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Although India’s new Digital Personal Data Protection (DPDP) Act has prompted greater enquiries from companies about overall liability insurance — particularly cyber insurance and Directors and Officers (D&O) cover — it has not yet translated into a significant increase in demand. However, firms are considering enhancing their existing coverage in these segments, insurance industry insiders said.
“While there is a rise in enquiries on liability insurance — mainly cyber insurance and D&O insurance — post DPDP announcement, there has not been a significant spike in new demand specifically because of DPDP. Existing companies are considering increasing their cyber coverage, and
