Digital Insurance-Group 9_compressed (1).pdf

b plamn for insuretech

2. HOW DOES IT EVEN EFFECT
YOU ?

3. BYTE LOCK
WELCOME TO
SECURE YOUR DIGITAL FUTURE, BYTE BY BYTE

4. BYTE LOCK
WE AT
SECURE YOUR DIGITAL FUTURE, BYTE BY BYTE
OUR SERVICES :
Pre-Breach Risk Management :Security Vulnerability Assessments
Breach Response Coverage:24/7 Incident Response Hotline, Data
Breach Notification Support, Credit Monitoring and Identity Theft
Protection
Post-Breach Risk Management :Business Interruption Coverage,
Crisis Management and Public Relations Support, Regulatory
Compliance Assistance

5. OUR VISION
To be the most trusted and preferred provider
of cyber security insurance solutions,
safeguarding individuals and businesses
against evolving cyber threats with innovative
technologies .

6. OUR MISSION
To deliver personalized cyber security insurance
solutions tailored to the unique needs of
individuals and businesses, while fostering
innovation and strategic partnerships to provide
comprehensive protection against evolving
digital threats.

7. WHAT ALL DO WE COVER
OUR CATEGORY IS SPECIALTY INSURANCE
1. Data Breaches:
Accidental or intentional disclosure of sensitive information
Data breaches can occur through various means
2. Financial Theft:
Unauthorized access to financial accounts
Cyber extortion (ransomware)
Business email compromise (BEC)

8. WHAT TECHNOLOGY WE USE
AI
ML
BLOCKCHAIN
CHATBOTS

9. HOW DO WE DO IT
1. Identifying the Breach or Theft:
AI/ML:
Continuously monitors network traffic and system activities for anomalies that might indicate suspicious behavior
or potential threats.
Analyzes historical data patterns to identify deviations that could signal a breach or unauthorized access.
Human Analysts: Review alerts generated by AI/ML systems and investigate potential incidents further.
Chatbots: Offer a user-friendly way for employees to report suspicious activity or potential breaches through a
conversational interface.
2. Reporting and Claim Process:
Claims Portal: An online portal powered by AI and blockchain can streamline the claim process.
Automated Data Collection: The portal can automatically gather relevant data from security logs, network activity
reports, and other sources to support the claim.
Chatbots: Guide policyholders through the claim process, answer common questions, and provide status updates in a
conversational manner.
Blockchain:
Securely stores a tamper-proof record of the claim history, ensuring transparency and data integrity.
Enables efficient communication between insurers and policyholders by providing a single source of truth for all
claim-related information.

10. HOW DO WE DO IT
3. Assessing the Loss:
AI/ML:
Analyzes data collected during breach identification and the claim process to assess the extent of the loss.
Estimates the potential financial impact of the breach, considering factors like:
Data restoration costs
Regulatory fines
Legal fees
Credit monitoring for affected individuals
Reputational damage (limited and complex to quantify)
Human Experts: Review AI/ML findings and utilize their expertise to ensure a comprehensive and accurate loss assessment.
4. Determining Coverage and Claim Payment:
Policy Analysis: AI-powered tools analyze the policy details and compare them to the nature of the breach and loss.
Automated Claim Review: Based on the policy coverage and loss assessment, AI can determine if the claim falls within the scope of the
policy and suggest a settlement amount.
Human Review and Approval: Final review and approval of the claim amount and payment by experienced insurance professionals.
5. Claim Payment and Assistance:
Automated Payment Processing: Secure and efficient claim payment through blockchain technology, ensuring faster access to funds for
recovery efforts.
AI-powered Assistance:
Provide guidance on data recovery, regulatory compliance, and public relations strategies in case of a breach.
Offer ongoing security awareness training for employees to minimize future risks.

11. WHO DO WE CATER TO
B2C MODEL WITH A PLAN TO EXPAND IN B2B
MARKET
FROM WHERE WE DO IT
ByteLock Cyber Insurance Website:
Homepage:
Explains cyber insurance and its benefits for businesses.
Offers a quote generator for cost estimation.
Provides clear information on policy options and coverages.
Policy Information:
Dedicated pages for each policy tier with details:
Services included
Coverage limits
Exclusions
Uses simple language and visuals for easy comprehension.
Offers downloadable policy documents.
Customer Portal:
For registered users:
Manage policies
Report cyber incidents securely
Submit claims with instructions
Track claim status and access documents
Access cybersecurity resources

12. FROM WHERE WE DO IT
Mobile App:
Core functionalities
Additional features (optional)
Overall, both the website and app should:
Prioritize a user-friendly and intuitive interface for easy navigation.
Emphasize clear communication around policy details and coverage
limitations.
Offer secure login and data encryption for user privacy and protection.
Provide readily accessible customer support through various channels.

13. CYBER SECURITY INSURANCE MARKET
Current Market Size: $50- 60 Million USD
CAGR :27-30% over the next 3-5 years
REASONS FOR EXPONENTIAL GROWTH
Increased Digitization
Explosive Smartphone Growth
Surging Online Activities
Rising Data Breaches
Evolving Regulations
Source: Deloitte Report

14. COMPANY NAME SERVICES OFFERED TECHNOLOGY BUSINESS MODEL
COMPETITIVE ANALYSIS
B2B and B2C
Standalone & Bundled
Policies
AI-powered risk assessment
tools, Cloud-based platforms,
Big Data analytics
DISTRIBUTION
Direct, Agent &
Brokers
Brokerage
Cyber risk assessment,
brokering of cyber
insurance policies
Proprietary risk assessment
tools, Secure collaboration
platforms Brokers
B2B and B2C
Standalone & Bundled
Policies
AI-powered claims processing,
Chatbots for customer service,
Cloud-based core systems
Direct, Agent &
Brokers
SBI Cyber VaultEdge
B2B & B2C
Standalone & Bundled
Policies
AI-powered underwriting tools,
Blockchain for data security,
Telematics integration
Direct, Agent &
Brokers
B2B
Standalone cyber
insurance policies
Cloud-based platform, API
integration for brokers, Mobile
app for policy management
Direct
TATA AIG Cyber Insurance

