Case Study: Max Life Insurance achieves industry-leading cybersecurity posture and third-party risk visibility with BitSight

Leading insurance company uses Bitsight to quantify cyber risk and minimize blind spots

Max Life Insurance, a leading India-based life insurer, faced limited visibility into its cybersecurity posture and no reliable way to measure progress or benchmark against peers. To address this, Max Life implemented BitSight Security Performance Management (SPM) and BitSight Third-Party Risk Management (TPRM) to gain an objective view of its digital footprint and vendor risks.

Using BitSight SPM and TPRM gave Max Life continuous, independent security ratings and immediate transparency across its entire vendor portfolio; the company built an ABCD vendor framework to enforce minimum security tiers for critical suppliers. As a result, Max Life achieved a BitSight score of 810 — among the best in financial services — accelerated third‑party risk assessments, improved vendor governance, and gained a single, trustworthy source of truth for measuring and benchmarking cyber risk.

Max Life Insurance

Abhishek Bansal

Ciso And Head Of Non