Coalition

Overview

Coalition, Inc., founded in 2017 and headquartered in the United States, operates within the insurance sector, specifically focusing on cyber insurance. The company employs between 501 and 1,000 individuals and reported significant revenue of approximately $607 million. Coalition's expertise lies in addressing the evolving landscape of cyber risks, which have intensified due to increased reliance on technology and sophisticated threat actors. Their published document, the "2023 Cyber Claims Report: Mid-Year Update," highlights a notable rise in cyber claims, particularly related to ransomware and financial fraud. The report details that the average ransom demand in the first half of 2023 reached $1.62 million, reflecting a substantial increase from previous periods. Coalition emphasizes the importance of active cyber insurance solutions to mitigate digital risks before incidents occur and to effectively manage the impact of claims. The company's analytical reports provide insights into trends and methodologies for addressing cyber threats, underscoring their commitment to helping businesses navigate the complexities of cybersecurity.

Industry