Coalition powers the future of insurance distribution in Canada, offering new integration capabilities for Canadian Digital Brokers, Distributors and Technology Partners
San Francisco, CA (Sept. 22, 2021) — Coalition, the leading cyber insurance and security provider, is pleased to announce the launch of its API and partner solution in Canada to offer digital brokers, distributors and technology partners the ability to integrate Coalition’s insurance products and underwriting engine directly into their platforms and create a digital experience customized for their users and customers.
According to CB Insights, InsurTechs focused on distribution accounted for nearly 55% of all deal activity in 2020, proving efficiency in insurance distribution continues to be a major priority. With the growth of digital distribution and the power of Coalition APIs, brokers in Canada can now use their platform of choice and get Coalition quotes within 10 seconds. Coalition’s API provides partners with the ability to build a broker experience that shows premium indications, generates multiple quote options, provides bind functionality, and offers many other features that can ultimately help the broker close more business.
“Cyber risk knows no boundaries and we’ve observed an escalation of attacks on a global scale. Coalition’s APIs were built to provide partners with both the speed and scale to enhance their ability to sell cyber insurance and protect customers from one of the greatest risks facing businesses today,” said Shawn Ram, Head of Insurance for Coalition. “We’re excited to offer our APIs for distribution in Canada to accelerate our mission to solve cyber risk globally.”
Since its December 2020 API launch in the US, several Coalition partners have built on its platform, including Lockton, NFP, CyberPolicy, and Relay.
“Coalition’s APIs integrate seamlessly with Relay to further transform the broker-carrier ecosystem and provide instant quotes so brokers can close the business they were previously turning away. With the clean documentation included, the API integration with the Coalition system was fast and easy. The API go-live process was smooth, structured, and well-rehearsed. Also, the Coalition integration team is always responsive and easy to approach when questions and issues come up.” Edmund Lo, Head of Product & Engineering at Relay.
To learn more about partnering with Coalition, visit www.coalitioninc.com/partners.
Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by leading global insurers Swiss Re Corporate Solutions, Arch Insurance, Lloyd’s of London, and Argo Group, Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in all 50 states and the District of Columbia, as well as CAD $20M of coverage across 9 provinces and 3 territories in Canada. Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks. Headquartered in San Francisco, Coalition’s team is global with employees based across the United States, Canada, the United Kingdom, Switzerland, and Portugal. For more information, visit www.coalitioninc.com.
SOURCE: Coalition Inc.Tags: API, CB Insights, Coalition Inc., InsurTech, InsurTech Spotlight, launch, NFP, platform integration, Relay, solution