Coalition

With the increasing digitalization of the world of work, data protection has become a priority for companies, whether private or public. They therefore need IT security and cyber-insurance tools. Coalition has become a world leader in this sector, and has developed a comprehensive range of services to prevent and manage cyber risks.

Backed by the world's leading insurers, Coalition's platform provides automated security alerts, threat intelligence, expert advice and tools to help companies remain resilient in the face of cyber attacks. This translates into fewer breach attempts, reduced detection, containment and recovery costs when an attack occurs, and insurance support to help the targeted company get back on its feet.

Coalition has built its cyber offering on three main foundations:

• Sell a comprehensive insurance product to protect businesses against rapidly emerging cyber and technological risks;
• Use the funds generated by this product to invest in a comprehensive security platform offering free tools, technologies and information to protect all their policyholders;
• Use the data obtained to improve insurance products and develop even more effective tools, technologies and information.

Well-known in their industry, Coalition's founders had previously created other successful companies such as Lookout, Cloudflare, OpenDNS and HackerOne. Their team also includes experts who have worked for US intelligence agencies.

According to Canalys, an institute specializing in technology market analysis, global spending on cybersecurity is set to increase by 13.2% in 2023, to reach $223.8 billion.

In 2022, Coalition achieved sales of $221 million, registering 166% growth over the previous year. Experts expect sales to reach $322 million in 2023.