The Source for Cyber Insurance News, Insights and Data
Coalition, an Active Insurance provider, released its 2024 Cyber Claims Report, revealing that over half of all cyber insurance claims in 2023 were due to email-related fraud. The report, detailing emerging cyber trends and their impact on policyholders, found that 56% of claims stemmed from funds transfer fraud (FTF) and business email compromise (BEC), underscoring … Read more
Coalition, an insurance company focused on digital risk prevention, announced the integration of its Coalition Control platform with major cloud services, including Microsoft 365, Google Workspace, and Amazon Web Services. This new feature will allow businesses to connect their cloud services to Coalition Control, aiming to provide a more comprehensive view of their cybersecurity risks. … Read more
Coalition is among the pure play-leaders in the cyber insurance sector, touting its “Active Insurance,” which fuses insurance with cybersecurity tools to reduce client (and underwriting) risk. Earlier this year the company launched its full-stack carrier, the Coalition Insurance Company (CIC). From its new release: “(CIC) is now open for quoting Coalition’s admitted cyber product … Read more
Here it is – Your Cyber Insurance Sunday – Upload — A few items from the week. Some we reported on, and others we found interesting. Lloyd’s looks at the impact of AI, some rough news for insurtech investments, and just a little bit (sarcasm) on the UnitedHealth hack, dubbed by some as “the most … Read more
In a sign of the maturing cyber insurance market in the U.S., Coalition, the Active Insurance provider specializing in preemptive digital risk management, and Aspen Specialty Insurance Company have entered into a groundbreaking multi-year capacity agreement. The deal aims to bolster cyber insurance capabilities in the United States. Scheduled to begin on April 1, 2024, … Read more