The Insurance Regulatory and Development Authority of India (IRDAI) has formed an Inter-Disciplinary Standing Committee to focus on cyber security within the insurance sector. The move comes as cyber threats continue to increase, posing a significant risk to insurers and intermediaries. The committee is tasked with addressing cyber security challenges and ensuring compliance with regulations. In accordance with cyber security norms, insurers and intermediaries are required to adopt a risk-based approach and implement measures to secure their systems and data. This includes conducting regular risk assessments, implementing appropriate security controls, and developing incident response plans. By taking these precautions, insurers and intermediaries can mitigate the potential impact of cyber attacks and protect both their own assets and the data of their customers. The establishment of the Inter-Disciplinary Standing Committee on Cyber Security demonstrates the industry’s commitment to safeguarding against cyber threats and ensuring the integrity of the insurance sector.