India, April 16 -- India's digital insurance trajectory means: Big growth, and bigger risks!

India's life insurance industry is undergoing a rapid digital transformation, unlocking massive potential for financial inclusion, operational agility, and customer-centric innovation. As per a report by the Confederation of Indian Industry, India is projected to become the sixth-largest insurance market globally by 2034, growing at a CAGR of 32-34%. This growth is being propelled by digitisation across the value chain, from onboarding and claims to customer servicing.

However, with this progress comes risk: the rapidly expanding cyber threat landscape. As digitisation deepens, attacks from malicious actors have also increased. Insurers today ar...