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INDUSTRY FACT FILE · INSURANCE
Applicable Cybersecurity Services and Codec Networks Bundles for Insurers
How Codec Networks services and bundled service models help insurers and reinsurers resolve their threats, comply with IRDAI's 2026 guidelines and protect policyholders.
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In this document 1. Our approach 2. Mapping threats to services 3. Codec Networks service catalogue for the sector 4. Codec Networks bundles for the sector 5. Sector programmes built from the bundles 6. Packages: Foundation, Assurance and Continuous Resilience 7. Regulatory requirement-to-bundle mapping 8. Threat-to-bundle coverage matrix 9. Delivery methodology and deliverables 10. Why Codec Networks 11. Annex: indicative commercial ranges |
1. Our approach
Insurers need assurance that follows the policy—and the policyholder's data—across partners. Codec Networks works on four principles:
- Align to IRDAI 2026: map every engagement to the 2026 guidelines, CERT-In and DPDP.
- Follow the policy lifecycle: test distribution, issuance, servicing, claims and payouts end to end.
- Include the ecosystem: TPAs, hospitals, partners and vendors are part of the attack surface.
- Prove closure: close audit gaps and organise evidence for the ISRMC, Board and IRDAI.
2. Mapping threats to services
The table maps the 18 threats identified in Document 4 of this set to the Codec Networks services that help mitigate them.
|
Threat / challenge |
Applicable Codec Networks services |
Intended outcome |
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Ransomware |
Ransomware simulation, backup testing, EDR/XDR validation, IR retainer |
Tested recovery and continuity |
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Health data leakage |
DPDPA readiness, classification and encryption review, DLP |
Protected health data |
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Claims fraud |
Claims-fraud analytics, document forensics, forensic audit |
Lower claims leakage |
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Policyholder scams |
Brand monitoring, takedown, awareness |
Faster removal of fakes |
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Payout diversion |
Payout and surrender flow testing, SOC use cases |
Protected payouts |
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Account takeover |
Portal and app testing, authentication review |
Stronger account security |
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BEC |
Executive impersonation testing, DMARC review |
Reduced payment fraud |
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TPA and hospital compromise |
TPA and interface assessments |
Managed partner risk |
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Partner API exposure |
API security testing |
Protected partner data flows |
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Insider and agent misuse |
Access reviews, insider simulation, monitoring |
Accountable access |
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Cloud misconfiguration |
Review against IRDAI cloud requirements, posture monitoring |
Compliant cloud use |
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Legacy systems |
Infrastructure VAPT, segmentation review |
Reduced legacy exposure |
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Vendor compromise |
Third-party risk management, contract review |
Enforceable vendor controls |
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Deepfake and AI fraud |
Deepfake testing, AI security review |
Verification that assumes impersonation |
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DDoS |
Resilience assessment and availability testing |
Validated capacity |
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Weak detection and response |
Managed SOC, playbooks, tabletop exercises |
Reliable 6-hour reporting |
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Supply-chain compromise |
Supply-chain testing |
Trusted software |
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Recovery failure |
Annual BCP/DR drills on real scenarios |
Proven recovery |
3. Codec Networks service catalogue for the sector
|
Service line |
Sector-relevant services |
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Security Vulnerability Assessment & Penetration Testing |
Six-monthly grey/white-box external PT by a CERT-In empanelled auditor; application, portal and API testing; infrastructure and cloud testing |
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Information security audit & compliance |
Gap assessments against IRDAI's 2026 guidelines, independent audit support, ISO/IEC 27001:2022, ISRMC reporting |
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Offensive security & simulation |
Ransomware, phishing and deepfake simulations, red teaming, tabletop exercises |
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Data privacy & protection |
DPDPA readiness, four-tier classification with PII flagging, encryption and DLP reviews, breach response |
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24/7 Managed SOC & threat monitoring |
SOC-as-a-Service, SIEM, EDR/XDR, claims and payout anomaly detection, brand monitoring |
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Cyber forensics |
Claims-fraud and insider investigations, incident triage, root-cause analysis |
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Third-party risk management |
TPA, hospital, broker, bank and vendor assessments; contract reviews |
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Cloud security |
Review against IRDAI cloud requirements, CSP terms, posture and IAM reviews |
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Emerging technology security |
AI security testing and governance for underwriting and claims models |
4. Codec Networks bundles for the sector
Eleven of the twelve bundles in the Codec Networks Bundled Service Models apply directly to insurers and reinsurers; the Global Cyber Back-Office SPV Program (Bundle 12) is offered separately for international clients.
