Coalition retains a portion of the premiums earned, which we use to pay commissions to our appointed insurance brokers, service and underwrite policies, and invest in technology and resources to help our brokers and policyholders. The remainder of the premium is distributed to the carrier partners that underwrite the policy.
We also receive additional payments from our carrier partners based on the loss ratio (total losses divided by total premium) of our policyholders as a group during each year.
This gives us a strong incentive to not only help our customers prevent losses before they occur, but also to provide expert assistance to mitigate losses during and after an incident should one occur.
This way, our customers get more than just an insurance policy–they get a true partner in resiliency who shares the same incentives to prevent and mitigate losses.