KYND stands out as a provider of advanced cyber risk management technology and services. On the other hand, Nirvana is a specialty Managing General Agent (MGA) based in the UK, known for its niche expertise.
The decision to collaborate arises from the imperative need to confront the rising occurrences of cyber threats, such as ransomware attacks, data breaches, and phishing incidents. The insurance industry now recognises the urgency of accessing timely cyber intelligence to make informed decisions regarding digital risks. This alliance between Nirvana and KYND addresses this challenge head-on, aiming to enhance the precision and efficacy of underwriting in today’s digital age.
KYND has always been on the vanguard of demystifying intricate cyber risks, making them easier to comprehend and manage. Their unique approach offers a refreshing blend of InsurTech products tailored to businesses of varying sizes and from diverse sectors across the globe. Additionally, KYND’s tools support swift cyber policy sales, streamline renewals, control client risk, and provide immediate insights into cyber risk profiles, all while continuously monitoring and alerting users about potential threats.
Nirvana, as a specialty Managing General Agent, has carved a reputation for itself by delivering exceptional service in the cyber underwriting space. With a focus on integrating innovative technologies and techniques, they constantly strive to adapt and stay ahead in the ever-evolving landscape of cyber risks.
The partnership will provide Nirvana’s underwriting team with access to KYND Signals Client Reports. This latest initiative from KYND offers an insurance-centric view of an organisation’s cyber risk profile, spotlighting crucial risk indicators pivotal to the underwriting process. This collaboration intends to reinforce Nirvana’s assessment protocols, preserving their portfolio’s quality, and pre-emptively addressing potential losses. Furthermore, the insights from these reports can guide prospective insured companies to bolster their cyber defences.
The insurance industry’s evolution has underscored the necessity for adept underwriting processes. This partnership serves as a testament to the industry’s commitment to leveraging cutting-edge technology to address its challenges.
KYND CEO and Founder Andy Thomas said, “We extend a warm welcome to Nirvana as the latest member of our valued client community. At KYND, our foundational mission has been to provide businesses with the tools and intelligence they need to confidently navigate the digital landscape. We’re delighted that Nirvana has chosen KYND as their partner to further enhance their cyber capabilities and look forward to arming Nirvana’s underwriters with actionable insights for more astute risk selection. This, in turn, will pave the way of a more resilient portfolio, sustainable growth and enhanced book value.”
Nirvana’s Executive Chairman and Head of Media, Technology and Cyber Rob Jones commented, “In today’s complex and dynamic risk environment, we’re excited about the transformative potential this new partnership holds. Integrating KYND’s insight into our cyber arsenal will not only support the sustainable and profitable growth of our cyber portfolio, but will also become an integral component in aiding our customers to strengthen their digital defences and mitigate risks before they escalate into cyber incidents.”
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