Cyber risk management solution developer KYND has named Ed Broking, a global (re)insurance broker, as the latest member of its growing KYND Broker Programme.
Through this partnership, Ed Broking’s insurance specialists will benefit from greater visibility into their clients’ cyber risk exposure. They will also have access to an exclusive suite of cyber services and tools that will help them support the cyber insurance market.
The need for tools to handle cybersecurity incidents is rising. The global cyber insurance market is expected to reach $20.4bn by 2025, according to the Cyber Insurance Market Report 2020. KYND believes the key driving force behind this is the rising number of cybersecurity incidents.
KYND CEO Andy Thomas said, “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 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.”
The KYND Broker Programme was designed to provide members with “a head-start in harnessing the fast-growing market.” It combines KYND’s cyber expertise, a 360-degree sales support and advanced cyber risk management technology.
Its platform ensures brokers can quickly identify, present and best address cyber risks facing their clients.
Ed Broking divisional director Henry Warner said, “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.”
Last year, KYND added international specialist insurance broker Paragon as a member of its KYND Broker Programme.
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