Data analytics specialist Verisk has expanded its partnership with cyber risk technology provider Kynd to offer enhanced 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. The expanded collaboration comes as new research from Kynd reveals that 80% of the UK’s top 50 retailers are exposed to at least one critical cyber vulnerability, with more than a third facing simultaneous risks across all five major categories of ransomware, outdated software, vulnerable services, email security flaws and certificate issues.
Andy Thomas, CEO and founder of Kynd, said: “This research reveals that cyber threats are escalating across consumer-facing industries, especially ahead of the holiday season. Retailers hold vast customer data and operate complex supply chains, making them prime targets. Our mission is simple: make complex cyber risks easy to see, understand and underwrite. We look forward to supporting insurers alongside Verisk with this collaboration.”
Tim Rayner, CEO, Verisk Specialty Business Solutions, added: “This deeper collaboration marks a step change in how cyber risk can be understood and managed across the insurance value chain. With Kynd’s intelligence embedded into Rulebook, we’re empowering our clients to make faster, better-informed decisions to modernise commercial underwriting and strengthen resilience through data-driven insights.”
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