PRESS RELEASE: KYND announces expansion into the US insurance market to tackle cyber risk head-on
KYND named in the world’s Top 100 InsurTech companies for second consecutive year
FinTech Global has unveiled the fourth annual InsurTech100 – a global list of 100 companies that outlines the most innovative and influential solution providers addressing the digital transformation challenges and opportunities within insurance.
KYND Limited, a leading provider of pioneering cyber risk management solutions, today announced its inclusion into this year’s elite InsurTech100 directory commissioned by specialist research firm FinTech Global. This is the second year in a row that KYND features on the annual list acknowledging pioneering tech solution providers successfully reshaping the world of insurance globally.
KYND has been recognised, in part, for its advanced KYND Signals cyber risk technology and expert cyber advisory support that enable simplified and accelerated cyber underwriting in today’s exponentially growing market, whilst enhancing customer experiences and reducing associated costs.
Only recently launched in spring 2021, the ground-breaking KYND Signals has quickly gained the trust of some of the most influential players in the insurance field. Equipped with its real-time intelligence on both quantitative and qualitative risk factors of prospective insureds, and continuous assessment of the risks across their entire portfolio, insurers can now quickly and accurately evaluate new and renewing businesses to provide them with the best policy terms and prices. In addition, the insureds can use the same analysis to effectively address existing cyber vulnerabilities and subsequently bolster their business’ cyber resilience throughout their policy lifecycle.
Andy Thomas, KYND’s CEO, commented: “The ever-evolving nature of cyber threats and the rapid pace of change in the digital space make cyber risks particularly difficult to keep up with in real time for both insurers and businesses alike. And that’s exactly where KYND’s game-changing cyber risk management solutions step in, enabling them with the insight, intelligence, and – ultimately – the advantage they need to confidently navigate the cyber threat landscape. Being once again named in the top 100 InsurTech list is not just an incredible honour, but it’s also a fitting testament to the powerful, yet easy-to-use KYND technology, the hard work of our team, and the value of strong partnerships we’ve built with our clients.”
FinTech Global director Richard Sachar said: “Consumers and businesses increasingly expect insurance cover to be offered via a range of digital and offline channels, and insurers that fail to keep up with the latest technologies and innovation will be less competitive and lose market share over time. The InsurTech100 list helps senior decision-makers in the industry filter through all the vendors in the market by highlighting the leading companies in sectors such as underwriting, pricing, IoT devices, distribution 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.
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