Coalition Launches Coalition Insurance Company

0
15

Carrier assures AM Best rating of A-; Marks the coalition’s evolution into a full-fledged insurance organization

SAN FRANCISCO, January 30, 2023–(BUSINESS WIRE)–Coalition, the world’s first active insurance provider designed to prevent digital risk before it strikes, today announced the launch of Coalition Insurance Company (CIC), the first full-stack, active cyber insurance company. The launch of CIC, which recently received an A rating from AM Best, is a major milestone for Coalition in expanding its available capacity in the cyber insurance market and transitioning to a full-stack insurance organization.

“The launch of Coalition Insurance Company is a critical step in our company’s mission to protect the vulnerable,” said Joshua Motta, Co-Founder and CEO of Coalition. “Cyber ​​risk exists for any business—regardless of size or industry. With our own service provider, we can innovate faster to protect the broadest set of businesses against emerging cyber threats and make cyber insurance more accessible to small businesses that need it most.”

CIC, backed by Coalition’s Active Insurance platform, will unlock new growth opportunities for insurance brokers, enabling them to secure cyber protection for a wider range of clients and offer coverage to meet specific client needs. All CIC insurance policies will include robust cyber protection for small and medium-sized businesses (SMBs) that often lack the tools and resources to mitigate cyber risks.

Coalition Insurance Company will begin quoting its admitted cyber product in many states beginning in March 2023, with a national rollout expected throughout 2023. To learn more about Coalition Insurance Company, please visit: https://www.coalitioninc.com/blog/ introduction-coalition-insurance-company.

CIC is a licensed insurance company with its principal place of business in New York, New York (license #23-25930). Insurance products offered by CIC may not be available in all states. All decisions regarding any insurance products referred to herein, including approval of coverage, premium, commission and fees, shall be made solely by CIC and its representatives. All insurance products are governed by the terms, conditions, limitations and exclusions set out in the applicable insurance policy. Please see a copy of your policy for full terms, conditions and exclusions. Copyright © 2023. All rights reserved. Coalition and the Coalition logo are trademarks of Coalition, Inc. or its affiliates.

About Coalition

Coalition is the world’s first active insurance provider designed to prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate digital risks. Through its partnerships with leading global insurers, including Arch Insurance North America, Allianz, Ascot Group, Lloyd’s of London, Swiss Re Corporate Solutions and Vantage, Coalition offers its Active Insurance products on behalf of its carrier partners in the US, UK, and Canada, and its security products to organizations worldwide. Coalition’s Active Risk Platform provides automated security alerts, threat intelligence, expert guidance and cybersecurity tools to help businesses remain resilient against cyber attacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates digitally and in office centers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230130005714/en/

Contacts

Marisa Graves
Communication at Coalition
press@coalitioninc.com