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Financial firms drive cyber insurance uptake

Posted On: Apr. 24, 2019 6:11 AM CST

Cyber insurance

India-based Tata AIG General Insurance Co. Ltd. said that its cyber insurance policies' uptake grew 42% while cyber premiums volume increased 27% so far this year driven by demand among banks and financial firms, Moneycontrol reported. Sushant Sarin, an official at Tata AIG General Insurance, said that new regulations, emphasis on data protection strategies and increasing frequency of cyber attacks helped drive cyber insurance uptake among the firms.

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