As businesses across India continue to accelerate digital adoption, cyber risks are becoming increasingly sophisticated, interconnected and disruptive. From ransomware attacks and data breaches to operational disruption, supply chain interruptions and reputational impact, organisations today require protection solutions that go beyond conventional risk transfer.

Built on Liberty Mutual’s global financial strength and decades of specialty risk expertise, Liberty Cyber Resolution is a flexible, claims-led cyber insurance solution backed by 24/7 incident response support, dedicated cyber risk engineering capabilities, and specialised underwriting and claims expertise.

Speaking on the launch, Mr. Parag Ved, CEO & Whole-Time Director, Liberty General Insurance said, “With the launch of Liberty Cyber Resolution, we have further strengthened our commercial lines portfolio by bringing Liberty’s global cyber expertise, specialised capabilities and deep risk insights to businesses in India. As organisations continue to embrace digital transformation and increasingly interconnected operating environments, cyber resilience has become a critical business priority.”

“Liberty Cyber Resolution combines specialised underwriting, risk engineering expertise and responsive claims support to help organisations navigate an evolving cyber threat landscape with greater confidence. This launch reflects our commitment to delivering future-ready insurance solutions that address emerging risks and support businesses in building long-term resilience in an increasingly digital economy,” Mr. Ved added.

Commenting on the launch, Ms. Gisha George, President-Product & Underwriting-Commercial Lines & Reinsurance, Liberty General Insurance said, “Cyber threats today are not only increasing in frequency but also evolving significantly in complexity and scale. Businesses need solutions that can support them before, during and after an incident. Liberty Cyber Resolution combines comprehensive coverage, responsive claims support, risk engineering expertise and global cyber insights to help organisations strengthen resilience and respond more effectively to cyber incidents.”

Coverage highlights include:

• Global flagship Liberty product with local expertise
• Coverage extensions including reputational harm, first-party cyber property damage, threat management, proof of loss preparation costs and criminal rewards.
• Personal harm protection for the Leader’s Household.
• No retention for incident coach services when Liberty’s approved incident counsel is engaged.
• System failure trigger for business interruption, supply chain interruption and incident management.
• Affirmative coverage for unintentional unauthorised collection or use of Protected Information.
• Artificial intelligence machine learning products and services included within the computer systems definition.
• Optional cyber crime coverage including funds transfer fraud, deceptive transfer fraud, computer fraud, cryptojacking and telecommunication fraud.

Claims, response and service capabilities:

• 24/7/365 cyber incident response support
• Liberty’s Cyber Incident Response Team typically responds within the hour
• Access to pre-approved incident response and DFIR partners across Asia Pacific
• Dedicated claims handling with local legal and technical expertise
• Streamlined onboarding, including optional mock claim experiences

Risk engineering and underwriting strengths:

Liberty’s Cyber Risk Engineering practice combines experienced cyber security specialists, analytics-driven insights and the Liberty Lenses assessment framework to deliver tailored and actionable risk mitigation support aligned to an organisation’s size, industry and complexity.

Its capabilities include peer benchmarking, claims-based predictive modelling, severity simulation, frequent updates of causal hazard indicators and Generative AI-driven operational summaries.

The underwriting framework is supported by specialised cyber expertise, proprietary training programmes, real-time analytics and flexible risk appetite across retail and wholesale markets.

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According to a PwC report, nearly a quarter of Indian enterprises surveyed reported losses exceeding USD 1 million (about Rs 8.8 crore) from cyber breaches over the past three years, with the risk particularly high among companies earning USD 5 billion or more in annual revenue.

While these numbers highlight intensifying risks for individuals, they also reaffirm the growing need for reliable cyber insurance protection that can cushion financial losses and provide essential support during a cyber incident.

Cyber budgets are rising, although at a cautious pace, with 87 per cent of organisations in India planning to increase their cybersecurity spending over the next 12 months, according to a PwC report.

To combat such rapidly evolving digital risks, SBI General Insurance encourages individuals and families to adopt comprehensive cyber protection as a critical layer of digital hygiene and personal security. SBI General Insurance’s – Cyber VaultEdge product offers cyber protection across a broad spectrum of e-transaction related risks, identity theft, online reputation, including social media trolling, bullying, extortion and stalking. With no deductibles, simple documentation, and flexible cover limits, the solution ensures that individuals can easily access meaningful cyber protection without complexity. It ensures individuals receive both financial assistance and emotional support to manage the aftermath of such incidents.

Commenting on the evolving cyber risk landscape, S. Vishwanathan, Head – Underwriting & Reinsurance, SBI General Insurance, said, “Cyber risks today extend far beyond conventional data breaches. With individuals and businesses relying more heavily on digital platforms, threats have become significantly more sophisticated and frequent. This shift underscores the growing need for protection that can keep pace with the evolving landscape. In an era of rising digital dependency, comprehensive cyber cover is no longer optional, it has become essential for every digital user.”

SBI General’s cyber offering delivers holistic support through every stage of recovery. It covers legal expenses, data restoration costs through IT specialists, and psychological consultations to help individuals cope with trauma from cyber incidents. With this comprehensive approach, SBI General Insurance reinforces its commitment to supporting people at every phase of life in an increasingly digital world.

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