WTW has announced a partnership with Kayna and Vibrant. Vibrant manages third-party vendor cybersecurity oversight, tracking vendor insurance coverage directly with carrier coverage information; Kayna’s built-in insurance infrastructure enables the deployment of WTW cybersecurity insurance with ongoing vendor coverage assessments, to close security gaps and safeguard ongoing compliance programs; the solution is designed to support Procurement, Operations and Supply Chain functions across cross-industry solutions, including manufacturing, education, healthcare, utilities, financial services, retail , state and municipal public administration. Vibrant’s innovative platform enables organizations with extensive supplier networks to easily monitor the cybersecurity status of their supply chain, providing continuous, real-time insights, without the need for costly and time-consuming assessments.
The partnership, through the integration of Kayna technology that facilitates the distribution of insurance brokered by WTW, enhances Vibrant’s insurance-based model, generating real-time alerts when a provider’s cybersecurity status may pose a risk to organizations it supports. The integration also gives at-risk suppliers immediate access to indicative insurance quotes and streamlined policy generation, effectively closing security gaps in the supply chain. This comprehensive approach simplifies third-party risk management, as well as driving improved cybersecurity standards across the vendor ecosystem.
Kayna’s technology leverages Vibrant’s tracking data to facilitate WTW’s offering of relevant, right-sized, brokered insurance policies to at-risk providers. The partnership strengthens organizational oversight and risk management controls, along with supplier compliance, to mitigate breaches caused by supplier vulnerabilities.
To take proactive measures. By combining our strengths, we can significantly reduce the time and effort required for organizations to manage their cyber risk while ensuring they have the necessary coverage in place.
1. Guest: Please introduce yourself and your role in the partnership between WTW and Kayna.
Pierre: My name is Pierre, and I’m the CEO of Kayna. Our company specializes in developing innovative cyber insurance solutions that simplify the process of obtaining coverage for SMEs. We’re thrilled to collaborate with WTW, a leading global brokerage, to provide enhanced cybersecurity capabilities for organizations’ supply chains.
2. Guest: Can you explain how your partnership with Vibrant complements the WTW and Kayna partnership?
Rebecca: Absolutely. My name is Rebecca, and I’m the Managing Director of Vibrant. Our company provides a platform that enables organizations to monitor their vendor cybersecurity status in real-time. By partnering with WTW and Kayna, we can ensure that our clients have access to the most comprehensive set of tools available for managing their third-party risk. Our platform tracks vendor insurance coverage directly with carrier information, enabling us to provide continuous, actionable insights into the cybersecurity posture of their entire supply chain.
3. Both Guests: Can you describe the key benefits of this partnership for organizations looking to manage their third-party risk?
Pierre: Sure, this partnership brings together the best of both worlds. Kayna’s technology streamlines the insurance buying process for SMEs, making it easier for them to obtain the cyber insurance they need to protect themselves and their customers. Meanwhile, Vibrant’s platform provides ongoing monitoring of vendor security, ensuring that clients maintain compliance and minimize risk. By partnering with WTW, we are able to offer a complete solution that addresses both the insurance needs and the overall cybersecurity posture of an organization’s suppliers.
4. Rebecca: How does the integration of Kayna’s technology into Vibrant’s platform enhance the solution?
Pierre: Kayna’s technology automates the process of identifying and assessing cybersecurity risks in vendors, allowing for quick and accurate evaluations of their insurance needs. This integration with Vibrant’s platform provides clients with real-time alerts about potential security gaps in their supply chain, enabling them
