Cybersecurity firm, Intersys, initiates its services in India, prioritizing potential cyber threats.
Intersys, a UK-based provider of cyber risk management solutions, has announced the launch of operations in India and the opening of a new office in London. This move aims to further strengthen Intersys' presence in the UK insurance market and expand its services to the Indian market.
Intersys, led by Tanmay Gore, Director of Intersys India, offers resalable cyber security services to India's corporate SMEs. The Mumbai-based office will focus on addressing the difficulty of assessing and pricing cyber risk for organizations, a challenge that has been a major hurdle for insurers and brokers in underwriting and pricing cyber policies.
Through comprehensive baseline cyber risk assessments and continuous threat monitoring—delivered as a "Cybersecurity-as-a-Service"—Intersys enables SMEs to identify vulnerabilities and maintain robust cyber defenses, which directly enhances their insurability. This approach benefits insurers and brokers by providing detailed, real-time data and risk controls that allow for more accurate risk evaluation and pricing, reducing the likelihood of claims due to unforeseen cyber incidents.
The continuous monitoring ensures policyholders sustain strong security postures throughout the policy term, which supports better renewal processes and portfolio stability. By empowering SMEs that often lack dedicated IT security resources, Intersys not only democratizes access to advanced cybersecurity but also helps insurers gain confidence in offering coverage to this segment, thereby expanding the cyber insurance market in India.
The success of this model is reflected in client outcomes elsewhere—for example, Intersys' UK clients are reported to be ten times less likely to suffer cyber attacks than the national average. Applying these best practices to Indian SMEs strongly positions Intersys to unlock profitable growth for insurers and brokers while improving the overall cybersecurity resilience of Indian SMEs.
Meanwhile, in the UK, experts from the banking, insurance, and law enforcement sectors have called for urgent, organization-wide cyber security training in the wake of a wave of recent high-profile cyber attacks. The new Intersys office, located in Leadenhall market, is expected to play a significant role in addressing this need.
However, the UK and US have declined to sign a global AI declaration, highlighting growing divisions over international regulation. The lack of coordinated safeguards for AI raises concerns about emerging risks, particularly for businesses and the insurance sector. Intersys, with its focus on helping re/insurers and brokers grow their cyber insurance business, is well-positioned to navigate these challenges and contribute to a safer, more secure digital future.
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- Intersys, through its new office in London and expansion into India, aims to offer cybersecurity services to enhance the insurability of corporate SMEs, benefiting insurers and brokers by providing detailed risk evaluation and pricing.
- The Mumbai-based office of Intersys focuses on assessing and pricing cyber risk for organizations, addressing a challenge that has hindered insurers and brokers in underwriting and pricing cyber policies.
- With continuous monitoring and "Cybersecurity-as-a-Service", Intersys enables SMEs to identify and manage vulnerabilities, reducing the likelihood of cyber incidents and ensuring policyholders maintain strong security postures.
- The growth of Intersys in the UK market and its expansion into India could help navigate challenges in the global AI regulation, contributing to a safer and more secure digital future for businesses and the insurance sector.
