KYND Limited, a prominent provider of cyber risk management solutions, has been honoured once again in Fintech Global’s esteemed list of the top 100 InsurTech companies for 2024. This marks the fourth consecutive year that KYND has secured a place in this exclusive roundup, reinforcing its standing as an innovator in delivering actionable, accurate cyber risk intelligence to the insurance sector. The list highlights the world’s most prominent innovators within the InsurTech space, and KYND’s inclusion is a testament to its ongoing commitment to helping insurers confidently navigate the increasingly complex and dynamic cyber threat landscape.
A Trusted Partner for Cyber Risk Management
Founded in 2018, KYND set out with a clear mission: to enable organisations to see, understand, and manage the cyber risks that are most relevant to them. Since its inception, the company has become a trusted partner for the insurance industry, equipping insurers with market-leading risk intelligence. KYND’s platform provides insurers with accurate, actionable insights that help them assess cyber risk across portfolios, allowing them to make better-informed, more profitable underwriting decisions.
One of KYND’s distinguishing features is its focus on identifying and addressing critical vulnerabilities actively targeted by attackers. Through this focus, KYND enables insurers to gain a comprehensive understanding of the risks their clients face and provides insured organisations with immediate notifications regarding potential exposures, complete with clear remediation advice. This proactive approach allows businesses to mitigate risks swiftly, safeguarding their assets and reducing the likelihood of costly claims.
Innovative New Exposure Management Solution
This year, KYND introduced its new Exposure Management solution, which adds another layer of intelligence to its already comprehensive suite. Powered by KYND’s advanced risk intelligence, this tool combines detailed aggregation insights with tailored, granular cyber disaster scenarios. It provides insurers with greater accuracy when evaluating and managing exposure to accumulation and catastrophes across portfolios.
The need for such solutions was starkly highlighted by a recent IT disruption, which underscored the vulnerabilities of Single-Point-of-Failure (SPoF) technology outages. KYND’s insights have always been essential in understanding risk concentrations and potential losses, and this event highlighted the importance of having multidimensional, factual exposure visibility for the future sustainability of the cyber insurance market.
A Recognition of Continuous Innovation
KYND’s CEO and Founder, Andy Thomas, expressed pride in the company’s recognition, stating, “Being recognised for the fourth consecutive year is a reflection of KYND’s pursuit of innovation and its ability to evolve alongside the shifting needs of our partners. As cybercrime grows increasingly sophisticated, the pressure on the insurance sector to adapt and evolve is immense.”
He added, “At KYND, we are dedicated to delivering comprehensive cyber solutions that empower our partners to confidently navigate this evolving landscape and seize new growth opportunities.” This commitment not only drives success for our partners but also strengthens resilience across the corporate world in an ever-changing risk environment.”
Shaping the Future of Cyber Insurance
Richard Sachar, CEO of Fintech Global, noted, “The InsurTech100 is a vital resource for industry leaders looking to stay ahead of the curve. The companies on this list are driving real innovation, helping insurers navigate the complexities of digital transformation in the marketplace. The tools they provide are reshaping the future of insurance.”
Since its last inclusion in the InsurTech100, KYND has continued to develop next-generation solutions, further solidifying its position at the forefront of cyber risk management within the insurance sector. In addition to its ongoing innovation, the company has also expanded significantly, including its official launch in the United States.