PRESS RELEASE: KYND recognised by CNBC as a leading InsurTech company

KYND Limited, a leader in cyber risk management, is proud to announce its recognition on the inaugural CNBC World’s Top InsurTech Companies 2024 list. Presented by CNBC and leading independent research firm Statista, this prestigious recognition marks another achievement for KYND signifying the company’s accelerated growth and expanding market leadership in shaping the future of the insurance market with next-generation cyber risk intelligence, facilitating informed and rapid decision-making across the cyber insurance ecosystem.

Based on the in-depth analysis and weighting of overarching and segment-specific KPIs for over 1,000 global InsurTech companies, CNBC and Statista are showcasing the top 150 performers in six different market segments, with KYND being recognised in the Underwriting and Risk Analysis category. This segment includes companies utilising advanced data analytics, machine learning, and other technologies to streamline underwriting, improve risk assessment, and enhance decision-making.

In the wake of the global surge in corporate cyber attacks, KYND firmly supports insurers at every step of the cyber insurance lifecycle. KYND’s proprietary technology identifies “red risks” facing insured and prospective organisations, meaning externally visible critical cyber vulnerabilities that are closely correlated to losses and claims. Since its inception, KYND has been at the forefront of revolutionising cyber risk management for their global insurance clients to pinpoint such critical risks within their portfolio organisations. This determination, dedication, and cutting-edge methodologies have led to the identification of an unprecedented 28 million high risk threats. By leveraging this immense level of insight and cyber risk intelligence, KYND sets a new standard in the industry, enabling insurers to successfully overcome challenges in accurate risk profile assessment, and make better-informed, profitable underwriting decisions, as well as continuing to support their insureds in maintaining their resilience in-life.

"It’s an honour to be recognised on CNBC’s inaugural World’s Top Insurtech Companies list for our innovative use of technology to help insurers globally underwrite and manage such dynamic risk as cyber. '' said Andy Thomas, CEO of KYND. "This is a true testament to the team and innovation behind KYND’s cyber risk intelligence, working in close collaboration with leading insurance players globally, as we continue to expand our suite of powerful solutions targeted at our mission to make complex cyber risk easy to see, understand and manage – all while delivering unmatched value to our clients.”

For more information about KYND and its cyber risk management solutions, visit https://www.kynd.io/kynd-for-insurers-uk.

About KYND

KYND is on a mission to make complex cyber risks easy to understand and manage. KYND’s next-generation technology makes assessing, understanding, and managing cyber risks easier and quicker than ever before and is used by insurers, brokers, and their clients. Recognizing one size doesn’t fit all, KYND has designed made-to-measure InsurTech products that work for any size business, from any industry, anywhere in the world.

KYND’s unparalleled cyber-risk management tools not only enable accelerated sales of cyber policies, speed up renewal and help control client risk, but also support better underwriting decisions by removing complexity, providing instant insight into cyber risk profile, while reducing the insured’s risk exposure with continuous monitoring and alerts.

For press enquiries, contact: press@kynd.io

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