Coalition Innovates with Advanced Cyber Reinsurance Services
Coalition Innovates with Advanced Cyber Reinsurance Services
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Cyber security leader Coalition has unveiled an innovative reinsurance intermediary, enhancing its offerings with sophisticated insights and capabilities in the cyber domain.
This initiative is underpinned by capacity providers, chiefly led by specialty insurance and reinsurance firm Aspen.
"Coalition Re represents a novel form of reinsurance entity, empowering carriers with profound insights into the cyber risks within their portfolios, transcending beyond mere capacity addition," stated Coalition’s head of insurance, Shawn Ram.
Coalition explains that Coalition Re leverages a detailed bottom-up approach to precisely price non-proportional reinsurance contracts. This enables cedents to acquire a deeper understanding of their cyber policyholders and identify critical risk sources within their portfolios.
In addition, the platform offers an all-encompassing, white-labelled product suite that includes risk mitigation tools and services, currently accessible solely to Coalition’s standalone Active Cyber Insurance policyholders.
Coalition emphasizes that active insurance provides comprehensive support to underlying policyholders before, during, and after a cyber incident, contrasting with traditional policies that lack risk mitigation and response elements.
Aspen’s head of cyber, Bobby Bianconi, highlighted that the Coalition Re solution brings essential clarity to the increasingly complex arena of cyber risk management. “We anticipate a substantial opportunity with this new capacity and the unique cyber risk insights that accompany it. Coalition is exceptionally positioned to deliver these valuable services to cedants,” he affirmed.
Content derived from Coalition’s recent announcement emphasizes the critical need for advanced cyber risk solutions in an era of escalating digital threats.
Australian private health insurance premiums are set to rise by an average of 4.41% from 1 April 2026, marking the most significant increase since 2017. Health Minister Mark Butler stated that this adjustment reflects the escalating costs of medical and hospital services, which have risen by 5% over the past financial year. This increase is expected to impact over 15 million Australians who hold private health insurance policies. - read more
In response to escalating operational costs faced by private hospitals, health insurers have increased their payments to these facilities. Recent data indicates that payments to private hospitals have risen by 7.7% in the year leading up to March 2025. This adjustment aims to support private hospitals during a period of financial strain and to ensure the continued delivery of quality health care services. - read more
In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more
As 2026 approaches, Australian insurers are facing a trio of pressing challenges: rising premium costs and shrinking insurability, escalating cyber and data risks, and increasing difficulty in hiring and retaining skilled workers. These concerns have been highlighted in industry feedback cited in Gallagher Bassett’s upcoming report, 'The Carrier Perspective: 2026 Claims Insights.' - read more
Public liability insurance is a crucial safety net for both businesses and individuals, providing protection against the financial fallout from claims of injury or damage that your business operations might cause to third parties. This type of insurance is designed to cover legal and compensation costs, safeguarding you from unexpected financial burdens. - read more
In today's ever-evolving business landscape, the significance of environmental sustainability and legal accountability is increasingly paramount. Australian enterprises, in particular, are encountering a growing need to understand and manage environmental liability. This reality not only influences corporate image but also carries substantial financial and legal ramifications. - read more
Welcome to the crucial world of risk management for Australian tradesmen. Whether you're a seasoned professional or just starting, understanding and mitigating the inherent risks in the trades industry is paramount to both the safety and sustainability of your business. This article intends to guide you through the world of risk management, emphasizing the pivotal role of liability insurance. - read more
Public liability insurance is a key consideration for business owners in Australia. This type of insurance helps protect businesses against claims made by third parties for injuries or property damage. But what exactly does it do? In simple terms, public liability insurance covers legal costs and expenses, as well as any damages awarded, if your business is found liable for an incident. - read more
Start Here !
Knowledgebase
Grace Period: A time period after the premium is due during which an insurance policy remains in force even if the premium has not yet been paid.