Mumbai, India | January 22, 2026: As India’s startup ecosystem continues to expand rapidly, founders face a complex risk landscape spanning cyber threats, regulatory scrutiny, people‑related challenges, and operational disruptions. While innovation and growth remain the primary focus, a single unforeseen incident can significantly impact business continuity, reputation, and investor confidence if risks are not addressed early.
Recognizing this gap, ICICI Lombard General Insurance, India’s leading private general insurer, hosted ‘Startup Shield – The Risk Readiness’, a focused awareness initiative designed to help startups identify, assess, and mitigate key business risks through structured planning and appropriate insurance solutions.
Event Highlights
- 100+ participants including startup founders, investors, CXOs, industry experts, and risk professionals.
- Interactive discussions on building resilient, future‑ready businesses.
- Emphasis on moving beyond risk avoidance to proactive preparedness.
- Coverage of critical risk areas:
- Cyber and data security
- Employee health and wellness
- Professional indemnity
- Directors & Officers (D&O) liability
- Asset protection
- Business interruption
Experts from ICICI Lombard shared real‑world case studies, demonstrating how timely insurance coverage and structured risk management have helped startups recover from disruptions, manage exposures, and continue growth with minimal impact.
Sandeep Goradia, Chief – Corporate, International & Bancassurance, ICICI Lombard, said: “India today is the third‑largest startup ecosystem in the world, with over 1.8 lakh DPIIT‑recognized startups driving innovation and competitiveness. As startups build ambitious businesses, their exposure to unforeseen risks rises. Through Startup Shield, we aim to shift the conversation from reacting to risk to anticipating it—helping founders protect their people, strengthen their businesses, and build lasting stakeholder trust. We aspire to become their long‑term risk partners, enabling them to scale with resilience, responsibility, and sustainable profitability.”
Strategic Impact
- Reinforces ICICI Lombard’s commitment to entrepreneurship, innovation, and sustainable growth.
- Positions risk readiness as a growth enabler, not just a compliance exercise.
- Highlights how risk preparedness is increasingly critical during investor due diligence, enterprise partnerships, and board‑level decisions.
About ICICI Lombard General Insurance Company Limited
ICICI Lombard is India’s leading private general insurance company, offering a comprehensive range of products across motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. With a legacy of over two decades, the company has issued 37.6 million+ policies, processed 3.2 million+ claims, and reported a Gross Written Premium (GWP) of ₹282.58 billion for FY 2025.
ICICI Lombard has pioneered digital transformation in insurance, migrating core systems to the cloud and introducing AI‑powered solutions. Its flagship app, IL TakeCare, has over 18.4 million downloads and features industry‑first innovations like Face Scan. The company has won multiple awards including Insurance Asia, ET BFSI Exceller, Golden Peacock, FICCI Insurance, and Stevie Asia Pacific.
Website: www.icicilombard.com
