Company: Coalition Inc.
Website: www.coalitioninc.com
Business Category: Insurance Practitioner Hybrid (Insurance Practioner & Technology Provider)
Maturity Status: Mature (more than 3 years since product went into production)
Product or Service: An integrated approach to helping prevent digital risk before it strikes, combining industry-leading security tools and broad insurance coverage
Area: Property & Casualty Insurance
Coalition is the world’s first Active Insurance provider, combining assessment, protection, and response, all in one place, to help organizations prevent digital risk before it strikes. Coalition’s cyber risk management platform, Coalition Control™, is designed to help organizations detect, assess, mitigate, and transfer their cyber risk exposure. Coalition offers comprehensive insurance coverages, including Cyber, Tech Errors & Omissions (E&O), Directors & Officers D&O), Miscellaneous Professional Liability (MPL), Crime, Fiduciary Liability, and Employment Practices Liability (EPL).
What makes us an InsurTech:
Traditional insurance isn’t built for today’s fast-moving digital risks – so we created Active Insurance to protect the unprotected. Using market-leading cyber coverage, innovative technology, and expert, in-house support, Coalition helps minimize the impact and frequency of cyber incidents. We harness cutting-edge security services and proprietary data to help our customers take charge of their cyber risk and help prevent future attacks.
Major features & technology used:
At the core of Coalition is our Active Risk Platform, which enables us to build an accurate picture of an organization’s digital risk by bringing together proprietary data and advanced analytics. It powers faster quotes, more accurate and in-depth risk assessments, and informed incident response.
Our flagship risk management platform, Coalition Control™, provides our customers with an unparalleled view of their most pressing cyber risks and allows them to act before they escalate into full-blown incidents. The industry-leading risk management platform routinely scans an organization’s entire digital footprint to look for existing and emerging vulnerabilities, leverages machine learning and AI to get better visibility into which risks matter most, and helps customers resolve threats before they become attacks.
Finally, if an incident does escalate, Coalition provides support and guidance for both brokers and policyholders to help address and resolve these issues. Coalition offers policyholders access to an in-house claims team and risk counseling, as well as security services, including an affiliate incident response organization and managed detection and response. By embracing robust security scanning data and new technologies like generative AI, Coalition can also help organizations’ security and IT teams prioritize mitigating vulnerabilities based on which are most harmful.
News & Updates
See the latest Coalition news.
About Coalition
Coalition is the world’s first Active Insurance provider designed to help prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate digital risks. Coalition offers its Active Insurance products in the U.S., the U.K., Canada, and Australia through relationships with leading global insurers and cyber capacity through its own carrier, Coalition Insurance Company. Coalition’s Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses worldwide remain resilient against cyber attacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates digitally and in office hubs. For more information, visit www.coalitioninc.ca.
Source: Coalition Inc.
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