Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes announced the expansion of its cyber insurance offering to large enterprise businesses in Canada with revenues of up to CAD 5 billion, except in the province of Quebec.
“This expansion to enterprise-sized businesses means Coalition can offer all the benefits of Active Insurance to customers with much larger attack surface to defend and, therefore, greater cyber exposures,” said Kelly McGuinness, Coalition’s Team Lead Canada, Production Underwriting and Eastern Business Development. “Now, large Canadian businesses can gain access to Coalition’s first integrated cyber defense that brings together active cyber risk assessment, proactive protection against cyber threats, expert response, and comprehensive cyber coverage.”
Each policy offered by Coalition Insurance Solutions Canada, Inc. (CIS Canada) includes onboarding calls with experts to guide policyholders on what to expect through their Active Insurance journey, a variety of Tabletop Exercises to guide policyholders on how to respond and recover from cyber incidents, and dedicated Security Services offerings through Coalition’s affiliate, Coalition Incident Response.
This expanded underwriting appetite is available for CIS Canada’s primary and excess programs, except in Quebec. The company’s increased appetite above its former revenue cap of $1 billion comes from a syndicated placement across its existing partners and aligns with its existing appetite. For brokers, this expansion to large enterprise businesses means an opportunity to offer Coalition policies to more customers.