Coalition launches in Germany

Cyber insurance startup Coalition has launched in Germany.

Coalition is offering cyber coverage in the country in partnership with Allianz Global Corporate & Specialty SE. Coalition’s Excess Cyber Insurance product is expected to be available in early 2025.

Allianz’s existing partnership with Coalition includes providing capacity for the company’s US, UK, and Australian cyber insurance programs.

Currently, Coalition is offering coverage in the US, UK, Canada, Australia, and Germany.

“German businesses are frequently targeted by cyber-attacks, forcing them to spend significant time and resources dealing with the aftermath. Active Cyber Insurance doesn’t just provide a safety net; it empowers businesses to actively defend against these cyber threats. We’re excited to expand this unique solution to Germany in our quest to protect more organizations worldwide.” – Joshua Motta, Coalition’s Chief Executive Officer and co-founder.