Coalition, a provider of Active Insurance designed to mitigate digital risk, has introduced Coalition Re’s Helios platform. This new tool allows cedants of Coalition Re to monitor real-time cyber risk exposures within their portfolios and enhance management through actionable insights.
Existing Coalition Re cedants can access the Helios platform immediately at no additional cost. The platform will become available to all new cedants starting July 1, 2025.
Shawn Ram, Coalition’s Chief Revenue Officer, stated that “Real-time data insights are crucial to managing a portfolio of cyber risks.” He added, “With Coalition Re’s interactive Helios platform, we are setting the standard for data collection and information processing as the cyber market matures. The new Helios platform enables cedants to gain visibility into their own systemic risk, aggregation, and catastrophe load, as well as gather meaningful context around why these risks matter and what to do about them.”
The Helios platform transforms the previous summary document approach by providing constant, self-service access to critical information. It integrates Coalition’s proprietary, internet-wide data collection capabilities with exclusive modeling and advanced analytics. This empowers cedants to make informed strategic decisions regarding portfolio risk management. Users can review data on portfolio catastrophe risk exposures and loss trends, which facilitates the quantification and strategic management of cyber risk concentrations tied to commonly used technologies and vendors across various segments. Furthermore, the platform supports improved decision-making through customized reports and aggregated views of cedants’ portfolios, aiding in the optimization of underwriting and risk management strategies.
Ram emphasized the need for a more proactive role from the reinsurance industry in risk mitigation. “While capital is important, tools that provide real-time data can help insurers manage portfolio risk more effectively by identifying systemic vulnerabilities and trends before losses occur,” he noted.
Coalition Re offers capacity for non-proportional cyber reinsurance treaties and provides a white-labeled cyber insurance product with up to 100% quota share support. This white-labeled product is designed for cedants seeking to offer cyber insurance as an endorsement to existing insurance offerings. Both services are available globally and are supported by a panel of capacity providers led by Aspen.
Coalition serves as an Active Insurance provider, combining comprehensive insurance coverage with cybersecurity tools and services to help businesses manage and mitigate potential cyberattacks. Leveraging relationships with global insurers and capacity providers, including Coalition Insurance Company, Coalition delivers Active Insurance products to businesses across the United States, the United Kingdom, Canada, Australia, Germany, Denmark, and Sweden. Policyholders receive automated cyber alerts and access to expert advice, along with global third-party risk management tools through Coalition’s cyber risk management platform, Coalition Control®.
Coalition Insurance Solutions, Inc., an affiliate of Coalition, Inc., operates as a licensed insurance producer and surplus lines broker in the United States, acting on behalf of unaffiliated insurance companies and on an admitted basis through Coalition Insurance Company (“CIC”). Reinsurance products are provided by Coalition Reinsurance Services, LLC (“Coalition Re”), a licensed reinsurer intermediary domiciled in Provo, Utah. Product availability may vary by country and jurisdiction, with coverage subject to underwriting requirements and policy language.
