Coalition launches cyber insurance in Canada
Published : Saturday, 23 May, 2020 at 11:15 PM Count : 166
Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses.
The San Francisco-based company described the offer as active cyber-security products and services, as well as cyber and technology error and redemption insurance.
US $14 14.4 million broad insurance coverage for coalition clients, backed by the financial strength of Swiss Ray, will offer companies up to $1 billion in annual revenue.
Coalition says its online platform enables licensed insurance brokers to create a statement in minutes and provide their clients with access to Coalition-owned cyber-security tools and services designed to detect, mitigate and threaten any additional costs.
The Coalition announced this week that it has raised 90 million in the financial development of new products for the development of new products and global expansion.
The Coalition says its global cyber-security platform provides business risk management assistance, helping to prevent incidents in the first place and to assist during and after a crisis.
“Cyber risk is a global problem in need of a global solution,” says Shawn Ram, head of the Coalition’s insurance division. "The future of cyber security and insurance is an integrated solution to protect all assets from cyber incidents. We look forward to making this future a reality in the Canadian market."-Internet