info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Digital Affect Insurance Purchased By US Based Cyber Insurer “Coalition”

By Aarti Dhapte , 15 November, 2022

On 16th August 2022, Coalition, a US-based cyber insurtech, received regulatory approval to acquire Munich Re Digital Partners U.S. Holding Corporation's Digital Affect Insurance Company, a P&C insurer licensed in 50 states. The acquisition allows Coalition to offer insurance policies through its carrier. The company currently provides coverage like cyber, technology errors & omissions, D&O, and other executive risk policies through partnerships with carriers like Allianz, Swiss Re, Vantage, and Zurich.

According to a press release from Coalition's head of insurance, Shawn Ram, "This strategic decision permits Coalition to increase the scope of their market-leading active cyber insurance offering coupled with other accepted insurance products." The acquisition is a logical next step in their development. It will enable them to continue pushing the boundaries of innovation in executive risks insurance, cyber insurance, and other areas while better serving the broker partners and consumers.

Furthermore, Coalition raised USD 250 million in Series F fundraising earlier this year, valuing the business at USD 5 billion. Allianz X, Valor Equity Partners, Kinetic Partners, and other current investors took part in the round. The business claimed to be amid a "wave of growth" at the time, with run-rate GWP (gross written premium) topping USD 775 million and revenue growth over the previous year approaching 200%. In addition, Dr. Nazim Cetin, CEO of Allianz X, stated in a news release announcing the recent funding that Coalition's active, tech-based approach to cybersecurity and cyber insurance has shown to be profoundly influential, which is also reflected in its outstanding financial performance. The trends influencing the significance of cyber defense are unabating. They believe that the best way to deal with cyber threats to organizations now and in the future is to take an active approach.

Cyber Insurance Statistics For SMEs

SMEs.png

Latest News

2025.png
Honda and Renesas Collaborate for Next-Gen Software-Defined Vehicles in 2025

In January 2025, Honda Motor Co., Ltd. and Renesas Electronics Corporation declared a strategic collaboration to create a high-performance system on a chip (SoC) designed for Software Defined Vehicles (SDVs). This cooperation is intended to bolster…

Read More

2025.png
NVIDIA's Mega Omniverse Master Plan: Revolutionizing Robotics and AI by 2025

 In 2025, NVIDIA is set to transform AI and robotics with its Mega Omniverse Blueprint, a framework for designing, simulating, and optimizing robot fleets within the digital twins of industrial environments. This new initiative combines NVIDIA's…

Read More

Diseases.png
How Vaccines Helped Eradicate Deadly Diseases – A 2025 Breakthrough

Public health has benefited dramatically from vaccinations, which have helped completely eradicate or significantly lower the frequency of lethal illnesses. Vaccines will still be among the most potent weapons available in 2025 to stop global…

Read More

2025.png
Oil Prices Crash in 2025: Biggest Weekly Drop Amid Tariffs & Oversupply

Oil prices stay on track as United States (U.S.) sanctions on Canada and Mexico keep diverting the market and stable supply levels support a significant weekly decline in 2025. Reuters said this is the biggest weekly decline since October…

Read More

2025.png
Quadric and Denso Team Up to Progress Automotive AI Semiconductors for 2025

The automotive industry will benefit significantly from strategic partnerships in artificial intelligence (AI) and its use in cars. AI integration into automobiles is projected to improve considerably in the year 2025 due to the formation of various…

Read More

Author Pic
Aarti Dhapte

Team Lead - Research