We are excited to announce our inclusion in CB Insights’ annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. We’re humbled to be included for the third year in a row and are in great company amongst other leading fintech and insurtech peers.
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
It has been a transformative year for insurtech firms, which have seen incredible growth due to advances across underwriting and distribution. Coalition was recognized for our unique product offering that combines best-in-class insurance and proactive cybersecurity monitoring and alerting tools. As a result of our unique approach, Coalition policyholders report 70% fewer claims compared to the industry average. We recently announced the results of our latest funding round, which increased our valuation to $3.5 billion —further proof of the critical role cyber insurance plays in an organization's overall risk management strategy. Additionally, we welcomed Attune, a technology-powered broker platform and managing general agency (MGA). Together, we become the world’s largest commercial insurtech company serving over 130,000 customers and helping organizations of all sizes to address their digital risks.
If you'd like to learn more about how Coalition can help protect your business, contact us!