15. USP
360 COVERAGE
It include present and after protection from teh cyber threats , including protection
against various cyber threats such as data breaches, ransomware attacks, network
intrusions, and business interruption losses
B2C DIRECT TO CUSTOMERS CYBER SECURITY
value-added services such as risk assessment, cybersecurity training, and proactive
security measures to help policyholders mitigate cyber risks and prevent incidents.
24/7 RAPID RESPONSE AND RECOVERY
We will assure our customers of prompt and efficient claims handling processes, along
with access to specialized cyber incident response teams to minimize the impact of
cyber attacks and facilitate swift recovery
LEGAL AND REGULATORY SUPPORT
We will assure the policy holders with covering the support with handling
cybersecurity regulations and privacy laws, and offer insurance solutions that help
holders navigate complex regulatory landscapes and mitigate legal liabilities.

16. PERSONNEL PLAN
CEO
CFO/CO CTO
UNDERWITING
MANAGER
SALES
MANAGER
CLAIMS
MANAGER
IT
SPECIALIST
MARKETING
MANAGER
CUSTOMER SUCCESS
MANAGER
COMPLIANCE
OFFICER
DATA
SCIENTIST

17. KEY ACTIVITIES
BUSINESS MODEL CANVAS
VALUE
PROPOSITIONS
CUSTOMER
RELATIONSHIP
CUSTOMER
SEGMENTS
KEY PARTNERS
COST STRUCTURE REVENUE STREAM
KEY
RESOURCES
CHANNELS
Technology Partners
Insurance
Underwriters
Regulatory Bodies
Academic Institution
Marketing Partners
Risk Assessment
Policy Development
Claims Management
Customer Support
Marketing & Sales
AI/ML Systems
Cybersecurity
Infrastructure
Insurance Expertise
Customer Data
Brand Reputation
Comprehensive
Coverage
24/7 Incident
Response
AI-Driven Risk
Management
Regulatory
Compliance Support
Personalized
Insurance Solutions
Website & Mobile App
Direct Sales Force
Insurance Brokers
Partnerships with Tech
Firms
Online Marketing
Small and Medium
Enterprises (SMEs)
Individuals
E-commerce
Platforms
Financial Institutions
Large Enterprises
(Future)
Technology Development & Maintenance
Marketing & Sales Expenses
Claims Payouts
Regulatory Compliance Costs
Customer Support & Operations
Policy Premiums
Consultancy Fees
Subscription Services (Add-ons)
Partnership Agreements
Renewal Fees
Direct Customer Support
Automated Claims
Processing
Cybersecurity Training &
Education
Loyalty Programs

18. THE FINANCES
LINK FOR FINANCIALS

19. TAM: INR 730 crore
(approximately $90 million) by
2025
THE EXPECTED SALES
SAM: $20 billion by 2027
TAM: $70.66 billion by 2030
SOM: $5-7 billion
within the next few
years
GLOBAL CYBER
INSURANCE
MARKET:
SAM: INR 500 crore (about $60 million) by 2025
SOM: INR 200-300
crore (about $24-36
million) within the
next few years
INDIAN CYBER
INSURANCE
MARKET:
Targeting 10% of Indian TAM: Capture INR 73
crore ($9 million) from the projected INR 730
crore ($90 million) TAM by 2025.
Establish Market Leadership: Achieve a 20%
market share by leveraging your pioneer
status, focusing on high-demand sectors like
BFSI, healthcare, and IT.
Global Expansion: Expand into high-growth
regions like Asia-Pacific to increase market
presence and profitability.
Strategic Sales and Profit Growth: Secure a
strong position in both Indian and global
markets through competitive offerings and
strategic market penetration.

20. THE EXPECTED
GROWTH RATE
Market Valuation: The Indian cyber insurance
market is currently valued at $50-60 million.
Expected Growth Rate: The market is projected to
grow at a CAGR of 27-30% over the next 3-5
years.
Our Projected Growth: We anticipate a slightly
lower CAGR of 22-25% for our company, aligning
with industry trends.
Break-Even Point: With this growth rate, we
expect to achieve the break-even point within the
first two years of operations.
Market Demand: The demand for cyber insurance
is increasing, driven by rising awareness and the
need for protection against cyber threats, making
this a timely opportunity for growth.

21. ASK
90 Lakhs
Debt@12%

22. 5 YEAR PLAN
Year 1: Laying the Foundation (2024-2025)
Goal 1: Establish Market Presence
Goal 2: Cultivate a Strong Team
Year 2: Growth and Expansion (2025-2026)
Goal 1: Expand Service Offerings
Goal 2: Deepen Market Penetration
Goal 3: Refine AI/ML Capabilities
Year 3: Industry Leadership and
Innovation (2026-2027)
Goal 1: Achieve Industry Recognition
Goal 2: Foster a Culture of Innovation
Year 4 & 5: Sustained Growth and Impact
(2027-2029)
Goal 1: Focus on maintaining your
leadership position
Goal 2: Prioritize corporate social
responsibility (CSR)

23. THE TEAM 5
Nishita Thakur
23DM145
Palha Sharma
23DM148
Nikit Srivastava
23DM143
Sarthak Jain
23DM206
Saksham Aggarwal
23DM201
Pratiyush Ringsia
23DM161
Rohit Kumar
23DM191

24. THANK YOU