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Coalition
Alex Pickup's Company Details
Coalition is the world's first Active Insurance company, designed to prevent digital risk before it strikes. The team at Coalition brings together in-depth technology, cybersecurity, and insurance expertise, applying near real-time data to help organizations assess, prevent, and cover an emerging set of digital risks. The results speak for themselves: Coalition's claims report revealed that Coalition Active Cyber policyholders reported 70% fewer claims than the industry average in 2021 as our active insurance worked to detect, monitor and alert policyholders of fast-moving risks. Active Insurance is coverage built for the digital economy where risks move at an accelerated speed and evolve far faster than risks of old. Coalition Active Insurance goes far beyond traditional insurance providing brokers and policyholders personalized profiles of digital risk. This profile is created using Coalition's Active Risk Platform, which analyzes complex sets of public data, threat intelligence, and proprietary claims information to create personalized risk assessments and threat monitoring that goes far beyond traditional insurance. Founded in 2017, Coalition has raised over $500M from leading global technology investors, including Durable Capital, T. Rowe Price, Whale Rock Capital, Index Ventures, General Atlantic, Ribbit Capital, Vy Capital, Hillhouse Capital, and Valor Equity Partners, among others. Headquartered in San Francisco, Coalition's team is global with employees based across the United States, Canada, the United Kingdom, Switzerland, and Portugal. Today Coalition serves over 140,000 small and medium businesses with Active Cyber, Active Executive Risk and traditional P&C policies. Policyholders with Coalition Active Cyber insurance reported 70% less claims than the industry average in 2021 as our active insurance worked to detect, monitor and alert policyholders of fast-moving risks.