US InsurTech Coalition, a leader in cyber risk management solutions, has officially launched its Active Cyber Insurance product in the Nordic region.
This new offering reflects Coalition’s strategic response to the increasing demand for robust cyber risk management tools amidst the growing prevalence of cyberattacks, according to InsurTech Insights.
As cyber threats continue to escalate, Coalition’s Active Cyber Insurance aims to help businesses in Denmark and Sweden proactively tackle digital risks. The product combines comprehensive cyber insurance coverage with advanced risk management tools, offering businesses access to critical cybersecurity insights and resources. Coalition’s platform enables brokers to generate quotes quickly and provides training to clients, helping them strengthen their cybersecurity practices.
In the event of a cyber incident, Coalition’s claims and response teams are ready to assist. Currently, the coverage is available in Denmark, with plans to launch in Sweden on May 8, 2025. The product is designed for businesses with annual revenue up to DKK 7.5 billion or SEK 11 billion, with no minimum premium requirement.
The coverage is underwritten by Allianz Commercial through a multi-year agreement, while continuing to address more complex, multinational risks. Coalition and Allianz are also focused on expanding their support throughout the Nordic region.
Margaretha Mo, Managing Director for the Nordics at Allianz Commercial, emphasized that cyber risks are among the most significant threats facing businesses today, underscoring the importance of a solution that helps companies identify and prevent potential cyber damages more effectively.
