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Insureon Partners with Coalition to Help Small Business Owners Manage Cyber Risk
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Coalition Raises $175M to Build the Future of Commercial Insurance
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Index Ventures and General Atlantic lead round to accelerate Coalition s growth and build on its leadership in the cyber insurance market
SAN FRANCISCO, March 17, 2021 /PRNewswire/
Coalition, the leading cyber insurance and security company, today announced it has raised $175 million to accelerate its rapid growth and global expansion. Index Ventures led the funding with participation from General Atlantic and the company s existing investors, valuing Coalition at $1.75 billion. We founded Coalition four years ago with a mission to solve cyber risk, introducing a technology-led approach to risk management and insurance underwriting, pricing, and distribution, said Joshua Motta, CEO and co-founder of Coalition. Our ambitions now extend beyond cyber insurance. Nearly one in ten Fortune 500 companies is an insurance company, yet most were founded befor
Swiss Re Corporate Solutions launches Elevate to improve the insurance experience for the middle market
- Swiss Re Corporate Solutions launches Elevate to create an easier, more efficient, and enjoyable insurance experience for middle market customers and trading partners
- Elevate protects middle-sized businesses (typically between USD 25M and USD 500M in revenue) in the US
- Elevate leverages technology to streamline the underwriting process and improve the customer experience
- Elevate is initially available as Property and General Liability insurance, with more products rolling out in the future
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NEW YORK, March 17, 2021 /PRNewswire/ Swiss Re Corporate Solutions launches Elevate to bring an easier, efficient and enjoyable insurance experience to the middle market.
Coalition Raises $175M Series D at $1.75B Valuation
SAN FRANCISCO, CA March 17, 2021 Coalition, the leading cyber insurance and security company, today announced it has raised $175 million to accelerate its rapid growth and global expansion. Index Ventures led the funding with participation from General Atlantic and the company’s existing investors, valuing Coalition at $1.75 billion.
“We founded Coalition four years ago with a mission to solve cyber risk, introducing a technology-led approach to risk management and insurance underwriting, pricing, and distribution,” said Joshua Motta, CEO and co-founder of Coalition. “Our ambitions now extend beyond cyber insurance. Nearly one in ten Fortune 500 companies is an insurance company, yet most were founded before World War II. With this funding, we plan to bring our technology-driven approach to other lines of commercial insurance as we seek to build the digital insurance company of the future.”
Swiss Re Corporate Solutions and Coalition Extend Strategic Agreement
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