KYND Limited, a leader in cyber risk management, today announced its inclusion in Fintech Global’s prestigious list of the top 100 InsurTech for 2024,
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This marks the fourth consecutive year KYND has earned a spot on the annual roundup of the world’s foremost innovators in the InsurTech space. It solidifies its position as a leader in delivering actionable, accurate cyber risk intelligence to the insurance industry and supporting insurers in underwriting and managing cyber with confidence in a dynamic threat landscape.
Founded in 2018 with a mission to help organisations see, understand and manage the cyber risks that matter to them, KYND has become a trusted cyber risk management for the insurance industry. Harnessing its market-leading portfolio risk intelligence, KYND arms insurers with targeted, accurate and actionable insights to identify and assess cyber risk risk across their portfolios and make better-informed, profitable underwriting decisions. By focusing on the most critical vulnerabilities that are actively targeted by attackers, KYND also instantly notifies insureds about potential exposures, along with clear remediation advice, enabling them to promptly mitigate issues.
This year, KYND has launched its new Exposure Management solution. Powered by the company’s market-leading risk intelligence and combining best-in-class aggregation risk insights with bespoke, granular cyber disaster scenarios, it enables insurers to more accurately evaluate and manage accumulation and catastrophe exposure across their portfolios. A recent widespread IT disruption underscored the ramifications for the global economy of a Single-Point-of-Failure (SPoF) technology outage. KYND’s insights have always been crucial for a better understanding of risk concentrations and loss potential, and this incident only highlighted the need for the multidimensional, factual exposure visibility required for a sustainable cyber insurance market.
KYND’s CEO and Founder, Andy Thomas, said: "Being recognised for the fourth consecutive year is a reflection of KYND’s pursuit of innovation aided by its ability to evolve alongside the shifting needs of our partners. As cybercrime grows more sophisticated, the pressure on the insurance sector to adapt and evolve is immense.
"At KYND, we are committed to providing our partners with the best end-to-end cyber suite to confidently navigate this complex landscape and unlock new growth opportunities. This not only drives success for our partners, but also ensures the corporate world remains resilient in an ever-changing risk environment.”
Richard Sachar, CEO of Fintech Global, said: “The InsurTech100 is a vital resource for industry leaders looking to stay ahead of the curve. The companies that have worked their way onto the list are driving real innovation and providing the tools insurers need to navigate the complexities of digital transformation in this dynamic marketplace. As industry leaders refine their technology strategies, these companies are playing a pivotal role in shaping the future of insurance. The solutions they offer - ranging from artificial intelligence and machine learning to telematics - are changing the game across the sector.”
Since its inclusion in the InsurTech100 last year, KYND has worked extensively to develop next-generation solutions to reimagine an existing approach to cyber risk within the insurance industry and has undergone rapid expansion including its official launch in the United States. For more information about KYND and its cyber risk management solutions, visit here.
About the company: KYND is on a mission to make complex cyber risks easy to understand and manage. KYND’s pioneering technology makes assessing, understanding, and managing cyber risks easier and quicker than ever before and is used by insurers, brokers, and their clients. Recognising one size doesn’t fit all, KYND has designed made-to-measure InsurTech products that works for any size business, from any industry, anywhere in the world. KYND’s unparalleled cyber-risk management tools not only enable accelerated sales of cyber policies, speeds up renewal and helps control client risk but also supports better underwriting decisions by removing complexity, providing instant insight into cyber risk exposure while mitigating insured’s risk exposure with continuous monitoring and alerts.
Contact Info:
Name: Melanie Hayes
Email: Send Email
Organization: KYND
Website: https://www.kynd.io/
Release ID: 89143424
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