The carrier provides AM with a top rating of A-; Denotes the evolution of the coalition in a Full insurance organization
SAN FRANCISCO—(BUSINESS WIRE)–
A coalition, the first in the world Active insurance a provider built to prevent digital risk before it strikes has today announced the launch of Coalition Insurance Company (CIC), the first full stack, Active cyber insurance carrier. The launch of CIC, which recently received an A- rating from AM Bestis an important milestone for Coalition as it expands its available capacity in the cyber insurance market and transitions to a full-package insurance organization.
“The launch of Coalition Insurance Company marks 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 every business – regardless of size or industry. With our own carrier, we can innovate faster to protect the widest range of businesses from emerging cyber threats and make cyber insurance more affordable for the small businesses that need it most.”
Coalition-backed CIC Active insurance platform, will unlock new growth opportunities for insurance brokers, enabling them to provide cyber protection to a wider range of clients and provide coverage to meet specific client needs. All CIC insurance policies will include robust cyber protection for small and medium-sized businesses (SMBs), which often lack the tools and resources to mitigate cyber risks.
Coalition Insurance Company will begin quoting its admitted cyber product in many countries March 2023with national rollout expected in 2023. To learn more about Coalition Insurance Companyplease visit: https://www.coalitioninc.com/blog/introducing-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 through 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, will 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 the coalition
The coalition is the first in the world Active insurance a provider built to prevent digital risk before it happens. 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 AmericaAllianz, Ascot Group, Lloyds of London, Swiss Re Corporate Solutionsand Vantage, Coalition offers its Active insurance products on behalf of its carrier partners in US, Great Britainand Canada, and its security products for organizations worldwide. Coalition’s Active Risk platform provides automated security alerts, threat intelligence, expert guidance and cybersecurity tools to help businesses stay resilient in the face of cyber attacks. Headquarters in San FranciscoCoalition is a distributed company with a global workforce that collaborates digitally and across office centers.
src=”https://cts.businesswire.com/ct/CT?id=bwnewssty=20230130005714r1sid=acqr8distro=nxlang=en” style=”width:0;height:0″ />
Check out the source version on businesswire.com: https://www.businesswire.com/news/home/20230130005714/en/
Communications in the coalition