KYND, Hylant partner to tackle challenges in hardening cyber market

KYND, a London-based provider of cyber risk management solutions for the insurance industry, has partnered with Hylant, a US privately owned insurance broker.

The strategic partnership will allow Hylant’s brokers and clients to gain access to KYND’s cyber suite of tools to tackle the persistent challenges inflicted by the hardening cyber insurance market. These include KYND START, stand-alone reports for instant assessment of an organisation’s attack surface; and KYND READY, the first-of-its-kind risk management initiative specifically designed to accelerate and simplify cyber insurance processes for brokers and their clients.

Hylant’s new, advanced cyber offering will initially be rolled out on an industry basis for education, large-scale manufacturing, and healthcare, which it believes are some of the most susceptible industries to damaging cyber-attacks.

Andy Thomas, KYND’s chief executive officer and founder, said: “Strong reliance upon technology is a requirement for modern businesses to remain agile and competitive, but it also brings increased exposure for organisations to take care of. To help insureds keep pace with today’s dynamically changing threat landscape, there is now the need for a smarter, more effective way to get a handle on cyber risk.

“Through the combined efforts of our advanced technology and services, and their expert team, we’ll enable the U.S. private and public sector organisations to improve their risk profiles, secure the right cyber coverage, and future-proof against the unexpected.”

Alex Clark, vice president of Hylant’s cyber risk practice, commented: “We see this growing relationship with KYND as a key milestone as we move towards our mission, making better-informed and timely decision-making around cyber risk a reality for brokers and insureds alike.”

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