Willis, a Willis Towers Watson (WTW) business, and its embedded insurance infrastructure partner Kayna have partnered with construction workforce platform Kwant to introduce KwantSure.
KwantSure is an embedded digital insurance programme within Kwant’s workforce management platform.
The programme is designed to give subcontractors access to insurance cover that may be needed for project compliance through the same platform general contractors use for workforce operations and certificate of insurance (COI) tracking.
Kwant’s construction workforce management platform supports 160,000 workers across the US and has tracked more than 45 million hours to date.
Willis US affinity and programmes leader Nabeel Tanveer said: “By integrating Willis-brokered insurance directly into Kwant’s COI tracking platform, we are simplifying access to coverage for subcontractors, strengthening compliance and removing friction from the procurement process.”
KwantSure brings together three components.
Kwant provides workforce and compliance technology that offers general contractors real-time visibility into subcontractor insurance status through integrated COI tracking.
Kayna supplies embedded insurance technology that places an insurance procurement experience into the Kwant platform, using digital trading capabilities from modern carriers to provide data-led insurance solutions.
Willis contributes affinity advice and expertise, with insurance offerings for subcontractors that include general liability, professional liability, cyber, business owner’s policies and pay-as-you-go workers’ compensation.
According to the press statement, embedding insurance procurement into the COI workflow is intended to cut administrative work and simplify the purchasing process, allowing subcontractors to receive quotes and bind cover within minutes.
For general contractors, the programme is intended to improve compliance visibility and support risk mitigation across projects.
Kwant CEO and co-founder Niran Shrestha added: “By combining Kwant’s project intelligence with Willis’ broking expertise and Kayna’s technology, we are making insurance faster, simpler and more accessible for contractors.”
Last month, WTW acquired Redefind, a web-based platform offering insurance products for cryptocurrency and digital assets.
Following completion of that transaction, Redefind co-founders Richard Daws and Connor Edward joined WTW.
“Willis, Kayna partner with Kwant on subcontractor insurance” was originally created and published by Life Insurance International, a GlobalData owned brand.