Figure 6: Codec Networks bundles applied to the sector.
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Bundle |
Name |
Sector-relevant scope |
Best suited for |
Key deliverables |
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B1 |
Cyber Assessment & VAPT Assurance Program |
Six-monthly external PT, retest and closure |
All insurers and reinsurers |
PT reports and closure tracker |
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B2 |
Application, API & DevSecOps Security Program |
Portals, apps, partner APIs, secure SDLC |
Insurers with digital distribution |
Application and API risk report |
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B3 |
Cloud, Infrastructure & Zero Trust Security Program |
IRDAI cloud requirements, segmentation, IAM |
Insurers adopting cloud |
Cloud review report |
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B4 |
Regulatory Cybersecurity Audit & Compliance Assurance Program |
Gap assessment and audit support against IRDAI 2026 |
All insurers and FRBs |
Gap matrix, evidence index |
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B5 |
GRC, ISO, SOC 2 & Cyber Maturity Program |
ISO 27001, ISRMC reporting, policies, exceptions |
Insurers formalising governance |
Maturity scorecard, ISRMC pack |
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B6 |
Data Privacy, DPDPA & Data Protection Program |
Health and personal data classification, DLP |
All insurers ahead of May 2027 |
Privacy gap assessment |
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B7 |
Managed SOC, MDR & Continuous Threat Monitoring Program |
24x7 SOC with claims and payout signals |
Insurers needing continuous monitoring |
SOC reports, MTTD/MTTR |
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B8 |
Digital Forensics, Incident Response & Malware RCA Program |
Claims-fraud and incident investigations |
Any insurer facing fraud or compromise |
Forensic report and RCA |
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B9 |
Third-Party Risk Management & Supply Chain Cyber Risk Program |
TPA, hospital, partner and vendor assessments |
Insurers with large partner ecosystems |
Vendor risk assessments |
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B10 |
Cyber Simulation, Awareness, Tabletop & Crisis Readiness Program |
Ransomware, phishing and BCP/DR exercises |
Boards, ISRMC, claims and operations |
Exercise reports |
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B11 |
Emerging Technology, AI, Web3 & Future Security Program |
AI/LLM testing and governance |
Insurers using AI in underwriting or claims |
AI risk assessment |
5. Sector programmes built from the bundles
Codec Networks packages the catalogue bundles into six insurance programmes.
