Many industry people believe cybersecurity insurance is not worth it, as the voting and debate in our Cybersecurity Insurance For Security Integrators Guide show.
Now, a Silicon Valley startup named Coalition is offering a different approach, combining insurance with cybersecurity software.
The company claims this positions them to provide better, more targeted coverage at a lower premium since their different facets—assessing risk, insuring against risk, and protecting against risk—create a "feedback loop" of examining, insuring, and protecting that makes all phases of the process more informed and cost-effective.
In this note, based on our talks with Coalition and their cyber insurance wholesale broker, INSUREtrust, we examine:
- This combination of insurance and software
- The company's background
- Go-to-market strategy
- Types of coverage
- Software platform
- Competitive advantage
- Input from wholesale broker partner