Cyber Risk Insurance
Cyber Risk Insurance is a cyber insurance product underwritten by Allianz Global Corporate & Specialty SE – India Branch (Allianz SE (Germany)), available in India. It is aimed at mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Bespoke.. Policyholders get 5 bundled proactive services — Vulnerability scanning, Training & awareness, Risk assessment and Incident response, among others — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of Not rated by AM Best.. It can be approached directly through the provider.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Allianz Cyber Protect (product brand: Allianz Cyber): flexible, modular standalone cyber policy; clear policy wording covering a broad range of first-party and third-party risks.
- First-party: data breach response, BI loss, data recovery, cyber extortion/ransomware, crisis management costs, reputation management.
- Third-party: cyber liability, privacy regulatory defence and fines (GDPR up to €20M or 2% global turnover).
- Allianz Cyber Center of Competence (CoCC): Group-wide coordination of cyber underwriting and risk management.
- Risk review by dedicated cyber risk consultants and underwriters prior to policy inception.
- IT forensics and incident response via AGCS expert partner network.
- Supply chain / contingent BI coverage available: 15% of large cyber claims by value in H1 2025 were supply-chain events (up from 6% in 2024) — Allianz proactively addresses this.
- Allianz Commercial: €18B gross premium globally (2024); present in 200+ countries and territories.
- DPDPA (Digital Personal Data Protection Act 2023) compliance advisory.
Limitations
- Mid-market to large enterprise only.
- IRDAI-regulated; coverage subject to Indian regulatory requirements.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Risk Insurance designed for?
Cyber Risk Insurance by Allianz Global Corporate & Specialty SE – India Branch targets mid-market companies, large enterprises and multinational groups in India. Geographic scope: Global..
+What proactive security services are included with Cyber Risk Insurance?
The policy bundles 5 proactive services: Vulnerability scanning, Training & awareness, Risk assessment, Incident response and Crisis management. These preventive services are typically included in the premium.
+Does Cyber Risk Insurance help with NIS2 or DORA compliance?
Allianz Global Corporate & Specialty SE – India Branch indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber Risk Insurance in India?
You can approach Allianz Global Corporate & Specialty SE – India Branch directly (https://commercial.allianz.com/global-offices/india.html) or via the provider's website. Compare it with alternatives in India on Ryskly first.