Cyber risk management
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Verisk, KYND Expand Collaboration to Strengthen Cyber Resilience for Insurers
Globenewswire· 2025-12-10 10:00
LONDON, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, announced today an expansion of its strategic collaboration with KYND to bring enriched cyber risk intelligence to the insurance market. KYND’s cyber risk insights are now integrated into Verisk’s Rulebook platform, which supports pricing, underwriting and distribution services for all major classes of business. By combining Verisk’s global insurance e ...
DUAL Group partners with KYND to bolster cyber insurance offerings
Yahoo Finance· 2025-09-10 11:46
Core Insights - DUAL Group has partnered with KYND to enhance its cyber insurance services, starting in Australia and New Zealand with plans for a global rollout [1][4] - The collaboration aims to provide brokers and clients with advanced risk assessment tools and ongoing monitoring of cyber risk profiles [2][3] Group 1: Partnership Details - The initial phase of the partnership will focus on Australia and New Zealand, with a subsequent global launch planned [1] - Clients will receive a KYND Signals report with each cyber insurance quote, detailing a risk profile based on over 250 factors [2] Group 2: Service Features - The new services will include ongoing monitoring through KYND ON, allowing clients to identify and address potential cyber threats in real time [2][3] - Alerts for emerging threats that could compromise data security will also be part of the offering [3] Group 3: Strategic Importance - DUAL Group's chief innovation officer emphasized the commitment to innovate in cyber solutions, empowering clients with actionable insights [3] - KYND's CEO highlighted the significance of the partnership, noting DUAL's global scale and commitment to innovation in the cyber landscape [4]
WireX Systems and Brown & Brown Announce Strategic Collaboration to Advance Cyber Risk Management and Insurance Outcomes
Prnewswire· 2025-06-17 10:00
Core Insights - WireX Systems has announced a strategic collaboration with Brown & Brown to enhance risk management and insurance outcomes through the integration of cybersecurity solutions and risk identification processes [1][3][4] Group 1: Collaboration Details - The partnership aims to combine WireX Systems' cybersecurity expertise with Brown & Brown's analytics and brokerage capabilities to improve incident response and financial benefits for organizations [4][5] - Brown & Brown has a dedicated cyber insurance team that provides innovative cybersecurity risk solutions, leveraging its extensive experience since 1939 [3][4] Group 2: Operational Impact - WireX Systems focuses on redefining incident response by providing clear answers to critical post-incident questions, enabling faster investigations and reducing dwell time [2][5] - The collaboration seeks to translate cybersecurity maturity into measurable financial benefits, allowing organizations to assess their investments and insurance limits based on their cyber maturity [4][5] Group 3: Strategic Goals - The goal of the collaboration is to empower organizations to respond to incidents with speed and clarity, bridging the gap between technical readiness and financial resilience [4][5] - The partnership aims to provide organizations with a clearer understanding of cybersecurity ROI, ultimately reducing residual risk and ensuring that insurance premiums reflect real-world cyber maturity [5]
Markel launches InsurtechRisk+ product for insurtech businesses
Prnewswire· 2025-06-11 07:00
Core Insights - Markel Insurance has launched the InsurtechRisk+ product aimed at insurtech businesses, providing coverage with limits up to GBP £10 million across various regions including the UK, Europe, Australia, Asia, and Canada [1] Group 1: Product Features - The InsurtechRisk+ package includes four insuring clauses: insurance services and technology liability, directors and officers (D&O) liability, crime, and cyber liability and loss cover [1] - Insured clients will have access to value-added services such as 24/7 business, legal and employment advice, R&D tax advisory, debt recovery support, grant and funding assistance, contract reviews, and a cyber risk toolkit [2][3] Group 2: Market Context - The product addresses the evolving cyber risk landscape, which has seen more advanced attacks utilizing AI tools to compromise company networks and steal sensitive information [4] - Markel aims to provide a comprehensive solution that minimizes coverage gaps often found when dealing with multiple insurers, thus allowing clients to focus on business growth [3] Group 3: Strategic Goals - The launch of InsurtechRisk+ is part of Markel's strategy to offer superior coverage and proactive risk management solutions, moving beyond traditional post-loss assistance [5] - The company emphasizes its commitment to tailoring services to meet the specific needs of insurtech businesses, enhancing the role of insurers in risk management [5]