|
Programme |
Built from bundles |
Challenges addressed |
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IRDAI 2026 Compliance Programme |
B4, B5, B1 |
Governance, audit and testing obligations |
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Policyholder Journey Security |
B2, B7 |
Account takeover, payout diversion and scams |
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Claims Integrity |
B8, B7 |
Claims fraud and insider collusion |
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Ecosystem Assurance |
B9, B2 |
TPAs, hospitals, partners and vendors |
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Health Data Protection |
B6, B3 |
Classification, encryption and DPDP readiness |
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Ransomware Resilience |
B10, B7, B8 |
BCP/DR, recovery and 6-hour reporting |
6. Packages: Foundation, Assurance and Continuous Resilience
|
Package element |
Foundation |
Assurance |
Continuous Resilience |
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Typical insurer |
New and smaller insurers, FRBs |
Mid-sized insurers |
Large insurers and reinsurers |
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Testing |
B1: six-monthly external PT |
B1 + B2: PT, app and API testing |
B1 + B2 + B10: red teaming and simulations |
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Audit and GRC |
B4: gap assessment |
B4 + B5: audit support, ISRMC packs |
B4 + B5 + B9: audit, ecosystem assurance |
|
Cloud and privacy |
B3: cloud review |
B3 + B6: cloud and DPDPA readiness |
B3 + B6 + B11: continuous assurance, AI governance |
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Monitoring and response |
IR retainer (B8) |
B7: managed SOC + B8 |
B7: SOC with claims-fraud signals + B8 |
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Reporting |
Compliance checklist |
ISRMC reporting |
Board and ISRMC reporting |
7. Regulatory requirement-to-bundle mapping
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Requirement (IRDAI 2026 guidelines, as reported) |
How Codec Networks helps |
Bundle |
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ISRMC at least quarterly; independent CISO; tiered exception approvals |
Governance review and ISRMC packs |
B5 |
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Annual audit by an independent assurance team; auditor rotation every three years |
Independent audit support and closure |
B4 |
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Audit report to IRDAI within 90 days of FY end or 30 days of audit completion |
Report preparation and evidence index |
B4 |
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External PT at least six-monthly, grey/white box, CERT-In empanelled auditor |
Scheduled external PT with retest |
B1 |
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Incidents to CERT-In within six hours, copies to IRDAI |
IR retainer, playbooks, reporting support |
B7, B8 |
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BCP/DR tested at least annually on real scenarios |
BCP/DR drill design and observation |
B10 |
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MeitY-empanelled CSPs with STQC audit status; data erasure on exit |
Cloud review |
B3 |
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Vendor right-to-audit, sub-outsourcing approval, supervised privileged access |
Vendor assurance and contract review |
B9 |
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DPDP measures, PII classification, encryption |
DPDPA programme, classification and DLP review |
B6 |
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Auditor eligibility and independence IRDAI's 2026 guidelines require external penetration testing by CERT-In empanelled auditors and annual audits by an independent assurance team with rotation every three years. Codec Networks is CERT-In empanelled and confirms eligibility and independence in each proposal. |
8. Threat-to-bundle coverage matrix
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Threat / challenge |
Primary bundle |
Supporting bundles |
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Ransomware |
B7 |
B8, B10 |
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Health data leakage |
B6 |
B3 |
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Claims fraud |
B8 |
B7 |
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Policyholder scams |
B7 |
B10 |
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Payout diversion |
B2 |
B7 |
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Account takeover |
B2 |
B7 |
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BEC |
B10 |
B7 |
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TPA and hospital compromise |
B9 |
B2 |
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Partner API exposure |
B2 |
B9 |
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Insider misuse |
B7 |
B8 |
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Cloud misconfiguration |
B3 |
B7 |
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Legacy systems |
B1 |
B3 |
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Vendor compromise |
B9 |
B3 |
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Deepfake and AI fraud |
B10 |
B11 |
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DDoS |
B3 |
B10 |
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Weak detection |
B7 |
B8 |
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Supply chain |
B9 |
B2 |
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Recovery failure |
B10 |
B1 |
“Primary” and “supporting” indicate suggested combinations, not guaranteed mitigation or complete coverage.
9. Delivery methodology and deliverables
Figure 7: The Codec Networks delivery methodology.
Typical deliverables include a gap matrix against IRDAI's 2026 guidelines, external PT reports with retests, independent audit support and an evidence index, ISRMC and Board packs, a privacy and classification assessment, a cloud review and an ecosystem risk register.
10. Why Codec Networks
- CERT-In empanelled for information security auditing services, and empanelled with NICSI for application audit and compliance services (start-up category).
- Certified to ISO 9001:2015, ISO/IEC 27001:2022 and ISO/IEC 20000-1:2018.
- Full stack: VAPT, regulatory audit, managed SOC, forensics, privacy and Board advisory from one partner, so findings, monitoring and closure stay connected.
