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Cyber insurance claims surge past ₹150 crore, premium rates remain soft

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Cyber insurance claims surge past ₹150 crore, premium rates remain soft
Photo / Coverage: Business Standard - LatestCredit: Aathira Varier
EXECUTIVE SUMMARY

Rising ransomware attacks and data breaches have pushed up cyber insurance claims in the banking sector, but increased reinsurance capacity continues to keep premium rates soft.

Key Takeaways

  • Cyber insurance claims surge past ₹150 crore, premium rates remain soft.
  • Rising ransomware attacks and data breaches have pushed up cyber insurance claims in the banking sector, but increased reinsurance capacity continues to keep premium rates soft.
  • Rising ransomware attacks and data breaches have pushed up cyber insurance claims in the banking sector, but increased reinsurance capacity continues to keep premium rates soft.

Rising ransomware attacks and data breaches have pushed up cyber insurance claims in the banking sector, but increased reinsurance capacity continues to keep premium rates soft.

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