Cyber InsuranceThere has been a substantial increase in the threat to cybersecurity for an individual and at the corporate due owing to work from home model and an increase in dependency on technology.
A rise in sophisticated cyber crimes has heightened vulnerability to cyber attacks."A cyber-insurance policy will see a surge since it covers risks such as identity theft, malware attack and cyberstalking which covers financial losses resulting from being an innocent victim of e-mail spoofing, phishing, I-T theft and cyber extortion amongst other features," said Singhel.Home InsuranceAccording to experts, there has been a year-on-year increase in natural calamities in India along with uncertainty about frequency and the magnitude of damage..