14.5 C
Manchester
Friday, April 25, 2025
BusinessKYND Honoured by CNBC as a Premier InsurTech Enterprise

KYND Honoured by CNBC as a Premier InsurTech Enterprise

KYND Limited, a leader in cyber risk management, is thrilled to announce its recognition in the inaugural CNBC World’s Top InsurTech Companies 2024 list. This honour, bestowed by CNBC and independent research firm Statista, signifies another major achievement for KYND, underlining its swift growth and expanding influence in shaping the future of the insurance market with next-generation cyber risk intelligence, which facilitates informed and prompt decision-making within the cyber insurance ecosystem.

Following an in-depth analysis and assessment of overarching and segment-specific KPIs for more than 1,000 global InsurTech companies, CNBC and Statista have highlighted the top 150 performers across six distinct market segments, with KYND being recognised in the Underwriting and Risk Analysis category. This category encompasses companies utilising advanced data analytics, machine learning, and other technologies to streamline underwriting, enhance risk assessment, and improve decision-making.

In response to the global surge in corporate cyber attacks, KYND provides robust support to insurers at every stage of the cyber insurance lifecycle. KYND’s proprietary technology identifies “red risks” facing insured and prospective organisations, referring to externally visible critical cyber vulnerabilities that are highly correlated with losses and claims. Since its inception, KYND has been at the forefront of revolutionising cyber risk management for its global insurance clients, pinpointing critical risks within their portfolio organisations. This dedication and cutting-edge approach 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 industry standard, enabling insurers to overcome challenges in accurate risk profile assessment, make better-informed and profitable underwriting decisions, and continue supporting their insureds in maintaining resilience throughout their policy duration.

“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, visit: https://www.kynd.io/

News Desk
News Deskhttps://www.businessmanchester.co.uk/
The Business Manchester News Desk team is a collective of experienced journalists and editors dedicated to delivering comprehensive business news and insights from the Manchester area and beyond. With a strong background in finance, technology, property, and innovation, our team ensures that our readers stay well-informed about the latest trends and developments in the business world. Through in-depth reports and insightful analysis, the Business Manchester News Desk team is committed to providing high-quality journalism to its audience.
Latest

Vehicle crime in Greater Manchester down 27 per cent, reports show

Vehicle-related crime across Greater Manchester has seen a reduction of 27 per cent, according to new figures. During September 2023 and March 2024, Greater Manchester...

Advance train tickets now available on TransPennine Express machines

Advance train tickets are now available for customers to buy using TransPennine Express (TPE) ticket machines. Advance train tickets are single, one-way tickets purchased in advance...

Planning pressures pushing firms to the brink, property expert warns

Planning pressures set UK developers up for failure, pushing more firms to the brink, Landwood warns. UK developers are abandoning unfinished projects as cashflow pressures...

DVLA bans more than 500 new number plates

A Freedom of Information request made by private plate supplier Regtransfers reveals the banned number plates from the forthcoming  ‘75’ release. These latest plates will...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Police appeal following serious assault in Bramhall

Detectives are seeking the public’s help with enquires after a serious assault took place in a bar in Stockport. Sometime around 12.40am on April 19,...

Cellcycle and Kerry Logistics Partner to Strengthen Sustainable Battery Supply Chain in the UK

UK-based battery recycling expert Cellcycle, part of the SER Group, has signed a Mutual Cooperation Agreement with Kerry Logistics (UK), a member of the...

Free Middlewood Locks Fest returns for a second year

The second annual canal-side festival at the award-winning Middlewood Locks neighbourhood in Salford is returning next month with fun-packed programme for all the family. From...

St George’s Day parade returns to Manchester

The St George's Day Parade, a beloved fixture in Manchester's event calendar for nearly two decades, returns on April 27 with its vibrant celebration...

More News

Switch Roles Unveiled: The Job Board Changing How Retail Recruits

Retail and hospitality recruitment is being reimagined with the arrival of Switch Roles, a next-generation platform built by those who know the industry inside...

Cellcycle and Kerry Logistics Partner to Strengthen Sustainable Battery Supply Chain in the UK

UK-based battery recycling expert Cellcycle, part of the SER Group, has signed a Mutual Cooperation Agreement with Kerry Logistics (UK), a member of the...

Giant creative tech campus to launch in June

Campfield - a ground breaking creative tech campus that aims to change the workspace landscape in Manchester - is being launched in June. Located in...