KYND Limited, a leading provider of advanced cyber risk management technology and services, has unveiled a strategic partnership with Nirvana, a UK-based specialty Managing General Agent (MGA). This collaboration is aimed at equipping Nirvana’s underwriting team with sophisticated and actionable insights into an organization’s cyber exposure, facilitating efficient, data-driven risk selection decisions, and ultimately optimizing portfolio profitability.
With the rise of ransomware attacks, data breaches, and phishing incidents as primary drivers of cyber insurance claims in the past year, the insurance industry now places significant importance on timely and pertinent cyber intelligence for informed decision-making in digital risk selection and pricing. Through this partnership, Nirvana’s underwriters will gain access to KYND Signals Client Reports, a recent KYND initiative designed to provide an insurance-focused perspective on an organization’s cyber risk profile. These reports highlight crucial risk indicators that underwriters consider during the underwriting process.
By leveraging KYND’s advanced and actionable risk analysis, along with their extensive industry expertise, this collaboration aims to enhance the MGA’s assessment practices, maintain portfolio quality, and mitigate potential losses. Importantly, the actionable and prioritized risk insights from the reports can guide prospective insureds in bolstering their cyber defenses.
Andy Thomas, CEO, and Founder of KYND, commented, “We extend a warm welcome to Nirvana as the latest addition to our esteemed client community. KYND’s core mission has always been to provide businesses with the tools and intelligence they require to confidently navigate the digital landscape. We’re pleased that Nirvana has selected KYND as its partner to further enhance its cyber capabilities and look forward to arming Nirvana’s underwriters with actionable insights for more informed risk selection. This, in turn, will pave the way for a more resilient portfolio, sustainable growth, and enhanced book value.”
Rob Jones, Executive Chairman and Head of Media, Technology, and Cyber at Nirvana, added, “In today’s intricate and ever-evolving risk landscape, we’re enthusiastic about the transformative potential of this new partnership. Integrating KYND’s insights into our cyber arsenal will not only support the sustainable and profitable growth of our cyber portfolio but will also play a pivotal role in helping our customers fortify their digital defenses and mitigate risks before they escalate into cyber incidents.”