KYND Limited, a frontrunner in the cyber risk management arena, is excited to roll out its innovative Exposure Management solution. This novel tool is powered by KYND’s industry-leading risk intelligence, marrying advanced aggregation risk insights with custom-made, intricate cyber disaster scenarios. It offers insurers a refined tool to assess and mitigate accumulation and catastrophe exposure across their portfolios, leading to more strategic and profitable underwriting decisions.
As the insurance industry increasingly prioritises systemic risk, it faces the hurdle of aligning limited capacity with the soaring demand for cyber insurance. This gap amplifies insurers’ accumulation risk, further magnified by the prevalent modelling challenges faced by industry stakeholders. To inject more capacity into the market and carve out new opportunities, insurers are in need of enhanced insights and innovative modelling approaches to gain a deeper understanding of potential losses, scrutinise risk accumulation, and evaluate their capital exposure.
KYND’s Exposure Management, freshly developed for the insurance market, is poised to meet the growing demands of this rapidly evolving sector. Utilising an interactive and dynamic model, KYND draws upon its proprietary, cutting-edge data concerning the cyber exposure and footprint of portfolio companies, moving beyond the conventional reliance on market statistics and assumptions. This forward-thinking strategy enables insurers to actively address accumulation risks in their portfolios, utilising KYND’s deterministic catastrophe modelling and loss estimates. Insurers can thus rapidly achieve a thorough analysis of potential cyber incidents within their portfolio, effortlessly model the effects of tailor-made cyber disaster scenarios, and enhance capacity by improving risk and accumulation discussions with providers.
Andy Thomas, CEO of KYND, noted: “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 in a flexible way, we offer unparalleled clarity 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.”
