Why is Allianz transitioning its cyber book to Coalition?
Coalition and Allianz have a long-standing relationship that started with Allianz X’s investment in Coalition in 2022 and has continued with capacity support in multiple regions, as well as Allianz’s CEO Oliver Bäte joining as an independent board member in 2023. This is the next logical step in growing our two companies’ relationship.
With Allianz transitioning its standalone commercial cyber portfolio to Coalition, our companies can build a global cyber platform at scale. Allianz’s cyber customers will move onto Coalition’s Active Insurance platform, creating a more proactive, tech‑driven solution than traditional cyber insurance and reinforcing Coalition’s positioning as a leading cyber insurance provider.
Through this deal, Coalition gets access to Allianz’s tied agent network, multinational customer base, and long‑term committed capacity, giving a faster, more capital‑efficient path to international growth than building country by country on its own. In exchange, Allianz gets increased equity and long‑term economic upside in Coalition rather than building a parallel, fully in‑house tech platform, so the deal is structured as a strategic partnership, not just a one‑off book purchase.
Will this deal change how Coalition does business?
Day‑to‑day, not immediately. Existing brokers, carrier partners, and customers will experience no material changes to their relationship with Coalition at signing; points of contact and core ways of working stay the same. Over time, Coalition will scale the same Active Insurance model (same tech‑driven underwriting, risk management, and claims approach), just applied to a larger, Allianz‑sourced portfolio and in more countries.
The deal expands rather than replaces today’s focus. Practically, that means continuing to serve our existing SME and mid‑market base while adding larger corporates and Allianz‑tied‑customers in phased markets.
What limits will Coalition be able to offer post‑deal (primary and excess)?
Coalition will be able to offer up to USD $25 million in cyber limits per policy on both primary and excess placements, globally, subject to underwriting appetite and local regulatory constraints. Coalition and Allianz expect to increase this maximum limit offering over time.
Will existing coverage terms/wordings change for Allianz‑originated customers?
No, all such agreements continue unchanged, until renewal when we will discuss your requirements individually including Coalition.
How will Active Insurance, scanning, and tech‑driven underwriting be applied to this legacy book?
Over time, Allianz’s standalone cyber portfolio will be brought onto Coalition’s Active Insurance platform. That means we’ll continuously scan and monitor insureds’ digital footprints, use that telemetry to inform underwriting at renewal, and proactively help policyholders fix critical issues before they turn into claims. The transition will be phased by country starting in 2026, so there’s no disruption to existing coverage or points of contact while we layer in these additional protections.
What does this mean today for existing Allianz cyber policyholders and their brokers (contacts, paper, renewals, claims handling)?
All large corporate accounts (generally clients with $1B+ in annual revenue, though this threshold will vary by geography) and tied-agent business will continue to be written on 100% Allianz paper. All accounts with less than the specified revenue threshold will transition to Coalition’s standard carrier quota share program, in which Allianz participates as a capacity provider at varying quota share percentages.
How are responsibilities for claims, incident response, and breach support divided between Allianz and Coalition?
Coalition will have primary responsibility for claims handling, with ordinary course oversight from Allianz and support from Allianz claims handlers in jurisdictions where Coalition does not yet have local claims personnel.
For incident response and breach support, Coalition Incident Response (“CIR”) will be included on the panel available to insureds in jurisdictions where CIR has operations. However, insureds will continue to have flexibility to select from other panel or approved incident response providers, subject to the terms of their policies.
Is Allianz committing additional capacity or capital beyond the transferred book, and for how long?
Yes. The deal explicitly includes both additional capacity and fresh capital commitments from Allianz beyond the portfolio being transferred. Both parties can re-evaluate the terms of the deal after 10 years.
What is the timeline for the deal?
Upon deal closing, we expect integration to begin mid-2026 in markets where Coalition already operates (U.S., Canada, UK, Australia, Nordics, Germany, France) with additional countries to follow in 2027 and beyond.
Who is Coalition?
Coalition is the world's first Active Insurance provider designed to help prevent digital risk before it strikes. Active Insurance combines comprehensive insurance coverage and proven cybersecurity tools to make cybersecurity easier to manage and less costly for businesses.
Coalition customers can receive AI-informed security alerts, expert advice, and other cybersecurity tools through its cyber risk management platform, Coalition Control®. Customers can also access incident response services through Coalition Incident Response, dba Coalition Security®, a wholly owned affiliate of Coalition Inc., which also offers additional security products and services, including Automated Detection and Response by Wirespeed™.
Insurance products are offered by Coalition through its licensed insurance producer affiliates, acting on behalf of a number of unaffiliated insurance companies and Coalition Insurance Company. Insurance products offered may not be available in all jurisdictions. All insurance products are governed by the terms, conditions, limitations, and exclusions set forth in the applicable insurance policy.
Founded in 2017, Coalition is a remote-first company with employees supporting over 100,000 policyholders worldwide.