In a progressive move towards amplified cyber risk management, KYND, renowned for its advanced cyber risk management technology, has announced a partnership with MDS, a Portugal-based Lloyd’s broker extending into the world’s largest specialised insurance market.
This alliance between the two companies is driven by the aim to enhance client retention and boost the cyber resilience of portfolio organisations. With an increasingly dynamic digital landscape, the partnership will assist clients with the implementation of effective cyber risk management processes.
KYND is on a mission to simplify and streamline the understanding and management of complex cyber risks. Their innovative technology quickens the process of assessing and managing these risks, making it a valuable tool for insurers, brokers, and clients. The firm’s suite of InsurTech products is designed to cater to businesses of all sizes, anywhere in the world. They offer cyber-risk management tools that facilitate the sale of cyber policies, speed up renewals, and aid in controlling client risk.
On the other hand, MDS Group has been providing specialised insurance solutions for over 35 years. As the only Portuguese-speaking Lloyd’s broker, MDS has direct access to the world’s largest specialised insurance market, and an active presence in eleven countries. Their expertise spans emerging and complex risk fields, making them a global authority in the realm of insurance.
This strategic alliance, designed to strengthen the cyber resilience of organisations, is supported by KYND’s powerful cyber risk management technology and advisory services. Their signature START reports will offer MDS’s broking specialists an instant snapshot of an organisation’s risk posture, enabling the provision of bespoke and prioritised remediation advice. This collaboration is expected to not only reduce claims but also improve the overall cyber resilience of MDS’s business portfolio.
KYND CEO and Founder, Andy Thomas said, “We’re delighted to support MDS as they seek to continually reach new heights in their pursuit of raising awareness of the necessity of cyber insurance. As the cyber threat landscape grows and evolves, it’s an honour to partner with a company that seeks to establish trends rather than respond to them, and which values proactive cyber risk management that betters the cyber health of their clients. We’re looking forward to this partnership pushing visibility of digital threats and boosting cyber resilience in an uncertain cyber environment.”
Pedro Pinhal, technical and claims director of MDS Group, echoed these sentiments, stating, “At MDS we value above all else being able to serve as a trusted advisor to our customers, and we have partnered with KYND because at the core of their business is actionable risk intelligence designed to help organisations improve their cyber defences while accessing cyber insurance at the best terms and price. In an increasingly competitive environment, utilising KYND will help us select the right cyber risks to take on as we seek to win more clients and drive client retention, as well as further enhance our insurance offering to help our clients help themselves.”
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