Coalition Expands Active Insurance Offering to Canadian Enterprises With Up to $5B in Revenue

TORONTOMay 2, 2024Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, today 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. 

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About Coalition

Coalition is the world's first Active Insurance provider designed to help prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate potential cyber attacks. Leveraging its relationships with leading global insurers and capacity providers, including Coalition Insurance Company, Coalition offers Active Insurance products to businesses in the U.S., the U.K., Canada, and Australia. Policyholders can receive automated cyber alerts and access expert advice and global third-party risk management tools through Coalition's holistic cyber risk management platform, Coalition Control™. 

Insurance products are offered by Coalition Insurance Solutions Canada Inc. (“CIS Canada”), a licensed insurance producer in all Canadian provinces, with its principal place of business in Vancouver, British Columbia (Canada), license #LIC-2020-0020925-R01. CIS Canada acts on behalf of a number of unaffiliated insurance companies. Insurance products offered through CIS Canada may not be available in all provinces. Complete license and carrier information is available here. CIS Canada receives commission from insurers listed on each policy in connection with the sale of insurance to the policyholder. All decisions regarding any insurance products referenced herein, including approval for coverage, premium, commission, and fees, will be made solely by the insurer underwriting the insurance under the insurer’s then-current criteria. All insurance products are governed by the terms, conditions, limitations, and exclusions set forth in the applicable insurance policy. Please see a copy of your policy for the full terms, conditions, and exclusions. Copyright © 2024. All rights reserved. Coalition and the Coalition logo are trademarks of Coalition, Inc. or its affiliates.