What is coalition insurance and how does it work in protecting businesses?

Coalition is the world's first "Active Insurance" provider, integrating comprehensive insurance coverage with advanced cybersecurity tools to help businesses proactively identify, prevent, and manage cyber threats.

Coalition's Active Cyber and Executive Risk Insurance policies allow businesses to receive coverage at all stages of the risk management process, from risk assessment to incident response.

The company employs AI-powered risk assessment tools to provide clients with a clearer view of their cyber risks, enabling them to better understand their coverage options compared to the market.

Coalition has expanded its services significantly, now quoting policies in all 50 U.S.

states and targeting businesses with revenues up to $5 billion across various industries.

The company's innovative approach of combining insurance and cybersecurity services positions it as a leading figure in the evolving cyber insurance landscape.

Coalition's policies cover a wide range of cyber incident types, including Funds Transfer Fraud and Ransomware, providing high limits to help businesses mitigate potential losses.

By integrating cybersecurity tools and expert support, Coalition aims to help businesses spot, prevent, and respond to digital threats more effectively, reducing the overall risk of cyber incidents.

Coalition's "Active Insurance" model represents a shift from traditional cyber insurance, which often focuses on post-incident recovery, towards a more proactive risk management approach.

The company's risk assessment capabilities leverage a proprietary AI-powered data graph, providing clients with a comprehensive understanding of their cyber risks and vulnerabilities.

Coalition's cyber insurance policies are designed to cover a broad range of businesses, from small and medium enterprises to larger organizations with revenues up to $5 billion.

The company's transition to the Coalition Insurance Company, which recently received an A rating from AM Best, is a significant milestone in its expansion and ability to offer increased capacity in the cyber insurance market.

Coalition's approach to cyber risk management has been recognized for its innovation, with the company receiving various industry awards and accolades for its contributions to the evolving cyber insurance landscape.

By combining insurance coverage with advanced cybersecurity tools and expert support, Coalition aims to empower businesses to take a more proactive stance against the growing threat of cyber attacks and data breaches.

The company's focus on providing comprehensive coverage and cutting-edge risk management solutions has made it a popular choice among businesses seeking to enhance their digital resilience.

Coalition's expansion into the Canadian and UK markets demonstrates its commitment to delivering its Active Insurance model to businesses across North America and beyond.

The company's ongoing innovation and development of new products and services are designed to keep pace with the rapidly changing cyber risk landscape, ensuring its clients remain well-protected.

Coalition's data-driven approach to risk assessment and underwriting has enabled it to offer more tailored and competitive insurance solutions to its diverse client base.

The company's emphasis on collaboration with cybersecurity experts and industry partners has contributed to its ability to provide comprehensive and effective risk management solutions.

Coalition's holistic approach to cyber risk management, combining insurance, technology, and expert support, has been recognized as a best practice in the industry.

The company's commitment to continuous improvement and adaptation to emerging cyber threats has positioned it as a trusted partner for businesses looking to navigate the complex and ever-evolving digital risk landscape.