2026-09-30 · Source: Reinsurance News
Summary in 3 Points • KYND's new AI discovery tool helps insurers identify AI technologies in an organisation's digital environment during underwriting. • Research indicates that one in five organisations experienced a breach linked to unapproved AI usage, termed 'shadow AI'. • KYND's technology allows underwriters to gain visibility into AI dependencies, enhancing the risk assessment process. --- KYND has launched a new capability that enables insurers to identify AI technologies within an organisation's external digital footprint during the underwriting process. This tool operates independently of the information provided by the organisation, allowing for a more accurate assessment of cyber risks associated with AI. The rise of AI adoption has created a visibility gap, as many businesses may not fully disclose their AI usage, leading to potential unidentified exposures during underwriting. Research from IBM highlights the risks associated with 'shadow AI', where unapproved AI technologies can lead to significant breaches. KYND's tool aims to bridge this gap by providing underwriters with independently observed data, allowing for more informed discussions and assessments. As AI becomes increasingly integrated into business operations, understanding these technologies and their dependencies is crucial for insurers to manage evolving cyber risks effectively. For the London Insurance Market, the development of KYND's AI discovery tool is particularly relevant for cyber insurance, as it enhances the underwriting process at institutions like Lloyd's of London.
For the London Insurance Market, the development of KYND's AI discovery tool is particularly relevant for cyber insurance, as it enhances the underwriting process at institutions like Lloyd's of London.