What's Happening?
Willis, in partnership with Kayna and Kwant, has launched KwantSure, a digital insurance program embedded within Kwant's workforce management platform. This program allows subcontractors to access necessary insurance coverage directly through the platform used
by general contractors for workforce operations and certificate of insurance tracking. KwantSure aims to streamline the insurance procurement process, enhance compliance visibility, and reduce administrative burdens for subcontractors. The program offers various coverages, including General Liability and Workers’ Compensation, and is designed to improve risk management and project compliance in the construction industry.
Why It's Important?
The introduction of KwantSure represents a significant advancement in the integration of digital solutions within the construction industry. By embedding insurance procurement into workforce management platforms, the program simplifies compliance processes and reduces the time and effort required for subcontractors to obtain necessary coverage. This innovation enhances operational efficiency and risk management for both subcontractors and general contractors. The partnership aligns with Willis' strategic focus on delivering tech-enabled insurance solutions, potentially positioning the company as a leader in the digital insurance space within the construction sector.
