Belfry Partners with Willis and Kayna to Revolutionize Physical Security Insurance Solutions

Belfry Partners with Willis and Kayna: A New Era in Security Insurance

In an exciting new development in the world of physical security, Belfry Software has announced a strategic partnership with Willis, part of the WTW business (NASDAQ: WTW), alongside technology partner Kayna. This alliance marks a significant step forward in providing security providers with comprehensive and efficient insurance options tailored specifically to their needs.

The Need for Change

Managing insurance has long been a challenge in the physical security sector. Companies often struggle with the lengthy processes involved in securing adequate coverage, from gathering payroll data to dealing with unexpected year-end adjustments. These hurdles can detract from their core business operations, making it vital to find a more streamlined solution.

The New Digital Insurance Program

With this partnership, Belfry is launching a digital insurance program that combines the insurance expertise of Willis with Kayna's award-winning technology. This collaboration is designed to significantly simplify the insurance procurement process. The new program will be accessible directly through the Belfry platform, allowing users to obtain a no-obligation insurance quote efficiently.

The integration will include a dedicated insurance portal within the Belfry dashboard, making it easier for customers to navigate their insurance options. By utilizing Kayna's technology, Willis can now provide real-time data that facilitates the automatic completion of application forms, sparing users from tedious paperwork and saving time.

Insights from Leaders

Jordan Wallach, Co-Founder and CEO of Belfry, expressed the significance of this collaboration by stating, “At Belfry, we're building an all-in-one platform designed around the day-to-day realities of running a security company. One of those realities is how difficult managing business insurance has been.” This partnership aims to alleviate those difficulties, ensuring that security operators can focus on their essential tasks with confidence.

Paul Lubbers, the Head of US Affinity at Willis, echoed these sentiments, noting the importance of tech-enabled insurance solutions. He commented, “Together, we aim to accelerate quoting and minimize premium audit risk, both of which are critical pain points in the security industry.” This shared commitment to enhancing the user experience promises to transform how insurance is perceived within the security sector.

Kayna's Role in the Partnership

Kayna plays a crucial role in this endeavor by providing the technological backbone necessary for this integration. Co-Founder and CEO Paul Prendergast highlighted that Belfry is taking the lead in delivering data-driven insurance solutions to their customers. The combination of experienced underwriting from Willis and advanced technology from Kayna is set to create a substantial impact on the market.

Conclusion

As the physical security industry continues to evolve, partnerships like the one between Belfry, Willis, and Kayna signal a positive change. By streamlining the insurance acquisition process, these companies are paving the way for more efficient operations within the security sector. For security providers looking to enhance their business practices, this new program is not only a step forward—it's a leap into the future of insurance in the physical security domain.

For further details on this innovative program and how it can benefit security firms, visit Belfry's official website.