Partnerships: KYND & Cytora Team Up on Cyber

KYND Limited, a leading provider of pioneering cyber risk technology and Cytora the digital risk processing platform, have announced a new partnership. It sees the two insurtech innovators working together to create an advanced cyber proposition for underwriters, brokers and clients.

Through this partnership, insurers will now have the capability to automatically embed KYND’s advanced cyber risk management technology within Cytora’s industry leading risk digitisation platform thus enabling improved insights and faster decision-making capabilities.
This “one-stop shop” partnership is a huge step forward towards increasing the accuracy and speed of data-driven assessments and decision-making by underwriters. The advanced technology stack will empower insurers to quickly assess organisations’ risk, while at the same time reducing the reliance on costly, time-consuming manual processes.
The advantage of faster, simpler and better risk processing creates a distinctive competitive advantage, delivering superior service, efficiency, growth and profits across different underwriting channels.
Andy Thomas, KYND’s CEO and Founder commented;

“We are extremely pleased to begin this new partnership with Cytora. In an increasingly automated and data-driven environment, the cyber insurance industry has hit that point where to secure a sustainable advantage in the face of the ever-changing threat landscape, insurers need to maximise their data insights and enhance their underwriting processes.

This partnership and the “one-stop shop” approach gives underwriters the data and support they really need to quickly and easily assess risk in an organisation – delivered with the agility, ease and accuracy needed to succeed in this expanding market.”

Richard Hartley, Cytora’s CEO added;

“The importance of digitising risk flows in the cyber context is gaining momentum. Cyber risk is growing rapidly and requires the combination of multiple data sources to process, evaluate and underwrite effectively. The partnership between Cytora and KYND will enable insurers to deliver streamlined and digital end-to-end cyber risk workflows.”

About alastair walker 10121 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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