The Source for Cyber Insurance News, Insights and Data
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
Active Insurance provider Coalition has unveiled its latest offering, Miscellaneous Professional Liability (MPL) Insurance. “Instead of going to multiple insurers or working with multiple underwriters, brokers can come to Coalition for quotes for Cyber and MPL coverage,” said Shawn Ram, Coalition’s Head of Insurance. This move is a response to the rapidly expanding professional services … Read more
“‘CISOs think when an event comes, they know exactly what to do. But I would say the majority don’t,’ (Catherine Lyle, head of claims at Coalition) said. ‘Having tabletop exercises and incident response plans are important, and they don’t have to be super intense. Just know who you have to call when something’s gone wrong. … Read more