Allianz enters multi-year partnership with cyber MGA Coalition 

Downloads

Allianz today announced a new multi-year partnership with Coalition, a leading cyber insurance and security provider, headquartered in San Francisco. Allianz provides Coalition with long-term committed capacity for its US cyber insurance programs and will lead Coalition’s UK cyber program when it launches later this year.

“Cyber is one of the top risks for businesses globally and while the risk landscape is not getting any easier, we are expanding our offering for customers,” said Scott Sayce, Global Head of Cyber at Allianz. “We constantly urge our customers to strengthen their cyber defenses and, with its innovative approach to cyber risk, Coalition has proven that data and technology can be very effective to prevent and resolve cyber claims.”

The global economy loses up to USD 1.5 trn annually due to cyberattacks. To date, few companies are adequately equipped to identify and manage these risks effectively. SMEs and mid-market companies especially face challenges procuring the tools, skills and resources needed to protect themselves. With this partnership Allianz complements its products and distribution network with Coalition’s ‘Active Cyber Insurance’ approach and supports precisely this SME and mid-market segment in the U.S. and UK. 

Coalition combines cyber coverage with AI-powered security tools to help customers spot, prevent and respond to cyber risk. Proactive and real-time risk screenings deliver accurate insights on digital risks, while 24/7 access to incident response experts enable organizations to respond to threats at early stage. As a result, customers experience a substantially lower frequency of claims compared to the cyber market average. 

“We’re thrilled to have Allianz, one of the world’s largest insurance companies, partner with Coalition to protect the unprotected,” said Shawn Ram, Head of Insurance at Coalition. “There are far too many companies who simply aren’t prepared to manage and mitigate cyber risk. Coalition’s approach of Active Insurance offers demonstrably better protection from cyber threat and with Allianz’s support we will be able to help protect more organizations worldwide.” 

The Allianz Group is one of the world's leading insurers and asset managers with more than 126 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 706 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.7 trillion euros** of third-party assets. Thanks to the systematic integration of environmental, social and governance criteria in our operations, business processes and investment decisions, we continue to be recognized as among the sustainable insurers in the Dow Jones Sustainability Index (September 23, 2022). In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.
** As of September 30, 2022

Press contact

Anja Rechenberg
Allianz SE
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

Further information

Canning the throwaway mentality: Repair versus replace in motor insurance

The decision of whether to repair or replace a damaged car part has significant impact on CO2 emissions. In this interview, Christoph Lauterwasser, Managing Director of the Allianz Center for Technology, talks about one of the crucial levers for becoming more sustainable in motor insurance.

Allianz calls for green repairs

The 10th Allianz Motor Day addressed the question of how sustainable car insurance can be. The discussions at the international event hosted by Allianz focused on how electromobility can be promoted as a key lever for decarbonization on both the product and service sides and how CO2 emissions can be reduced through sustainable claims management.

Allianz Direct launches partnership with CHECK24

Allianz Direct and CHECK24 are launching a strategic partnership in Germany and Spain: in future, consumers in both countries will be able to access Allianz Direct products on CHECK24's comparison portals. The first joint product launch will be in motor insurance in Germany.