Coalition, the world’s first Active Insurance Company, today announced the addition of Vantage to back its US excess cyber program through its Vantage Risk Specialty Insurance Company.
Over the past year, Coalition’s run rate GWP (gross written premium) has grown to exceed $650 million, as the company achieves high growth at scale. Coalition year-over-year revenue grew by more than 400% in 2021 as the company scaled to serve 140,000+ customers. Coalition’s Active Cyber and Active Executive Risk products combine insurance coverage with technology to help organizations assess, protect, and respond to digital risk. This data-driven approach to underwriting and active monitoring of threats has resulted in Coalition policyholders experiencing 70% fewer claims than the rest of the insurance market.
“Vantage’s approach to ‘Seeing Risk Differently’ is further complemented by partnering with Coalition,” said Alex Blanco, CEO of Insurance at Vantage. “We are excited to be working with Coalition, whose data-driven underwriting and unique approach to active protection of their policyholders will enhance Vantage’s evolving Cyber capabilities and offerings.”
“We are excited to welcome Vantage to our Coalition as we work to solve cyber risk and provide security for all,” said Shawn Ram, Head of Insurance at Coalition. “Coalition’s active approach to insurance helps to spot and mitigate risks before they strike, allowing us to continue our growth with new capacity providers while the majority of the cyber market is receding.”
To learn more about Coalition, visit coalitioninc.com. To learn more about Vantage, visit vantagerisk.com.
Source: PR Newswire
