Coalition, Inc.

How do we leverage real-time cyber risk data to help reduce claim frequency and be less susceptible to shocks from unanticipated cyber events? Machine learning and AI. They’re transforming actuarial science. Austin Aten, our Head of Pricing, will show you how on September 11. Sign up for the webinar to join us: https://bit.ly/3X96qki

We're not just here to handle cyber claims. 📉 We're here to help our policyholders reduce their chances of experiencing a cyber incident in the first place through security alerts. ⚠️ Most alerts fall into two categories: proactive and reactive. What's the difference, and how does that impact how you prioritize what needs to be done to reduce your risk? We've got the answers for you here 👉 https://bit.ly/4fV9s2Z

🏫 This summer we welcomed 12 interns to a variety of our engineering sub-teams. They joined from Indiana University Bloomington, University of Virginia, Western University, Waterloo, University of Massachusetts Amherst, and Massachusetts Institute of Technology. A few notable project highlights included: Nawaf Aloufi 's Workflow Guardian aimed to improve observability and operational excellence across the engineering organization. Kevin Chen analyzed data and made significant performance improvements in our internal tools, which required deep code exploration and rigorous testing. Nicholas C. worked on an impactful and innovative project to enhance the Application Service used by our Executive Risks and Cyber teams. We're very thankful for the contributions our interns made during their time with us, and we wish them all the best as they continue their education and start their careers. If you're interested in joining our Elev8 cohort in 2025, applications open in early October.

Even if you maintain regular backups, a ransomware incident can impact them. That's what happened to our policyholder, a transcription service company. Find out how Coalition Incident Response helped the company navigate a $2.5M ransom demand and how cyber coverages kicked in to help with over $1M in costs related to the claim: https://bit.ly/3W3KLbp

MDR not only reduces the cost and impact of a cyber event if one occurs, but it can also reduce the likelihood of a cyber incident occurring in the first place. That’s why we’ve expanded our premium credit on cyber insurance to include organizations that use an approved MDR solution in Canada. 🇨🇦 Learn more about the benefits of MDR and how the credit can apply to your organization: https://bit.ly/3AAo3AA

🏥 Why should healthcare organizations consider getting cyber insurance? A top priority for healthcare organizations is to protect patient information and sensitive data. Suffering a breach or failure can have a huge impact on service delivery and patient health and safety. Explore the infographic to see unique exposures and technologies and how much the average claim costs for healthcare companies.

Can we let you in on a secret? We’re not really fans of the word “scans.” It’s used in cyber insurance to discuss how insurers look for known vulnerabilities and exposures of potential clients. But at Coalition, it’s an oversimplification of how we approach assessing cyber risk. This month’s Cyber Savvy Broker Newsletter explores how we power our cyber risk assessments with the Active Data Graph, our purpose-built data collection and analysis engine. Explore how it works with insights from Tiago Henriques, VP of Research, and Austin Aten, ACAS, Head of Cyber Pricing. 

Last week, Shawn Ram, Head of Insurance, spoke with insurance commissioners at the National Association of Insurance Commissioners (NAIC) summer meeting about the latest trends, challenges, and opportunities in the cyber insurance market. He emphasized why cyber risks are uniquely challenging compared to others and shared how we stay ahead of threat actors to protect our policyholders. Shawn was joined by panelists Brent Rieth from Aon and Jamie Schibuk from Arch Insurance Group Inc.

Sam Weaver, GM of Coalition Australia, participated in a panel discussion at the National Insurance Brokers Association (NIBA) event in Brisbane. We love every chance we get to interact with our Australian brokers and help protect unprotected businesses from evolving digital risks. 🇦🇺

🤔 If you've heard the term "managed detection and response" but don't quite understand what it is and how it works, we've got you covered. 📉 Come find out how it helps reduce the cybersecurity burden on your team while also reducing your cyber risk. Reserve your spot ➡️ https://bit.ly/3Ao1vDa