Kayna Launches AI-Powered Risk Manager to Automate Insurance Compliance for Franchises

Kayna has launched Risk Manager, its real-time, stand-alone risk management module that analyses policy detail, flags coverage gaps and drives insurance sales to support compliance demands.

The award-winning Irish InsurTech developed the solution as a value-add tool for franchise, marketplace and VSaaS platforms, providing enterprise risk managers and teams with access to live risk intelligence designed to minimise third-party risk exposure. The move aligns with Kayna’s foundational commitment to bridge the industry-wide insurance protection gap with novel, data-driven InsurTech innovation.

How the Kayna Risk Manager solution works:

• Simple portal access.
• Uniquely, the solution reads the policy, endorsements and contracts once, properly, and pulls every exclusion, definition and limit into a clean organised record with the original clause numbers intact. It checks the policy wording against the clause that requires it and confirms whether it satisfies the contract. After that, every check that’s triggered, e.g., against a franchise agreement, contract, or specific client requirement, reads off that consistent record instead of repeatedly tracking through the PDF in a fresh search each time.
• Kayna operates as a standalone AI tool or complements any existing certificate of insurance tracker by operating as the policy-level analysis layer.
• Every finding includes a citation per vendor showing the exact clause from the policy it was tested against, so the audit path is transparent and timestamped. Where the model can't read something clearly, it raises a query rather than guessing.
• Full portfolio dashboard details coverage gaps by insurance product and franchisee or vendor type.
• Efficiencies range from time savings on review costs for risk, legal and broker teams to reducing risk exposure by identifying vendor coverage gaps before a claim is filed, not after.

Kayna Risk Manager is currently live in multiple group insurance programs including a US retail franchise network of 260 locations. Its successful activation across the network commenced with a comprehensive analysis of 3,000 insurance policy documents (more than 10 per franchisee) completed in a single day. The output led to a full insurance risk report detailing everything from high-level network compliance status to granular insights per franchisee, allowing the internal risk team to escalate coverage gap closures and timely remediation.

"Kayna Risk Manager is already delivering as a ground-breaking new element in our product portfolio. Being live in the US has allowed us to secure key measurable proof points as we typically find the real compliance rate drops to between 20-25% once our tool assesses vendors that were previously reported as compliant. That’s hugely compelling, particularly for risk managers within large franchise networks and platforms that carry the liability for vendor and subcontractor compliance. This is the start of a new and exciting product pathway for our business." said Paul Prendergast, Co-Founder and CEO of Kayna.

"We discovered that trackers do one job really well. They file the certificate and flag when it expires. What they can't do is read the actual policy behind the certificate. So a tracker will tell you a vendor is compliant even when the endorsement naming the required 'additional insured' quietly dropped off at their last renewal. Kayna goes further. Our tool goes beyond an existing tracker to deliver a full policy-level analysis layer that also verifies accuracy - that’s the game-changer!" said Peter Bermingham, Co-Founder and CTO of Kayna.