TATA AIG’s cyber insurance business aims 2x growth in Andhra Pradesh and Telangana by FY28
TATA AIG General Insurance Company, one of India’s leading general insurers, today announced the launch of CyberEdge, a comprehensive cyber insurance solution designed to safeguard enterprises, startups, and MSMEs in Andhra Pradesh and Telangana from the growing threat of cyberattacks and data breaches. TATA AIG expects the cyber insurance portfolio to contribute around 25% of the overall Financial Lines premium within the next three years. Aiming to achieve 2x business growth in the region within the same timeline.
This growth within its Financial Lines vertical is driven by strong enterprise adoption. Rising cyber preparedness across IT and industrial clusters in Hyderabad, Vizag, and Vijayawada is further supporting this trend.
According to industry reports, Andhra Pradesh and Telangana together rank second in India for reported cybercrime incidents. The two states witnessed more than 6.2 million malware detections and 17,500 ransomware incidents in 2024, with the average cost of a data breach reaching ₹19.5 crore. The most targeted sectors include pharmaceuticals, IT/ITES, BFSI, and manufacturing — sectors that form the backbone of South India’s digital economy.
Additionally, the Horizon Watch: Emerging Risk Report, a research initiative by TATA AIG in collaboration with its knowledge partner Dun & Bradstreet India, based on insights from 300 CXOs, found that 83% of businesses view technological advancements as the leading driver of new risks.
Najm Bilgrami, National Head – Financial Lines, TATA AIG General Insurance, said:
“The cyber threat landscape is evolving rapidly, and Andhra Pradesh and Telangana are among India’s most digitally active regions — but also among the most targeted one. With CyberEdge, we are enabling businesses here to strengthen their defences, respond faster, and recover smarter. This product is built not just to indemnify losses, but to help organizations build true cyber resilience.”
CyberEdge offers end-to-end financial and operational protection — covering forensic investigations, data restoration, legal support, extortion management, and business interruption losses.
Key Features of CyberEdge Include:
- First Response Cover: 24/7 X 365 access to TATA AIG’s expert legal and IT forensics team within 2 hours of reporting an incident — crucial for the first 24 hours.
- Bricking Recovery: Covers the replacement cost of damaged computer systems used to store data that are rendered inoperable due to a cyberattack.
- Network Loss Calculation: Flexibility to choose Gross or Net Profit coverage as per your business needs, including coverage for forensic accounting fees.
- Wider Computer System Protection: Extends to cover BYOD (Bring Your Own Device), Operational Technologies, Industrial Control and SCADA systems.
- Network Interruption: Covers interruptions up to 120 days post-incident, including mitigation costs.
- Expanded Insured Events: Includes security and system failures, voluntary/regulatory shutdowns, and OSP-related incidents (if opted).
- Mitigation & Prevention: Includes Loss Prevention Services at no extra premium.
- Multimedia Liability: Covers liabilities for content shared on websites and social media.
