Compare Life Insurance :: News
SHARE

Share this news item!

Coalition Innovates with Advanced Cyber Reinsurance Services

Coalition Innovates with Advanced Cyber Reinsurance Services

Cyber security leader Coalition has unveiled an innovative reinsurance intermediary, enhancing its offerings with sophisticated insights and capabilities in the cyber domain.

This initiative is underpinned by capacity providers, chiefly led by specialty insurance and reinsurance firm Aspen.

"Coalition Re represents a novel form of reinsurance entity, empowering carriers with profound insights into the cyber risks within their portfolios, transcending beyond mere capacity addition," stated Coalition’s head of insurance, Shawn Ram.

Coalition explains that Coalition Re leverages a detailed bottom-up approach to precisely price non-proportional reinsurance contracts. This enables cedents to acquire a deeper understanding of their cyber policyholders and identify critical risk sources within their portfolios.

In addition, the platform offers an all-encompassing, white-labelled product suite that includes risk mitigation tools and services, currently accessible solely to Coalition’s standalone Active Cyber Insurance policyholders.

Coalition emphasizes that active insurance provides comprehensive support to underlying policyholders before, during, and after a cyber incident, contrasting with traditional policies that lack risk mitigation and response elements.

Aspen’s head of cyber, Bobby Bianconi, highlighted that the Coalition Re solution brings essential clarity to the increasingly complex arena of cyber risk management. “We anticipate a substantial opportunity with this new capacity and the unique cyber risk insights that accompany it. Coalition is exceptionally positioned to deliver these valuable services to cedants,” he affirmed.

Content derived from Coalition’s recent announcement emphasizes the critical need for advanced cyber risk solutions in an era of escalating digital threats.

Published:Tuesday, 10th Sep 2024
Source: Paige Estritori

Share this news item:

Insurance News

Upcoming NDIS Planning Reforms and Their Impact on Allied Health Services Upcoming NDIS Planning Reforms and Their Impact on Allied Health Services
26 Mar 2026: Paige Estritori

The National Disability Insurance Scheme (NDIS) in Australia is undergoing significant planning reforms scheduled to commence in July 2026. These changes are poised to have a profound impact on allied health services, necessitating proactive engagement from healthcare professionals and stakeholders. - read more
Australian Private Health Insurance Premiums Set to Increase in 2026 Australian Private Health Insurance Premiums Set to Increase in 2026
26 Mar 2026: Paige Estritori

From April 1, 2026, Australian private health insurance premiums are set to rise by an average of 4.41%, marking the most significant increase since 2017. This adjustment reflects the escalating costs associated with providing medical and hospital services, which have risen by 5% over the past financial year. - read more
Artificial Intelligence Transforming Allied Health Services in Australia Artificial Intelligence Transforming Allied Health Services in Australia
26 Mar 2026: Paige Estritori

The integration of Artificial Intelligence (AI) into allied health services across Australia is significantly enhancing patient care and streamlining clinical operations. This technological advancement is reshaping the healthcare landscape, offering innovative solutions to longstanding challenges. - read more
AUSactive's New Insurance Offering: Enhanced Protection at Lower Costs AUSactive's New Insurance Offering: Enhanced Protection at Lower Costs
26 Mar 2026: Paige Estritori

AUSactive, Australia's leading body for the exercise and active health sector, has unveiled a new insurance solution designed specifically for fitness and active health professionals. This initiative aims to provide enhanced protection while offering lower premiums compared to existing market options. - read more


Life Insurance Articles

How to Choose the Right Income Protection Policy as a Beautician How to Choose the Right Income Protection Policy as a Beautician
Welcome, beauty professionals, to a discussion that could significantly impact your financial future—income protection insurance. As a beautician, your hands-on work is your livelihood, making it imperative to safeguard that income against unforeseen circumstances. - read more
Understanding the Tax Benefits of Income Protection Insurance in Australia Understanding the Tax Benefits of Income Protection Insurance in Australia
When hardship hits and earning a steady income becomes a challenge due to illness or injury, income protection insurance steps in as a crucial lifeline. This insurance acts much like a monetary buffer, providing you with a percentage of your regular income during times when you're unable to work. It's designed to offer peace of mind and stability, not just for you, but also for your dependents who rely on your financial support. - read more
Important Tips to Streamline Your Income Protection Claim in Australia Important Tips to Streamline Your Income Protection Claim in Australia
In today's unpredictable world, securing your financial future is more important than ever. Income protection insurance plays a pivotal role for working Australians by providing a safety net in case illness or injury prevents you from earning an income. As an essential part of your overall financial planning, understanding income protection is crucial for peace of mind and stability. - read more
Understanding the Tax Benefits of Income Protection Insurance in Australia Understanding the Tax Benefits of Income Protection Insurance in Australia
Income protection insurance is a crucial safeguard for many Australians, designed to provide financial stability in the event that you are unable to work due to illness or injury. This type of insurance delivers a regular income, usually up to a certain percentage of your regular earnings, ensuring that you can meet your financial obligations even when your health prevents you from earning a wage. - read more


Start Here !
life insurance
Apply now for your free Insurance assessment and price comparisons!

Start Here

Life Cover Amount:
Postcode:


All quotes are provided free and without obligation. We respect your privacy.
Knowledgebase
Insurable Interest:
A financial or other kind of interest in the insured item or person, necessary for a valid insurance contract.