KYND Limited, a trailblazer in cyber risk management, is proud to announce its inclusion in CNBC’s inaugural list of the World’s Top InsurTech Companies 2024. This prestigious recognition, presented in collaboration with leading independent research firm Statista, highlights KYND’s significant achievements and expanding influence in the insurance market. The award underscores the company’s commitment to advancing cyber risk intelligence and facilitating informed decision-making across the cyber insurance ecosystem.
Top Recognition in Underwriting and Risk Analysis
The CNBC and Statista list showcases the top 150 InsurTech companies globally, based on a comprehensive analysis of key performance indicators (KPIs) across various market segments. KYND has been distinguished in the Underwriting and Risk Analysis category. This segment features companies that leverage advanced technologies, such as data analytics and machine learning, to enhance underwriting processes, improve risk assessment, and support better decision-making. KYND’s recognition in this category reflects its innovative approach to managing complex cyber risks and its significant contributions to the insurance industry.
Revolutionising Cyber Risk Management
In response to the global surge in corporate cyber attacks, KYND is dedicated to supporting insurers throughout the cyber insurance lifecycle. The company’s proprietary technology identifies critical “red risks” within insured and prospective organisations. These are externally visible cyber vulnerabilities strongly correlated with potential losses and claims. Since its inception, KYND has been at the forefront of transforming cyber risk management for insurance clients. The company has identified over 28 million high-risk threats, setting a new benchmark in the industry. This extensive insight and intelligence enable insurers to address challenges in risk profile assessment, make informed underwriting decisions, and support their insureds in maintaining resilience.
Enhancing Industry Standards
KYND’s innovative methodologies and commitment to excellence have redefined industry standards for cyber risk management. By providing cutting-edge solutions and actionable insights, KYND helps insurers overcome the complexities of modern cyber threats. The company’s approach not only improves risk assessment and decision-making but also enhances overall industry practices. As cyber threats evolve, KYND continues to lead the way in developing strategies and tools that empower insurers to effectively manage and mitigate risks.
Statements from KYND Leadership
Andy Thomas, CEO of KYND, shared his excitement about the recognition:
Being recognised in CNBC’s first-ever World’s Top InsurTech Companies list is a significant achievement for us. This recognition highlights our innovative use of technology to assist insurers in underwriting and managing the complex risks associated with cyber threats. It is a testament to the dedication and ingenuity of the KYND team and our commitment to delivering exceptional value to our global clients. We are focused on expanding our suite of solutions to make cyber risk more transparent, manageable, and impactful in the industry.
Looking Ahead
As KYND continues to innovate and grow, the company remains committed to advancing the field of cyber risk management. The recognition by CNBC and Statista is a testament to its ongoing efforts to set new industry standards and provide unparalleled value to clients. By staying at the forefront of technological advancements and addressing emerging challenges, KYND is poised to drive further success and shape the future of the cyber insurance market.