PRESS RELEASE: KYND recognised as Global Top 100 InsurTech for fourth consecutive year

Specialist research firm Fintech Global has announced the 100 companies revolutionising the global insurance industry in 2024, and KYND is proudly among them.

KYND Limited, a leader in cyber risk management, today announced its inclusion in Fintech Global’s prestigious list of the top 100 InsurTech for 2024, an annual roundup of the world’s foremost innovators in the InsurTech space. This marks the fourth consecutive year KYND has earned a spot on the annual list, solidifying its position as a leader in delivering actionable, accurate cyber risk intelligence to the insurance industry and supporting insurers in underwriting and managing cyber with confidence in a dynamic threat landscape.

Founded in 2018 with a mission to help organisations see, understand and manage the cyber risks that matter to them, KYND has become a trusted cyber risk management for the insurance industry. Harnessing its market-leading portfolio risk intelligence, KYND arms insurers with targeted, accurate and actionable insights to identify and assess cyber risk risk across their portfolios and make better-informed, profitable underwriting decisions. By focusing on the most critical vulnerabilities that are actively targeted by attackers, KYND also instantly notifies insureds about potential exposures, along with clear remediation advice, enabling them to promptly mitigate issues.

This year, KYND has made remarkable strides with the launch of its new Exposure Management solution. Powered by the company’s market-leading risk intelligence and combining best-in-class aggregation risk insights with bespoke, granular cyber disaster scenarios, it enables insurers to more accurately evaluate and manage accumulation and catastrophe exposure across their portfolios. A recent widespread IT disruption underscored the ramifications for the global economy of a Single-Point-of-Failure (SPoF) technology outage. KYND’s insights have always been crucial for a better understanding of risk concentrations and loss potential, and this incident only highlighted the need for the multidimensional, factual exposure visibility required for a sustainable cyber insurance market.

KYND’s CEO and Founder, Andy Thomas, commented: "Being recognised for the fourth consecutive year is a reflection of KYND’s pursuit of innovation aided by its ability to evolve alongside the shifting needs of our partners. As cybercrime grows more sophisticated, the pressure on the insurance sector to adapt and evolve is immense. At KYND, we are committed to providing our partners with the best end-to-end cyber suite to confidently navigate this complex landscape and unlock new growth opportunities. This not only drives success for our partners, but also ensures the corporate world remains resilient in an ever-changing risk environment.

"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.”

Richard Sachar, CEO of Fintech Global, commented: “The InsurTech100 is a vital resource for industry leaders looking to stay ahead of the curve. The companies that have worked their way onto the list are driving real innovation and providing the tools insurers need to navigate the complexities of digital transformation in this dynamic marketplace. As industry leaders refine their technology strategies, these companies are playing a pivotal role in shaping the future of insurance. The solutions they offer—ranging from artificial intelligence and machine learning to telematics—are changing the game across the sector.”

Since its inclusion in the InsurTech100 last year, KYND has worked extensively to develop next-generation solutions to reimagine an existing approach to cyber risk within the insurance industry and has undergone rapid expansion including its official launch in the United States. For more information about KYND and its cyber risk management solutions, visit here.

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

● Follow KYND on LinkedIn @KYNDCyber

● Follow KYND on Twitter @KYNDcyber

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.