2026-08-07 · Source: BusinessLine (API)
Summary in 3 Points • ICICI Lombard has launched India's first motor cyber insurance cover • The cover protects against cyber incidents affecting connected vehicles • It offers protection against hacking, cyber extortion, and digital asset theft --- ICICI Lombard has introduced a pioneering motor cyber insurance cover in India, aimed at protecting connected vehicles from cyber threats. As vehicles become more integrated with digital devices, they are increasingly susceptible to cyberattacks. The new insurance cover addresses risks such as unauthorised access, hacking, and cyber extortion, providing financial protection against incidents like vehicle immobilisation and digital asset theft. This optional rider is available for policyholders who wish to safeguard their vehicles against these emerging cyber risks.
The introduction of motor cyber insurance by ICICI Lombard points to the growing need for similar products in markets worldwide, including London. As vehicles become more digitally connected, underwriters may need to consider new risk factors related to cyber threats. This could lead to the development of specialised policies and riders to address these vulnerabilities. London Market insurers might explore opportunities to offer comprehensive cyber coverage for connected vehicles, potentially influencing policy wording and pricing strategies.