Innovation intelligence brief

Coalition

San Francisco, United StatesPure InsurTechCyber Insurance

Start-up

Coalition offers cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools

What became of it

2026 evolution

Completed · High confidence · Last verified 2026-10-17

Status: Independent
Current brand: Coalition ↗
Owner: Coalition, Inc.

As catalogued

'Active Insurance' model combining cyber insurance for SMEs with continuous external attack-surface monitoring and security tools, so the insurer actively reduces policyholders' risk.

2026 reality

Coalition sells Active Cyber Insurance for enterprises and Active Cyber and AI Insurance for SMEs, plus executive risks, tech E&O and miscellaneous professional liability, with capacity from Allianz, Arch, Swiss Re Corporate Solutions, Zurich and others. It also sells security products (Wirespeed automated detection and response/AI SOC, Coalition Control, training, incident response) and cites 100k+ clients.

What changed

Expanded geographically into continental Europe (Germany 2024, Denmark and Sweden 2025, France 2025) on Allianz capacity; added enterprise cyber and AI-risk cover; created Coalition Re (2024) for cyber reinsurance; acquired MDR platform Wirespeed (2025) to extend its security services.

What remains distinctiveAnalysis

a reference player in cyber insurance whose combination of underwriting data, monitoring and managed security is increasingly a services business alongside insurance.

Key milestones

2021 Raised USD 205m Series E at a reported USD 3.5bn valuation.[2]
2024-08-01 Launched Active Cyber Insurance in Germany with Allianz capacity.[3]
2024-09 Launched Coalition Re, a cyber reinsurance intermediary offering non-proportional treaty capacity and a white-label cyber product, backed by an Aspen-led panel.[8]
2025-05 Launched in Denmark (1 May) and Sweden (8 May) via a German subsidiary with Allianz Commercial capacity.[4]
2025-06 Introduced the Helios platform for Coalition Re cedants.[7]
2025-08-20 Launched Active Cyber Insurance in France via Coalition Insurance Solutions GmbH with Allianz capacity.[9]
2025-11 acquisitionAcquired Wirespeed, an automated managed detection and response platform.[5][6]

Third taxonomy

InsurTech Evolution (2026)

Company status: Independent
Strategic evolutionchange: Expanded
Business model (2026): B2B commercial lines Service-based Risk transfer / capacity
Business model shiftchange: New insurance lines Geographic expansion
Insurance value chain: Distribution & sales Underwriting & pricing Claims Risk prevention Risk capital & reinsurance
Technology evolution: AI-enhanced Data-driven
Market positioning: Insurer / carrier MGA / program administrator Technology provider
Innovation maturity: Scaling
Current relevance: High

Explore the 2026 taxonomy →

Open questions

Extent of risk retained via Coalition Insurance Company and its captive versus pure MGA programs; carrier launch dates predate or overlap the catalog entry and were not treated as a change.
Business Wire pages returned HTTP 403; the Helios (June 2025) details rely on search-result summaries.

REVIEW · Verified the Germany launch (1 August 2024, AGCS capacity), the Wirespeed acquisition (November 2025), the Coalition Re launch (September 2024, Aspen-led panel) and the France launch (20 August 2025). Dated the Coalition Re milestone, added a France milestone with its source, and added the Polsinelli source to the Wirespeed milestone.

Research sources (9)

[1] Coalition website · Coalition, Inc. · 2026 · official
[2] Coalition raises $205M to combine cyber insurance, security tools · SDxCentral · 2021-09 · press
[3] Coalition expands Active Cyber Insurance to Germany · Reinsurance News · 2024-08 · press
[4] Coalition expands its reach with new Active Cyber Insurance product for Denmark and Sweden · FinTech Global · 2025-05-02 · press
[5] Coalition Buys Wirespeed To Expand Automated Managed Detection And Response Capabilities · Pulse 2.0 · 2025-11-09 · press
[6] Polsinelli advises Wirespeed on sale to Coalition · Polsinelli · industry
[7] Coalition Re Helios platform announcement · Business Wire · 2025-06-24 · official
[8] Coalition Re launched to provide active cyber reinsurance, backed by Aspen-led capacity · Reinsurance News · 2024-09-09 · press
[9] Coalition launches Active Cyber Insurance in France · Insurance Edge · 2025-08-20 · press

Documented evidence

Evidence gallery

9 ASSETS

Homepage 01-2022
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Homepage 01-2022

Research interpretation

Taxonomy position

Classification paths, as catalogued, connect this example to the original insurance digitalization research models.

Value Network (2017)

Data-Driven Infrastructure Operations › TC2 Exploiting data for risk assessment and underwriting › Advanced data science
Data-Driven Infrastructure Operations › TC2 Exploiting data for risk assessment and underwriting › External data
Digital Service Provisioning › TC5 Complementing insurance with prevention and recovery services › Loss mitigation, recovery service
Digital Service Provisioning › TC5 Complementing insurance with prevention and recovery services › Predictive prevention, proactive warnings
Insurance Service Development › TC9 Covering new risks › Coverage of risk arising from new phenomenon
Insurance Service Development › TC9 Covering new risks › Coverage of risk based on new data sources

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