Insurtech Coalition announced cyber and E&O insurance in Quebec

Cyber insurance agent and cyber security insurtech Coalition announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Coalition officially began offering policies on June 20.

Coalition’s Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses worldwide remain resilient against cyber attacks.

Brokers can receive highly streamlined quotes for small businesses to large enterprises, Coalition said, noting that its risk appetite encompasses firms with up to $1 billion in revenue (see Future of Global Cyber Insurance Market).

Insurtech will distribute its products via brokers across the province through capacity provided by Lloyd’s and Arch Insurance Canada.

Coalition’s Quebec offering is in French, including policies and endorsements. Coalition also offers French-speaking broker contacts and support staff, as well as a translated website and support center.

Quebec brokers now have access to Active Insurance coverage that combines the power of technology and insurance to help organizations identify, mitigate, and respond to digital risks before they escalate into cyber-attacks.

All Active Insurance policyholders have access to Coalition Control, the risk management platform that alerts organizations to critical vulnerabilities and security findings within their attack surfaces.

Coalition first entered the Canadian cyber insurance market in 2020 and plans to expand its presence in Quebec throughout the remainder of the year.

Coalition helps businesses manage and mitigate digital risks before they hit. Coalition offers its Active Insurance products in the U.S., U.K., and Canada through relationships with global insurers, as well as cyber capacity through its own carrier, Coalition Insurance.

The Coalition Exploit Scoring System (ESS) uses artificial intelligence to predict the likelihood and simplicity of exploitability in newly discovered software vulnerabilities. Businesses are able to determine the most pressing vulnerabilities in their systems and fix them accordingly, saving time and resources in the process.

Peter Sonner   by Peter Sonner