General Insurance · advanced
Cyber Insurance
Cyber insurance: what a policy covers and on what basis, its main exclusions and conditions, India's cyber and data-protection rules, how a cyber claim is handled, and illustrative scenarios.
- 01Cyber Insurance CoverageWhat a cyber insurance policy covers: the split between first-party and third-party covers, the claims-made basis, how fines and penalties are treated, and why the kind of data involved matters.
- 02Key ExclusionsThe main exclusions and conditions in a cyber policy: social engineering fraud, minimum security standards, physical damage and bodily injury, and prior known events, and how endorsements can change the position.
- 03Indian Cyber Risk LandscapeThe legal setting for cyber risk in India: the IT Act and section 43A, CERT-In's six-hour reporting direction, the phased DPDP Act, 2023 with its penalties and Board, and sector rules including IRDAI's.
- 04Cyber Claims ProcessHow a cyber claim runs from discovery to settlement: notifying the insurer, incident response and forensics, preserving evidence, regulatory reporting, the business interruption waiting period, and subrogation.
- 05Cyber Insurance Case StudiesThree illustrative scenarios, an insider taking data, an attack through a trusted vendor and a claim larger than the policy limit, used to show what a cyber policy responds to and where it stops.