Consilium and KYND: Powering Cyber Resilience in Partnership

Dec 23

The digital landscape is a realm of immense opportunity and unprecedented connectivity, but it is not without its perils. The surge in cyber threats has propelled the need for comprehensive risk management.

In order to fortify cyber growth through risk intelligence, we are delighted to announce a partnership with a leader in cyber risk management, KYND.

The Rise of Cyber Insurance

The cyber insurance market is growing fast and shows no signs of slowing down - projected to soar from $10.3 billion in 2023 to $17.6 billion by 2028.

Yet, amidst this explosive growth, awareness gaps remain. Businesses often fail to properly understand cyber risk, creating a necessity for accurate, up-to-date risk profiles in the ever-evolving threat terrain.

Who is KYND?

KYND’s mission revolves around simplifying the complexity of cyber risks. Their technology empowers insurers, brokers and clients alike by offering unparalleled cyber-risk management tools.

These tools not only accelerate sales and renewal of cyber policies but also support better underwriting decisions and continuous monitoring, reducing clients’ risk exposure.

The Unrivalled Union

Our expertise in bespoke insurance solutions means we can recognise the importance of cyber risk management. Through our new partnership, our insurance brokers can leverage KYND’s industry leading, actionable cyber risk assessments to gain improved visibility into prospective and existing clients’ organisational exposure.

In a world where cyber threats loom large and cyber insurance remains a pivotal shield for businesses, the partnership provides a panoramic view of the risk landscape. The intelligence does not just advocate cyber readiness but fuels sustainable revenue growth through informed conversations and tailored solutions.

Next Generation Solutions

To further enhance our risk management capabilities, we are incorporating START Reports - KYND’s signature instant and non-intrusive vulnerability assessments. We will also harness KYND’s recently launched and highly acclaimed KYND SIGNALS Client Reports.

Andy Thomas, CEO and Founder of KYND emphasises the power this collaboration brings to Consilium. He said,

“We are delighted to welcome Consilium as our newest valued broker partner. As cyber coverage becomes an integral part of every organisation’s overall cyber security strategy, we look forward to equipping Consilium’s broker teams with our powerful risk data.”

Andy Thomas, CEO and Founder of KYND

This data will provide the insight needed to accurately assess an organisation’s exposure, emphasising the importance of cyber insurance. Andy continued, “All of this while supporting Consilium in further solidifying their position as a trusted risk advisor to their clients.”

Tom Abbotts, Associate Partner, Cyber, Tech and Fintech at Consilium, echoes this sentiment. Keen to help businesses navigate this particular landscape with confidence, Tom said,

“We are excited to partner with cyber risk experts KYND, whose actionable and intelligible risk intelligence will bolster our bespoke insurance solutions and specialised guidance on risk management.”

Tom Abbotts, Associate Partner, Cyber, Tech and Fintech

Our shared commitment to empowering businesses ensures we navigate the digital sphere with the confidence and clarity that the landscape fiercely demands. We are looking forward to the future and our new partnership.