Coalition’s Active Cyber Insurance Defends Organizations Against Digital Risk Qorus Innovation in Insurance Awards 2022 - Winner

Joshua Motta co-founded Coalition in 2017 with a mission to provide security for all. At that time, most organizations were facing an accelerating mess of digital risks, and struggling to protect themselves. Technology wasn’t just failing to solve their problems—often technology was the problem. As is still the case today, small and medium businesses and non-profit organizations in our communities bear the brunt of this risk. Organizations shouldn’t have to combat digital risk alone. Through its Active Cyber Insurance platform, Coalition strives to create a safer digital economy where all organizations can thrive. It provides tools and services that actually prevent and mitigate loss, along with expert response and comprehensive insurance coverage when all else fails. Coalition’s Active Insurance includes: Active Risk Assessment: Personalized profiles of an organization’s digital risks in near real-time, made possible by powerful data and AI that streamline the quoting process, enable accurate pricing, and identify potential issues from the start, an insight that most organizations never get from their insurer. Active Protection: Continuous scanning and monitoring of digital assets and other risk factors associated with cyber and executive risks, including personalized alerts for critical issues so brokers and policyholders know when risks change. Active Response: Support and guidance from an in-house team of experts who can respond to incidents as they occur to address threats, reduce exposure and get companies back up and running quickly when incidents strike. As companies shift more of the value from physical goods and systems to intangible assets, the importance of cyber insurance to guard against ransomware and other unique risks grows. Cyberattacks—particularly ransomware—are often devastating and have the potential to inflict serious operational and financial harm to organizations of any size. Today, Coalition’s helps 140,000+ customers build resilience against increasingly devastating digital threats. It enabled Coalition to solve 46% of reported incidents at no cost to policyholders in 2021.