Report of the Working Group (WG) to Study Cyber Liability Insurance

Last updated: 21 January 2021

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The Insurance Regulatory and Development Authority of India (IRDAI) has released the report from its Working Group on Cyber Liability Insurance. This report, presented in two parts, contains several recommendations. Stakeholders are invited to provide their feedback on these recommendations by 9th February 2021 via email.

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA

Ref. No:–

Date:20-01-2021

Exposure Draft

Re: Report of the Working Group (WG) to Study Cyber Liability Insurance.

A Working Group was set up by the Authority vide order Ref: IRDAI/NL/ORD/MISC/260/10/2020 dated 19th October, 2020 to Study Cyber Liability Insurance.

The Working Group has submitted its report in two parts, Part-I (Page. No:1 to 44) and Part-II (Page. No: 1 to 87) in which it has made various recommendations.

We now place the report of the Working Group and seek the valuable inputs of all stakeholders on the recommendations made in the report. Please give your feedback in the attached format on or before 09th February, 2021 to nl-products@irdai.gov.in with a copy marked to venkatag@irdai.gov.in.

(Yegnapriya Bharath)

Chief General Manager (Non-Life)

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