Commercial insurtech provider Coalition is set to launch a new captive to take risk on its cyber insurance programmes. The captive will consolidate Coalition’s ability to manage capacity, as well as support long-term growth objectives while aligning incentives with clients. Coalition’s underwriting model of risk management is based on its broker platform, which employs real-time security, financial, regulatory and transactional data to efficiently generate quotes for cyber risk insurance and security. Dovid Tkatch, Coalition’s head of insurance infrastructure and actuarial science, will oversee development of the captive, as well as pricing, reserving, capital requirements and regulatory compliance. Shawn Ram, head of insurance at Coalition, comments: “This demonstrates our unwavering commitment to protecting businesses from cyber risk, and our confidence in Coalition’s approach to underwriting and risk management.” “With our new captive, we add another layer of security and stability, and more closely align our financial incentives with our customers.”
