurance products typically required by commercial lenders for borrowers.
The collaboration between Kayna and AEGIS London aims to develop insurance coverage available through surplus lines brokers for borrowers active on lending platforms and involved in the loan application process.
Calum Williams, Digital Development Manager at AEGIS London, stated that the collaboration with Kayna presents an opportunity to expand the company’s specialist product portfolio in an innovative manner.
He said: “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, also commented, saying: “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.
He added: “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.”
