Corporate India Risk & Insurance Survey 2025
* Required
1. Full Name
*
2. Designation
*
3. Contact No.
*
4. Company Name
*
5. Email Id
*
6. Location
*
7. Prudent Relationship Manager (if applicable or mention 'NA' if Not Applicable)
*
8. Gender
*
Female
Male
Prefer not to disclose
9. Years of Professional Experience
*
Up to 7 years
8 - 15 years
16 - 25 years
25 years and above
10. Industry
*
BFSI
IT/ITES
Services - Hospitality, Retail , Media, Telecom & Ecommerce
Construction & Engineering
Energy & Utilities
Chemical Manufacturing
Pharmaceutical Manufacturing
Automobile & Auto Components
Logistics & Transport
Other
11. Annual Revenue
*
Up to 500 Cr
501 Cr - 5000 Cr
Above 5000 Cr
12. Ownership Type
*
Private Sector
Public Sector
Joint Venture
Publicly Listed Company
13. Which of the following risks do you expect to have the most significant impact on your organization in the next 3 years?
*
Please rank top 5 risks on a scale of 1–5 (High to Low). Each rank should be used only once.
Risk
Rank *
Cyber incidents / ransomware
Select
1
2
3
4
5
Business Interruption
Select
1
2
3
4
5
Regulatory or policy changes
Select
1
2
3
4
5
Earthquake or other natural disasters
Select
1
2
3
4
5
Climate Shift
Select
1
2
3
4
5
Fire or Property Damage
Select
1
2
3
4
5
Environmental Hazards
Select
1
2
3
4
5
Competitive & Market Shifts (M&A, Increasing competition, etc.)
Select
1
2
3
4
5
Political & trade tensions
Select
1
2
3
4
5
Emergence of new technologies
Select
1
2
3
4
5
Damage to Brand Image
Select
1
2
3
4
5
Shortage of skilled employees
Select
1
2
3
4
5
Economic Changes
Select
1
2
3
4
5
Data Privacy
Select
1
2
3
4
5
Digital Fraud & Scams
Select
1
2
3
4
5
14. Which of these emerging risks are most relevant to your organization in the next 12 months?
*
Please rank risks from 1 to 10 (1 = most important, 10 = least important). Each rank should be used only once.
Emerging Risk
Rank *
Artificial Intelligence
Select
1
2
3
4
5
6
7
8
9
10
Emergence of new technologies
Select
1
2
3
4
5
6
7
8
9
10
Cyber threats
Select
1
2
3
4
5
6
7
8
9
10
Political & trade tensions
Select
1
2
3
4
5
6
7
8
9
10
Climate Shift
Select
1
2
3
4
5
6
7
8
9
10
Supply Chain disruptions
Select
1
2
3
4
5
6
7
8
9
10
Regulatory or policy changes
Select
1
2
3
4
5
6
7
8
9
10
Data Privacy
Select
1
2
3
4
5
6
7
8
9
10
Increasing competition
Select
1
2
3
4
5
6
7
8
9
10
Inflation
Select
1
2
3
4
5
6
7
8
9
10
This question is required
15. Based on your current practices where would you place your organizations risk management maturity?
*
Less than 40% - Reactive (No formal risk processes, respond only after incidents occur )
40% - 55% Readiness - Basic - (Some risk processes, but limited to compliance of single departments)
55% - 70% Readiness - Structured (Documented risk frameworks, regular reviews. Some cross functional involement)
70% - 85 % Readiness - Integrated (Risk management embeded in business decisions)
85 % above Readiness - Optimized (Continous improvement, advanced analytics & risk informed strategy)
This question is required
16. Which of the following are the main challenges your organization faces in improving risk management? (Select all that apply)
*
Lack of leadership focus
Budget constraints
Technology and manual process issues
Cultural resistance
Skilled talent and training gaps
This question is required
17. Does your organisation have a formal Enterprise Risk Management Program?
*
Yes, fully integrated
Yes, partially implemented
No, but we are developing one
No, with no plans to implement
Not aware
This question is required
18. What would help strengthen your Risk Management program? (Select all that apply)
*
Risk register review
Risk culture development
Linking ERM to insurance and claims history
Technological tools
This question is required
19. How frequently does your organisation conduct formal risk assessments ?
*
Monthly
Quarterly
Half yearly
Annually
Requirement basis
This question is required
20. Which of the following insurance policies does your organization currently have in place, and what is the sum insured for each policy?
