KYND Limited, a leader in the field of cyber risk management, has been named in Fintech Global’s prestigious Top 100 InsurTech list for 2024. This annual list recognises the world’s leading innovators in the InsurTech industry, and KYND’s inclusion for a fourth consecutive year reaffirms its position as a top provider of cyber risk intelligence to the insurance sector, helping insurers navigate an increasingly complex risk landscape.
Since its founding in 2018, KYND has made it its mission to help organisations understand and manage their most pressing cyber risks. By leveraging KYND’s advanced portfolio risk intelligence, insurers are armed with precise and actionable insights that allow them to assess and address cyber risks across their portfolios, ultimately enabling more informed and profitable underwriting. In addition, KYND’s service focuses on critical vulnerabilities targeted by attackers, ensuring insureds are notified of exposures in real-time with clear recommendations for mitigation.
This year, KYND launched its new Exposure Management solution. Backed by KYND’s leading risk intelligence, this solution provides comprehensive aggregation risk insights and bespoke cyber disaster scenarios, giving insurers a more accurate way to evaluate and manage catastrophe and accumulation exposures. The recent widespread disruption caused by a Single-Point-of-Failure (SPoF) technology incident highlighted the importance of KYND’s approach to risk concentration and potential losses, underscoring the need for robust, factual exposure visibility to sustain a healthy cyber insurance market.
Andy Thomas, KYND’s CEO and Founder, commented: “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, added: “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.”
Over the past year, KYND has continued to expand its product offerings, including its official entry into the US market, as part of its mission to revolutionise cyber risk management in the insurance industry. For more details on KYND’s solutions, visit here.