Consilium companions with KYND for revamped cyber danger assessments

Worldwide re/insurance coverage dealer Consilium has introduced a strategic partnership with KYND Restricted, an organization specializing in cyber danger administration, that may see Consilium’s insurance coverage brokers using KYND’s superior cyber danger assessments.

The intention of the collaboration is to offer complete visibility into purchasers’ cyber danger publicity, thereby enhancing cyber readiness and contributing to sustainable income development.

Nevertheless, regardless of rising demand, challenges persist, notably in companies’ understanding of their cyber danger and the vital function of cyber insurance coverage in safeguarding operations. Brokers, due to this fact, want exact, present, and complete info on a company’s danger profile to navigate the evolving cyber menace panorama successfully.

Consilium goals to bolster its danger administration choices and spotlight the significance of cyber danger to its purchasers by incorporating KYND’s START Studies, which offer vulnerability assessments.

Moreover, as a part of the settlement, Consilium will make the most of KYND SIGNALS Shopper Studies, KYND’s newest innovation. These reviews supply a personalized, prioritized perspective on dangers thought-about by insurers in the course of the decision-making course of. This instrument will help Consilium’s purchasers in refining their cyber danger profiles earlier than submission and confirm an applicant’s suitability for protection earlier than approaching the insurance coverage market.

Tom Abbotts, affiliate associate of cyber tech & fintech at Consilium, acknowledged the challenges and alternatives introduced by digital transformation within the present interconnected period.

“Serving to companies to navigate this complicated and ever-evolving panorama with confidence necessitates a collaborative method, uniting trade specialists with best-in-class, revolutionary applied sciences to ship one of the best options for companies, which is precisely what this partnership is about. We’re, due to this fact, excited to be partnering with cyber danger administration specialists KYND whose actionable and intelligible danger intelligence will additional bolster our bespoke insurance coverage options and specialised steering on danger administration, enabling our prospects to get a deal with on cyber danger,” Abbotts stated.

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