*
Please select the applicable Sum Insured for every policy you have in place.
Insurance Policies
Sum Insured *
Commercial General Liability
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Professional Liability / Errors & Omissions
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Cyber Liability
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Directors & Officers
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Product Liability
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Crime Insurance
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Trade Credit
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Surety Insurance
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
Mergers & Acquisition
Select
Less than INR 20Cr
Between INR 20Cr to INR 75Cr
Between INR 75Cr to 200Cr
Between INR 200Cr to 500Cr
INR 500Cr and above
No Policy in Place
This question is required
21. Which primary occupancy category have been insured under your organization’s Property & Fire Insurance policies?
*
Manufacturing/Industrial
Commercial offices
Retail
Warehouses/Storage
Healthcare/Educational institutions
Hospitality/Hotels
Others please specify
This question is required
22. In relation to the property & fire insurance policies purchased for your organization for current year, what is the sum insured opted for Material Damage?
*
Up to INR 100 crore
INR 101 to INR 250
INR 251 – 1000 crore
INR 1,001 – 2,500 crore
Above INR 2,500 crore
Not Applicable
This question is required
23. In relation to the property & fire insurance policies purchased for your organization for current year, what is the sum insured opted for Business Interruption?
*
Up to INR 100 crore
INR 101 to INR 250
INR 251 – 1000 crore
INR 1,001 – 2,500 crore
Above INR 2,500 crore
Not Applicable
This question is required
24. How satisfied are you with your current insurance program?
*
Very Dissatisfied
Major coverage caps or missing key policies, Claims process is slow
Dissatisfied
Coverages exist but don't fully meet business needs. Terms and conditions are unclear or restrcitive rare proactive approach by insurer/broker
Neutral
Coverage not tailored to our operations, minimal extra support beyond policy placement and claims handling is acceptable but not exceptional
Satisfied
All key risks are covered with reasonable premium structure. Claims usually resolved efficiently, some value-added services (e.g., risk advice, workshops)
Very Satisfied
Coverage is comprehensive and tailored to business risk profile. Fast, transparent claims process & proactive reviews risk insights and improvement suggestion
This question is required
25. What issues or gaps do you see in your current insurance program? (Select top 3)
*
Insufficient Coverage Limits
Too Many Exclusions
High Deductibles
Premium Costs Too High
Poor Claims Experience
Lack of Specialized Coverage
Complex Policy Wordings
Inadequate Risk Assessment
Others please specify
This question is required
This question is required
This question is required
26. Which Insurance policy would you want to purchase in the next 12 months? (select all that apply)
*
Liability Covers
Commercial General Liability
Professional Liability/Errors & Omissions
Cyber Liability
Directors & Officers
Product Liability
Crime Insurance
Property Covers
Business Interruption/Loss of Profit
Fire/IAR/ PAR
Machinery Breakdown
Marine Cargo
Stock Throughput
Contractor's All Risk & Erection All Risk
Terrorism
Political Violence/War
Non-Damage Business Interruption
Specialty Policies
Trade Credit
Surety Insurance
Merger's & Acquisition
This question is required
27. What percentage of your annual budget do you allocate to risk management ?
*
Less than 1%
1 to 2 %
2 to 5%
5 to 10%
Above 10 %
This question is required
28. What percentage of your annual risk management budget do you allocate to insurance procurement?
*
Less than 1%
1 to 2 %
2 to 5%
5 to 10%
Above 10 %
This question is required
29. What are your biggest challenges in managing your company's insurance program? (Select top 3)
*
Keeping cost under control while not compromising on the coverage
Adopting new insurance products / solutions
Improving risk posture
Reducing claims and disputes
Others please specify
This question is required
This question is required
30. Which of the following large-scale change initiatives in your organization should engage the Risk & Insurance function as a key stakeholder? (Select all that apply)
*
Annual Budgeting & Strategic Financial Planning
Mergers, Acquisitions & Joint Ventures
Crisis Management, Business Continuity & Disaster Recovery Planning
Technology and digital transformation
New product or service launch
Others please specify
This question is required
This question is required
31. How often do you conduct a full review of your company's insurance portfolio?
*
Annually
Half Yearly
At renewal only
Every 2-3 years
This question is required
32. Is your organization currently facing any unresolved or delayed insurance claims? If yes, please indicate the approximate claim amount range?
