Indian companies are digitising their workflow and are slowly waking up to the importance of cyber-risk management. But the cyber-insurance market in India is only a small fraction of the total annual cyber-loss incurred by these enterprises. Here's how it can seek more capital and serve better with the help of insurance-linked securities
Since the pandemic, businesses are waking up to cyber risk management. Cyber insurance might be the fastest-growing insurance sector in India today. This comes with a unique set of challenges that regulators and insurers need to address quickly. Here are 5 recommendations for the stakeholders