Coalition, the world’s first Active Insurance provider designed to help prevent digital risk before it strikes, introduced Coalition Re’s Helios platform, a new tool that enables cedants of Coalition Re to view real-time cyber risk exposures in their portfolios and manage them more effectively with actionable insights. Existing Coalition Re cedants can access the platform at no additional cost now, and all new cedants will be able to access the platform starting on July 1, 2025.
“Real-time data insights are crucial to managing a portfolio of cyber risks,” said Shawn Ram, Coalition’s Chief Revenue Officer. “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.”
Cyber Technology Insights : Gigamon Advances Deep Observability with AI to Uncover Shadow AI Risk
With Coalition Re’s Helios platform, information previously provided to cedants only via a summary document is now always accessible via a self-service tool. The user-friendly Helios platform leverages Coalition’s proprietary, internet-wide data collection capabilities, exclusive modeling, and advanced analytics to empower cedants to make strategic portfolio risk management decisions. Cedants can review information about portfolio catastrophe risk exposures and loss trends, enabling them to quantify and strategically manage cyber risk concentrations caused by commonly used technologies and vendors across segments. The Helios platform also facilitates better decision-making with customized reports and aggregated views of cedants’ portfolios, allowing them to optimize underwriting and risk management strategies.
Cyber Technology Insights : Zilliz Announces General Availability of Zilliz Cloud BYOC on GCP
“The reinsurance industry must play a more proactive role in risk mitigation,” added Ram. “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.”
Coalition Re provides capacity for non-proportional cyber reinsurance treaties, as well as a white-labeled cyber insurance product with up to 100% quota share support for cedants seeking to offer cyber insurance as an endorsement to an existing insurance product offering. Both are available globally and supported by a robust panel of capacity providers led by Aspen.
Cyber Technology Insights : Proofpoint Appoints Tom Corn as Executive Vice President and General Manager
To participate in our interviews, please write to our CyberTech Media Room at sudipto@intentamplify.com
Source: businesswire
