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Insurers need stronger safeguards, better data intelligence and human oversight to tackle emerging cyber risks as artificial intelligence (AI) makes fraud more sophisticated and traditional risk-assessment methods struggle to keep pace, industry experts said at the Business Standard BFSI Insight Summit 2026. The panel discussion titled “Climate & Cyber Risks: Can Insurance Keep Pace With India’s Emerging Threats?” featured Animesh Das, managing director and chief executive officer of Acko General Insurance; Parthanil Ghosh, MD and CEO of HDFC Ergo; Pallavi Malani, India Leader and Insurance Partner; and Hitesh Joshi, chairman and managing director of GIC Re. The discussion was moderated by Subrata Panda of Business Standard