- Insurance depth: policy, claims, payout, TPA and partner API testing aligned to IRDAI's 2026 guidelines.
- Recognised frameworks and tools: OWASP ASVS/MASVS and API Top 10, MITRE ATT&CK, NIST CSF, ISO 27001 and PCI DSS; tools such as Burp Suite, Nessus, Metasploit, Prowler and leading SIEM/EDR platforms.
- Certified people: CEH, OSCP, CPENT, CISA, ISO 27001 LA/LI, CHFI, CTIA and ECIH professionals.
Annex: Indicative commercial ranges
For internal sales reference only—remove this annex before sharing externally. Ranges are taken from the Codec Networks Bundled Service Models and are subject to scoping, asset counts, frequency and service levels.
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Bundle |
Package examples and indicative ranges |
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B1 VAPT Assurance |
Essential ₹1.5–5 lakh; Professional ₹5–15 lakh; Enterprise ₹15–40 lakh; Annual retainer ₹25 lakh–₹1.5 crore |
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B2 AppSec & DevSecOps |
API Quick Check ₹2–6 lakh; AppSec Professional ₹8–20 lakh; DevSecOps Maturity ₹12–35 lakh; Secure SDLC retainer ₹3–15 lakh/month |
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B3 Cloud & Zero Trust |
Cloud Essential ₹3–8 lakh; Professional ₹8–25 lakh; Enterprise ₹25–75 lakh; Continuous assurance ₹2–10 lakh/month |
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B4 Regulatory Audit |
Gap review ₹5–15 lakh; Full regulatory audit ₹15–50 lakh; Multi-framework audit ₹30 lakh–₹1.25 crore; Annual retainer ₹3–20 lakh/month |
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B5 GRC, ISO, SOC 2 |
ISO readiness ₹5–15 lakh; ISO implementation ₹15–45 lakh; SOC 2 readiness ₹15–60 lakh; GRC retainer ₹2–12 lakh/month |
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B6 Privacy & DPDPA |
Quick assessment ₹3–10 lakh; Implementation ₹10–40 lakh; DPO-as-a-Service ₹2–8 lakh/month; Privacy retainer ₹3–15 lakh/month |
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B7 Managed SOC |
Starter ₹2–5 lakh/month; Professional ₹5–15 lakh/month; Enterprise ₹15–50 lakh/month; co-managed per FTE/shift |
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B8 Forensics & IR |
Triage ₹3–15 lakh; Full investigation ₹15–75 lakh; Ransomware response ₹25 lakh–₹1.5 crore; IR retainer ₹5–50 lakh/year |
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B9 TPRM |
₹25,000–₹2 lakh per vendor; batch pricing for 50–500 vendors; retainer ₹3–25 lakh/month |
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B10 Simulation & Tabletop |
Awareness ₹1–5 lakh; Phishing simulation ₹2–10 lakh; Tabletop ₹5–20 lakh; Cyber war-game ₹15–75 lakh; Annual retainer ₹10 lakh–₹1 crore/year |
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B11 Emerging Tech |
AI/LLM risk review ₹5–25 lakh; Smart contract audit ₹5–50 lakh; Emerging tech retainer ₹5–25 lakh/month |
Talk to Codec Networks
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Contact Codec Networks Pvt. Ltd. New Delhi: 507, 5th Floor, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 Gurugram: 707, 7th Floor, Silverton Tower, Golf Course Extension Road, Sector 50, Gurugram – 122018, Haryana Landline: 011 430 496 96 | 011 437 522 99 Mobile: +91 99716 76124 | +91 88007 88220 | +91 88003 31124 Email: mktg@codecnetworks.com Web: www.codecnetworks.com |
Note: Service scope, deliverables, monitoring coverage and service levels are confirmed during engagement scoping. Services support risk reduction and assurance but do not guarantee prevention of all cyber incidents or regulatory compliance. Regulatory references are summaries; confirm against the official instruments applicable to each entity.