New Delhi, April 5 -- Nearly 100% of cyber insurance clients are renewing their policies. Businesses now recognise the recurring and evolving nature of cyber risks, leading to regular policy renewals. Cyber insurance is no longer seen as an optional risk-transfer tool but as a core component of enterprise risk management.

Companies with Turnover Over Rs.10 Cr Leading Cyber Insurance Adoption; BFSI and Tech Sectors at the Forefront. Cyber insurance adoption is concentrated in five key industries, primarily among businesses with annual turnover exceeding Rs.10 crore. The breakdown of industry-wise adoption is as follows:

*BFSI (35-40%): The financial sector is the largest consumer of cyber insurance, given its high exposure to financial f...