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IRDAI CYBER RISK
Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...- India needs more qualified actuaries, says IRDAI chairmanIndia's insurance sector faces a significant shortage of qualified actuaries. This talent gap is critical as risks from inflation, healthca...
- Legal and regulatory landscapes set to transform with InsurTech and AI in insurance: Lokanath Prasad Kar, ElpeeCoIndia's insurance sector is rapidly evolving, driven by new risks and technological advancements. While IRDAI's "Use & File" approach foste...
- Sebi's cybersecurity framework to ease burden, say expertsVikas Garg, partner, Deloitte India, said Sebi's enhanced cyber rules substantially improve market security. However, this is overwhelming ...
- Cybersecurity startup Mitigata raises $5.9 million from Nexus Venture Partners, othersDescribing itself as the country's only full-stack cyber resilience platform, Mitigata integrates cybersecurity, compliance, and insurance ...
- Financial sector regulators to work on universal KYCFinancial sector regulators, led by the RBI, are developing a universal KYC framework with the CKYCR to streamline verification processes. ...
- Irdai urges insurers to cover India, not just quote statsIrdai is pushing insurance companies to broaden their reach. The focus is on covering more individuals. A ₹300 crore awareness campaign is ...
- Irdai, insurers discuss growth trends, risksIrdai emphasised on the need for stress testing, scenario analysis and effective asset-liability management (ALM). The National Bank for Fi...
- IRDAI tightens fraud rules post hacking incidentsThe Insurance Regulatory and Development Authority of India introduces new guidelines to combat online fraud in the insurance sector. Insur...
- Irdai asks insurance companies to lay down social media guidelines for employeesIndia's Insurance Regulatory and Development Authority (Irdai) has called on insurers to devise social media guidelines that prevent employ...
- Do you need to get a personal cyber insurance policy?As cyber crime surges after Covid-induced work from home, it may be time to secure your risks. Find out if you should pick an individual cy...
- No plans to bring standard products for cyber liability insurance policy as of now: Member IrdaiA working group was formed by the regulator for examination of bringing standardisation of cyber liability insurance policy. Irdai issued a...
- IRDAI’s new norms on cyber insurance for individuals cover online theft of funds, identity, social mediaThe Insurance Regulatory and Development Authority of India (Irdai) has underlined the need for cyber insurance by citing the increase in d...
- Irdai sees demand for new covers in wake of pandemicThe regulator is considering the formation of an Indian pandemic risk pool with contributions from the country’s insurers and reinsurers. A...
- IRDAI sets up panel to examine need for standard cyber liability insurance productThe general liability policies do not cover cyber risks, and cyber insurance policies currently available are highly customised for clients...
- DHFL's insurance arms solvent, safe: IRDAI chiefTroubled DHFL has two insurance subsidiaries - DHFL Pramerica Life insurance and DHFL General Insurance.
- LIC to set time-line for paring IDBI Bank stake: Irdai's SatheThe around Rs 20,000-crore deal could help the national insurer realise its long-cherished dream of owning a bank.
- Financial regulators active in cyber security sans frameworkIndia still does not have a cyber security framework and its National Cyber Security Policy lacked an implementation framework and is yet t...
- Business leaders, experts to discuss corporate governance in a 2-day summitExcellence Enablers works towards promoting higher standards of corporate governance and has organised more than 35 round tables with vario...
- Data fraud: Irdai takes guard, readies cyber security shieldThe Insurance Regulatory and Development Authority of India (Irdai) said it will be a comprehensive framework for the sector.
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