Insurtech Magazine September 2023 | Page 33

02 Coalition

02 Coalition

US $ 5bn
Founded in 2017 , Coalition combines comprehensive insurance coverage with preventative cybersecurity tools , access to digital forensics , and incident response to help organisations identify , mitigate and insure against all types of digital risk . The insurtech unicorn boasts 500 employees and serves more than 160,000 customers worldwide . Its Active Insurance combines industry-leading cybersecurity tools , access to round-the-clock digital forensics and incident response and broad insurance coverage to help organisations identify , mitigate and insure digital risk .
It closed its most recent Series F funding last year , raising an additional US $ 250m to increase its valuation from US $ 3.5bn to US $ 5bn . It is one of the largest cyber insurance and security providers in the United States and Canada .
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