With remote working becoming a norm, the insurance industry is likely to see a spurt in demand for cyber insurance, according to a senior IRDAI official. “In the long term, the transition to virtual workspaces resulting from COVID 19 may increase the demand for cyber insurance and further the evolution of cyber insurance products,” Insurance Regulatory and Development Authority of India (IRDAI) Executive Director Suresh Mathur said. He was speaking at a virtual seminar organised by the Confederation of Indian Industry (CII). Mathur said the demand for cyber insurance coverage will come from the government entities and large organisations that are operating in higher hazard sectors. He said w
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