Coalition Increases Cyber Insurance Limits for UK Businesses to £20 Million

Coalition has raised its cyber insurance limits to £20 million for large businesses in the UK. This change follows an expanded strategic partnership with Allianz Commercial, which transferred Allianz's commercial cyber insurance business to Coalition. The partnership is expected to last for a minimum of 10 years. Allianz X had previously invested in Coalition in 2022, coinciding with Coalition's entry into the UK market. This move is aimed at enhancing coverage for large organizations amid increasing cyber threats. The new limits are designed to better protect businesses against potential cyber incidents.

Key Points: • Coalition now offers up to £20 million in cyber insurance for large UK businesses. • The increase in coverage follows a strategic partnership with Allianz Commercial. • The partnership is set for a minimum duration of 10 years.