Coalition launches in the UK
Cyber insurance startup Coalition is now live in the UK. The startup will initially distribute cyber insurance along with free active monitoring and cyber response services.
Backed by a multi-year capacity agreement with Allianz Global Corporate & Specialty, Coalition will distribute its products via brokers across the UK, targeting the SME sector.
The UK is Coalition’s second market outside the US, having launched in Canada in 2020. In North America, Coalition serves over 160,000 customers.
“We aim to democratize cyber services and protection for UK businesses and help brokers show their clients the real value of Active Insurance. With our tech-enabled approach to underwriting, we offer brokers the ability to quote and bind in seconds. We assess each risk on its merits and profile during that time, not just industry standards. This speed of service, combined with sophisticated cyber protection and comprehensive insurance protection, is a powerful offer to the UK market.” – Coalition’s head of insurance, UK, Tom Draper.