Coalition Lands $30M Investment from MS&AD to Boost Active Insurance Services

Coalition Lands $30M Investment from MS&AD to Boost Active Insurance Services

In a significant move for the cybersecurity insurance landscape, Coalition, an InsurTech firm specializing in Active Insurance, has successfully secured a substantial $30 million equity investment from Mitsui Sumitomo Insurance (MSI), a leading subsidiary of MS&AD Insurance Group, Japan’s largest non-life insurer and a prominent player throughout the Asia-Pacific region.

Partnership Goals and Market Expansion

This strategic partnership aims to improve access to cyber insurance solutions on a global scale. By merging Coalition’s proactive risk management tactics with MSI’s extensive insurance capabilities, both firms are poised to enhance their market presence.

  • Investment Purpose: The capital infusion will facilitate MSI’s expansion into new markets.
  • Equity Stake: MSI gains an equity stake in Coalition, strengthening their collaborative efforts.

Coalition’s Innovative Insurance Model

Coalition’s approach to cyber insurance integrates coverage with proactive risk prevention tools, encapsulated in their unique Active Insurance model. Their proprietary platform, Coalition Control®, provides policyholders with:

  • Automated cyber alerts
  • Expert advice
  • Global third-party risk management solutions

Currently, Coalition operates across several key markets including the United States, United Kingdom, Canada, Australia, and Germany.

Building on Existing Collaborations

This latest funding builds on a pre-existing partnership between Coalition and MSI, which includes:

  • A multi-year capacity agreement in Australia.
  • Collaborative cybersecurity solutions targeted at small and midsize businesses (SMBs) in Japan, utilizing Coalition Control®.

Leadership Insights

Tomoyuki Motoyama, Chief Digitalisation Officer at MS&AD, expressed enthusiasm about the partnership: “Coalition has established itself as a trusted partner in the insurance ecosystem. Both our companies prioritize innovation as the cornerstone of the cyber insurance market, and we look forward to deepening our relationship as long-term equity holders.”

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Joshua Motta, co-founder and CEO of Coalition, added, “With MSI’s support, our Active Insurance model can scale effectively, solidifying our leadership in the cyber insurance sector. Together, we aim to deliver unmatched risk prevention and mitigation strategies to businesses worldwide, ensuring they possess the necessary protection in an increasingly digital environment.”

For more information about Coalition’s offerings, visit their official website at Coalition Inc..

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