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KYND launches cyber risk management services for insurers

By Gloria Methri

March 01, 2024

  • Cyber insurance
  • Cyber Risk
  • Exposure Management
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KYND, Exposure Management, Cyber Risk Management, RiskTech, UK, EuropeKYND Limited, a specialist in cyber risk management, has launched a new Exposure Management solution. Powered by KYND’s risk intelligence and combining aggregation risk insights with granular cyber disaster scenarios, the new solution enables insurers to evaluate and manage the accumulation and catastrophe exposure across their portfolios.

KYND’s newly launched Exposure Management has been designed with insurers in mind to successfully meet the needs of the rapidly growing market. Delivered via an interactive and adaptive model, KYND harnesses its industry-leading, proprietary data on portfolio organisations’ cyber footprint and exposure, steering away from reliance on market statistics and assumptions.

This innovative approach empowers insurers to proactively manage accumulation risks within their portfolios by leveraging KYND’s deterministic catastrophe modelling and loss projections.

As a result, insurers can swiftly attain an accurate assessment of potential cyber incidents in their portfolio, seamlessly model the impact of customisable cyber disaster scenarios, and enhance capacity through improved risk and accumulation communication with providers.

Andy Thomas, CEO of KYND, said, “Rather than a ‘black box’ model, we provide complete transparency into the data and logic behind our exposure analysis. By allowing partners to explore actual vulnerabilities and realistic disaster situations flexibly, we offer unparalleled clarity of risk exposure and accumulation that facilitates a better understanding of loss potential and empowers optimised risk management strategies, ultimately supporting the creation of a more sustainable cyber insurance market. Insurance carriers urgently need new ways to understand their level of risk, and we’re delighted to say that KYND’s latest development represents a groundbreaking leap forward that combines precision, granularity, and adaptability to meet this need.”

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