EP 27 – Paul Prendergast – co-Founder and CEO at Kayna Innovation – Building the Infrastructure to Enable Distribution Through Vertical SaaS

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Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 130 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Paul is a serial entrepreneur and former winner of the Deloitte Fast 50 for the fastest growing technology company in Ireland. He co-founded Kayna with Peter Bermingham in 2021. Kayna is a Lloyd’s Lab Accelerator Programme Cohort 9 alumnus and winner of the InsurTech NY’s Carrier/Broker Competition for Global Early-Stage Insurtech in 2023. Their previous venture, Blink Parametric, founded in 2016 and acquired by CPP Group (AIM CPP) in March 2017 delivered the world’s first real-time resolution flight cancellation insurance product and made FinTech Global’s InsurTech100 – an annual list of the worlds’ most innovative Insurtech companies in 2019 & 2020.

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In this episode of InsurTech Amplified, ⁠Paul Prendergast⁠, co-founder and CEO of Kayna Innovation⁠ explores the transformative journey of InsurTech. Paul shares his own evolution from a tech enthusiast to an InsurTech pioneer, highlighting his initial ventures into mobile device security before spearheading innovation with Blink Parametric⁠, one of the early ventures in parametric insurance.

The episode delves into the challenge and success of introducing parametric insurance, emphasizing the importance of education and perseverance in fostering industry acceptance. Paul’s latest venture, Kayna Innovation, focuses on bridging the protection gap for small businesses through embedded insurance, leveraging data from vertical SaaS platforms to streamline the insurance process, ensure adequate coverage, and enhance risk management.

Key insights from the conversation include the power of data in personalizing insurance products, the potential for embedded insurance to revolutionize small business protection, and the synergistic opportunities between traditional insurers and InsurTech startups.

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