KYND Limited, a British cyber risk solutions provider, has officially launched in the United States. This expansion aims to address the growing need for actionable cyber risk analysis within the U.S. insurance industry.
“KYND’s technology is built with one purpose in mind: to demystify cyber risk management,” said Andy Thomas, CEO and Co-Founder of KYND. The company’s platform helps cyber insurers and brokers assess and understand the cyber risk profiles of individual organizations and the exposures within their portfolios through a simple, actionable system.
The current cyber insurance landscape requires improved cyber risk analysis for a more efficient and profitable ecosystem. Insurers need to streamline cyber risk analysis processes while reducing cyber-related claims. Brokers aim to simplify the process of selling and renewing cyber insurance policies to grow their businesses.
KYND offers a suite of solutions tailored to the needs of insurers, underwriters, and brokers.
These solutions include:
- Pricing policies accurately, enabling insurers to make well-informed underwriting decisions.
- Avoiding adverse selection by identifying vulnerabilities that could lead to losses and claims.
- Reducing loss ratios by identifying and resolving critical vulnerabilities.
- Providing multilingual reports, available in English, French, Spanish, German, and Italian.
- Offering transparent, actionable risk insights instead of scores.
The U.S. launch comes at a crucial time as businesses worldwide deal with the recent CrowdStrike tech outage, highlighting the need for effective cyber risk mitigation solutions. “Few organizations outside of the largest enterprises can easily navigate challenges like this,” said Manu Singh, KYND’s Head of Cyber. KYND’s initial data reveals that the CrowdStrike outage impacted approximately 2.5% of enterprise organizations listed on major global stock exchanges.
“Insurers are preparing for an influx of claims, and KYND partners can quickly analyze their exposure to this global event,” Singh continued.
Source: KYND Launches US Cyber Risk Analysis for Insurers
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