Andy Thomas & Melanie Hayes, Co-Founders, Kynd, Making Cyber Simple (82)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 10 May 2020

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With all the attention on COVID-19 just now there is a risk we forget one of the other emerging risks of the last few years - cyber. But of course it's still very much a threat and, in some areas, growing. Most large companies will have their own CISO (Chief Information Security Officer) but for smaller or medium sized companies it's harder to be able to assess their exposure, understand how to reduce the risk and know what insurance options are available. Kynd was only founded two years ago by Andy Thomas (CEO) and Melanie Hayes (Chief Marketing Officer) but is already establishing its as one of the companies that SMEs can turn to, and brokers use, to assess and mitigate cyberrisk. In this episode Matthew Grant talks to Andy and Melanie to find out the cyber risk facing companies, how to manage it, what Kynd is offering and how it works. Areas covered include: A quick and free test for companies to assess their areas of potential exposure Statistics from the Kynd study of 200 of the UK AIM listed companies that reveals what their own cyber vulnerabilities are The Kynd "broker buddy" system to help brokers help their clients How and why the company has been able to scale up, and find clients so quickly To find out about companies building cyber models, head over to Episode 28 with our interview with Pascal Millaire. Find out what we are up to at Instech London at www.instech.london Sign up to our newsletter for a fresh view on the world every Wednesday morning Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to an InsTech London podcast, or reading the accompanying transcript, you can claim up to 0.5 CPD hours towards the CII member CPD scheme. Complete the InsTech London Podcast Feedback Survey to claim your CPD time.

Transcript

Click on a timestamp to play from that location

0:00.0	Hello, welcome to the INSTEC London podcast, Matthew Grant here, one of the partners at INSTEC London, London.
0:20.6	So another week, another podcast, time does seem to be going incredibly quickly just now.
0:25.3	But we've so many fascinating subjects to talk to.
0:27.6	And of course, people who are building some incredible businesses or running some well-established ones.
0:33.5	Now, it's not the same as getting together face to face.
0:36.1	And frankly, I've seen into more people's bedrooms in the last month than I'd expected to see in an entire lifetime.
0:42.6	It's indeed strange times we live in just now.
0:45.2	Of course, we're all focused on pandemic risks just now and the insurance industry is grappling with how it should respond now and in the future.
0:54.2	But while some risks such as car accidents have gone down, others like cyber, are, I'm afraid,
0:59.8	increasing.
1:00.8	So on this episode, I'm talking to Andy Thomas, CEO of kind and his co-founder, Chief
1:06.5	Marketing Officer Melanie Hayes.
1:08.5	They set the company up in March 2018, but they've already
1:12.4	established themselves as offering a valuable service to help small and medium-sized businesses
1:17.6	understand their exposure to cyber losses. Importantly, they are also working with insurance brokers
1:23.8	to help them identify the right type of insurance for their clients.
1:42.4	Melanie, Andy, delighted to have you joined me, of course, we're all remote just now.
1:44.2	I'm really looking forward to hearing the story of kind and how you co-founded it. You are, I believe, assessing companies of vulnerabilities
1:49.5	to cyber attacks, helping companies fix it, working with brokers aiming mostly at the small
1:56.2	to medium size market. Melny, you were previously at Experian, you and Andy set up kind in August
2:04.4	2018. Andy, you've got a background at CSID and garlic and experienced a number of years in
2:10.5	global identity protection and fraud detection. So thanks very much for joining us.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from InsTech, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of InsTech and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.