*
Below ₹50 lakh
₹50 lakh – ₹5 crore
₹5 crore – ₹25 crore
Above ₹25 crore
No pending claims
This question is required
33. In which areas of insurance has your organization reported frequent claims in the past 3 years? (Select all that apply)
*
Property / Fire
Business Interruption / Loss of Profit
EAR / CAR
Marine Transit
Liability Insurance - Directors & Officers
No claims reported in any segment
Cyber Insurance
Others please specify
34. In which areas of insurance has your organization reported severe quantum (Value wise) of claims in the past 3 years? (Select all that apply)
*
Property / Fire
Business Interruption / Loss of Profit
EAR / CAR
Marine Transit
Liability Insurance - Directors & officers
Cyber Insurance
No claims reported in any segment
This question is required
35. What are the most common reasons for delays in insurance claim settlements experienced by your organization? (Select all that apply)
*
Lengthy requirement from Surveyor
Delayed assessment / report from Surveyor before settlement approval.
Disputes over policy coverage, terms, or exclusions leading to prolonged clarification.
Delays in obtaining approvals from multiple internal and external stakeholders (e.g., insurer head office, reinsurers)
This question is required
36. In the last three years, what have been the top 3 categories of losses that led to insurance claims? (Select up to 3)
*
Natural catastrophes (flood, cyclone, etc.)
Fire / Explosion
Equipment or machinery breakdown
Supply chain or transit-related damage
Theft and fraud
Errors and Omissions
Workplace accidents
Cyber incidents (e.g., data breach, ransomware)
Regulatory or compliance penalties
Others please specify
This question is required
37. What are the primary reasons for claim disputes with insurers? (Select all that apply)
*
Policy exclusions or ambiguous wording
Inadequate documentation or proof of loss
Assessment or surveyor disagreements
Settlement amount disputes
Breach of policy conditions and warranties
Others please specify
This question is required
38. Which of the following actions does your organization leverage to improve efficiency in its insurance program? (Select all that apply)
*
Senior Management Involvement
Leveraging Multi-mandate arrangements
Improving risk management practices
Exploring Reinsurance Options
Policy consolidation
This question is required
39. How are you arriving at your Sum insured for Property and Liability insurance programs? (Select all that apply)
*
Probable Maximum Loss Assesment - Using Loss Modeling and Risk Analysis
Contractual Requirements
Regulatory Requirements
Peer Benchmarking
Asset valuations
Claims experience
This question is required
40. How confident are you that your current sum insured is adequate to cover potential losses?
*
Very Confident - Sum insured fully reflects potential exposures
Somewhat confident - Reasonably aligned but minor gaps may exist
Not confident - Sum insured may be inadequate and needs review
Not sure
41. What is the usual time taken from the first notice of loss (F&OL) to final claim settlement?
*
Please select the applicable time required for each claim settlement
Risk
Time Taken *
Property Losses
Select
Less than 60 days
61 to 180 days
181-365 days
More than 365 days
Cyber Losses
Select
Less than 60 days
61 to 180 days
181-365 days
More than 365 days
Marine Losses
Select
Less than 60 days
61 to 180 days
181-365 days
More than 365 days
Business Interruption
Select
Less than 60 days
61 to 180 days
181-365 days
More than 365 days
Product Liability
Select
Less than 60 days
61 to 180 days
181-365 days
More than 365 days
Directors & Officers Liability
Select
Less than 60 days
61 to 180 days
181-365 days
More than 365 days
This question is required
42. What are the key drivers for your organization to consider risk management solutions? (Select all that apply)
*
Cost Savings
Risk Improvement
Compliance
Investor Expectations
Others, please specify
43. Do you require your vendors to maintain a minimum insurance coverage limit?
*
Yes, always as part of our standard contract
Yes, for high-risk or critical vendors only
No
44. Which of the following are most used clauses in your vendor contracts? (Select all that apply)
*
Additional Insured
Hold Harmless
Waiver of Subrogation
This question is required
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