Cybersecurity and IT services provider Intersys is launching operations in India in a move to help insurers and brokers grow their cyber insurance business by improving the cyber risk profile of policyholders.
Led by Tanmay Gore, director of Intersys India, the Mumbai-based office is addressing a key challenge in the market: the difficulty of assessing and pricing cyber risk for organisations that often lack dedicated IT security resources.
By offering resalable cybersecurity services, including baseline cyber risk assessments and continuous cyber monitoring to India’s corporate SMEs, Intersys enables insurers and brokers to offer policies with confidence, backed by data and risk controls.
Delivered as a Cybersecurity-as-a-Service offering, Intersys will work with policyholders to assess cyber maturity and identify vulnerabilities before insurers bind a policy.
“Intersys clients in the UK are ten times less likely to suffer a cyber attack compared to the national average,” commented Matthew Geyman, managing director of Intersys. “Using cyber risk mitigation best practices developed in the UK, we’re launching Intersys India to give local brokers and underwriters the tools they need to support India’s SME corporate policyholders with practical cybersecurity services that directly improve their insurability. When clients are better protected, they’re a better risk – and that unlocks profitable growth for everyone.”
By offering continuous oversight and threat detection, Intersys will look to ensure that insurers maintain their security posture throughout the policy term, reducing claims risk and enabling better renewal conversations.
This approach helps establish a clear security baseline and creates a feedback loop between cyber hygiene and insurance pricing – a vital step in a market where cyber losses are rising, but risk quantification remains difficult.
Dr Prerna Tambay of Intersys India, said: “There is a clear gap in the market to support India’s brokers and insurers in offering proactive cyber risk assessment and management services. [Our new] offering unlocks new business potential among underserved mid-market corporates and supports efforts to increase cyber insurance penetration.”
