Resecurity & IRDAI Compliance
Safeguarding India's Insurance Sector with Intelligent Cybersecurity
As the Insurance Regulatory and Development Authority of India (IRDAI) strengthens its cybersecurity posture, regulated entities across the insurance ecosystem must adopt proactive security frameworks. Resecurity supports insurers, intermediaries, and insurtech providers in aligning with the 2023 IRDAI Information and Cyber Security Guidelines, issued on April 24, 2023, ensuring compliance, operational resilience, and regulatory transparency.
The IRDAI Cybersecurity Guidelines 2023 supersede earlier advisories from 2017 and 2022, establishing a unified governance-driven model across the insurance sector. The regulation applies to:
- Insurers (life, general, health)
- Insurance brokers
- Corporate agents, TPAs, web aggregators
- ISNPs, CSCs, Insurance Repositories
- Insurance Information Bureau of India (IIB)
Key mandates include governance, data protection, cyber risk assessments, third-party controls, breach notification, workforce security, and fraud risk monitoring — all aligned with India's national cybersecurity strategy and CERT-In directives.
IRDAI mandates a multi-layered approach to cybersecurity. Key requirements include:
- Board-approved Information & Cyber Security Policy (ICSP)
- Active Information Security Risk Management Committee (ISRMC) chaired by senior executives
- Appointment of a Chief Information Security Officer (CISO)
- Annual Technology Risk Assessment (TRA) and Vulnerability Assessment & Penetration Testing (VAPT) for critical systems
- Reporting cybersecurity incidents to CERT-In within 6 hours and IRDAI within 24 hours
- Controls for encryption, access management, asset inventory, and endpoint/device security
- Workforce protection including background checks and HR security policies
- Third-party classification and oversight per risk tier
1. Threat Intelligence & Dark Web Monitoring
Continuous visibility into external cyber threats, leaked data, ransomware indicators, and credential exposures. Enables early incident detection, breach containment, and evidence gathering for IRDAI and CERT-In notifications.
2. Digital Risk & Third-Party Monitoring
Provides risk scoring and behavioral monitoring of vendors, TPAs, and brokers to identify impersonation attempts, phishing domains, and vulnerable digital assets across the insurance ecosystem.
3. Secure Cloud & Data Protection
Implements encryption, multi-factor access controls, and anomaly detection to protect policyholder and transaction data. Ensures cloud and hybrid environments adhere to data residency and CIA principles.
4. GRC & Audit Automation
Resecurity's GRC platform helps automate policy implementation, risk assessments, audit trails, and board-level reporting — simplifying governance, ISRMC collaboration, and submission of annual audit documents.
5. Fraud Prevention & Red Flag Detection
Utilizes AI and behavioral analytics to detect anomalies, flag potential frauds in claims, distribution, and underwriting, and support fraud monitoring units (FMUs) in structured investigation workflows.
| IRDAI Mandates | Resecurity Capability |
|---|---|
| Board-approved Cybersecurity Governance | GRC Platform, ISRMC Dashboards |
| CISO & Risk Reporting to Board | Executive-level Insights, Policy Enforcement |
| Risk Assessment & VAPT | Threat Intelligence, External Attack Surface Monitoring |
| Incident Detection & Reporting (CERT-In/IRDAI) | Real-Time Alerts, Breach Notification Workflow |
| Encryption & Access Controls | Cloud Identity Management & Data Protection |
| Vendor Risk Management | Third-Party Risk Monitoring & Supply Chain Mapping |
| Red Flag Indicators (Fraud Monitoring) | Behavioral Analytics, AI-Powered RFI Detection |
| HR Security & Insider Risk | Workforce Monitoring & Background Verification Tools |
| Annual Compliance Audits | Compliance Manager, Evidence Collection & Reporting Tools |
- Proven experience supporting BFSI and insurance clients globally.
- Aligned with IRDAI, RBI, and SEBI regulatory frameworks.
- AI-driven tools for automation and real-time visibility.
- Seamless cloud, network, and endpoint integration.
- Strong presence in India with local partnerships and engagements (e.g., Gujarat MoU).
Whether you're an insurer, intermediary, or digital platform provider, Resecurity enables regulatory alignment and cyber resilience. Our team can help assess your environment, close compliance gaps, and prepare for IRDAI audit readiness.
Contact us today to request a tailored compliance consultation.
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