13 new high-skilled jobs are to be created over the next two years at the Cork-based InsurTech company Kayna, as it accelerates its expansion into the US and UK insurance markets.
Offering a platform that aims to simplify and embed insurance at the point of need, targeting underserved SME sectors such as construction, hospitality, and legal services, the company was founded by local entrepreneurs Paul Prendergast and Peter Bermingham.
Kayna has announced plans to begin hiring software engineers and business development specialists to support its growth plans. Founded in 2021, the company is the third start up from its co-founders, whose previous ventures in the sector have achieved international scale. Backed by €1 million in funding and a partnership with multinational broker Willis Towers Watson (NASDAQ: WTW), their team will remain rooted in Cork, a city Mr. Prendergast describes as “central” to their entrepreneurial journey.
Minister of State with responsibility for Financial Services, Credit Unions and Insurance, Mr. Robert Troy T.D., along with representatives from Enterprise Ireland, visited the company headquarters on Friday last for a high-level meeting focused on innovation, international growth, and the role of government support in Ireland’s thriving tech sector.
