Kynd Limited, a provider of pioneering cyber risk management solutions, has announced that global (re)insurance broker, Ed Broking, has become the newest member of the successfully expanding Kynd Broker Programme. Through this partnership, Ed Broking’s insurance specialists will benefit from greater visibility into their clients’ cyber risk exposure and exclusive suite of cyber services and tools, that will enable them to effectively drive and support the rapidly evolving cyber insurance market.
According to a Cyber Insurance Market Report, 2020, the global cyber insurance market size in the post-COVID-19 projection is expected to grow from $7.8billion in 2020 to $20.4 billion by 2025. The key factors driving the market include the rapidly growing number of cybersecurity incidents resulting in huge financial losses, reputational damage, and stringent government regulations towards the adoption of cyber insurance policies.
Being aware of this rapidly increasing demand, the Broker Programme has been specifically designed to give its members a head-start in harnessing the fast-growing market. It combines Kynd’s in-depth cyber expertise, seamless 360-degree sales support, and advanced, yet easy-to-use cyber risk management technology to enable brokers to promptly identify, present, and best address the cyber risks facing their clients.
Andy Thomas, CEO, said: “We’re are very pleased to welcome Ed Broking as the newest member of the Broker Programme. With today’s rapid technological advancement, keeping up with the equally evolving threat landscape can be particularly challenging for businesses. To accomplish this, we enable our partners to take full advantage of complete visibility and a clear understanding of the cyber risks their clients are facing. And we’re here for them every step of the way towards making cyberspace a safer place for businesses to thrive.”
Henry Warner, Ed Broking’s Divisional Director – Head of Cyber, Professional & Executive Risk, said:
“At Ed Broking, we strive to always be at the forefront of the industry, and it also involves being able to effectively address emerging challenges for our clients. Kynd’s extensive industry expertise and their innovative cyber risk management products perfectly complement our efforts and support us greatly in delivering on our value proposition which extends beyond simply placing an effective insurance policy.”