Cyber risk technology developer KYND has formed a partnership with global broking company Brokerslink, which sees it deploy its platform to reduce cyberattack exposures.
As part of the deal, Brokerslink customers will gain access to KYND’s cyber risk technology and advisory support designed to help brokers better prepare clients for successful cyber insurance applications and reduce their exposure to cyberattack.
Clients will be able to increase sales of new cyber insurance and secure existing cyber renewals, despite a hardening market, it said.
Brokerslink business development and partnerships director Anne Collette said, “We’re pleased to welcome KYND as our cyber risk management partner and as one of the founding members of Brokerslink’s B.tech programme.
“KYND offers a truly impressive suite of powerful technology, unique cyber risk insights and extensive industry expertise that goes beyond simply enabling brokers to help their clients secure cyber coverage. Their solution delivers confidence, ease, and speed in taking control over complex and ever-growing cyber risk across the whole cyber insurance value chain.”
Brokerslink, which was incorporated in 2004 in Switzerland, is an independent insurance broker and risk consultant. It has an active presence in over 120 countries.
KYND CEO and founder Andy Thomas said, “Combining KYND’s leading cyber risk insurance tech and services with BrokersLink’s extensive, world-renowned network felt a natural progression for us.
“With cyber risk being one if not the most dynamic business perils of today, brokers must adapt to its ever-evolving nature and the increased scrutiny their clients will be subject to when trying to secure or renew cyber insurance policies. We, therefore, look forward to working together with Brokerslink members to help them more easily meet the needs of both their clients and insurers and successfully harness this fast-growing market opportunity.”
The company recently released its industry-first KYND Ready for Brokers service. This solution enables brokers to successfully and quickly secure cyber coverage for clients and improve cyber risk profiles.
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