PRESS RELEASE: KYND named as one of the Top Global InsurTech100 companies for 2020
FinTech Global has announced the world’s Top 100 InsurTech companies making the most profound impact on transforming and accelerating the insurance industry.
KYND Limited, a provider of industry-leading cyber risk management products, has today been announced as one of the most notable InsurTech innovators globally, and makes its debut in the elite InsurTech 100 list for 2020.
Organised by Fintech Global, a specialist data and research firm, the prestigious annual nomination recognises the world’s most progressive companies by their pioneering use of technology aimed at solving the most pressing challenges faced by the insurance industry and supporting the exponential growth of the sector through digital transformation.
Shortlisted from a long list of over 1,000 businesses, KYND has been particularly highly recognised for its latest initiative in transforming the ever-growing industry for the benefit of both insurers and their clients – the KYND Broker Programme. Since its launch in 2020, this trailblazing programme has grown rapidly. It harnesses KYND’s pioneering cyber risk technology and unique cyber expert insights to equip its members with the tools, resources and support they need to provide the best possible insurance advice and solutions to their clients and, ultimately, accelerate the sales of cyber insurance policies.
Andy Thomas, KYND’s CEO, comments “We’re so proud that KYND has been recognised by such a high-profile panel and from over a 1000 companies as a business driving change in the InsurTech space. It’s a fitting testament to our focus on the needs of our partners and on supporting them to help their clients to see and understand the cyber risk they are facing. This creates the perfect opportunity to better present the right insurance options, aimed at effectively addressing tangible needs in a fast-changing environment and create new or broader client relationships.”
The InsurTech industry has grown tremendously over the last three years as insurance companies grapple with the challenges of digital transformation, and more recently, remote communication post Covid-19. Nearly $17bn has been invested in InsurTech companies since the beginning of 2017, according to figures published by FinTech Global.
Richard Sachar, FinTech Global’s director said, “Established insurance companies need to be aware of the latest innovation in the market in order to remain competitive in the market post Covid-19 which is heavily focused on digital distribution and increased use of customer data. The InsurTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as underwriting, pricing, IoT devices, customer experience and data & analytics.”
About FinTech Global
FinTech Global offers the most comprehensive data, the most valuable insights and the most powerful analytical tools available for the global FinTech industry. We work with market leaders in the FinTech industry – investors, advisors, innovative companies and financial institutions – and enable them to get the essential intelligence they need to make superior business decisions.
The InsurTech 100 is an annual list of 100 of the world’s most innovative InsurTech companies. These are the companies every insurance company needs to know about as they consider and develop their digital transformation strategies. A full list of the InsurTech100 can be found at www.TheInsurTech100.com. More detailed information about the companies is available to download for free on the website.
Founded in March 2018 and headquartered in London, KYND is a new breed of cyber company. KYND makes complex cyber risks simple to understand and manage for every organisation, regardless of size, means or industry sector.