Coalition Innovates with Advanced Cyber Reinsurance Services
Coalition Innovates with Advanced Cyber Reinsurance Services
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Cyber security leader Coalition has unveiled an innovative reinsurance intermediary, enhancing its offerings with sophisticated insights and capabilities in the cyber domain.
This initiative is underpinned by capacity providers, chiefly led by specialty insurance and reinsurance firm Aspen.
"Coalition Re represents a novel form of reinsurance entity, empowering carriers with profound insights into the cyber risks within their portfolios, transcending beyond mere capacity addition," stated Coalition’s head of insurance, Shawn Ram.
Coalition explains that Coalition Re leverages a detailed bottom-up approach to precisely price non-proportional reinsurance contracts. This enables cedents to acquire a deeper understanding of their cyber policyholders and identify critical risk sources within their portfolios.
In addition, the platform offers an all-encompassing, white-labelled product suite that includes risk mitigation tools and services, currently accessible solely to Coalition’s standalone Active Cyber Insurance policyholders.
Coalition emphasizes that active insurance provides comprehensive support to underlying policyholders before, during, and after a cyber incident, contrasting with traditional policies that lack risk mitigation and response elements.
Aspen’s head of cyber, Bobby Bianconi, highlighted that the Coalition Re solution brings essential clarity to the increasingly complex arena of cyber risk management. “We anticipate a substantial opportunity with this new capacity and the unique cyber risk insights that accompany it. Coalition is exceptionally positioned to deliver these valuable services to cedants,” he affirmed.
Content derived from Coalition’s recent announcement emphasizes the critical need for advanced cyber risk solutions in an era of escalating digital threats.
The Australian Trucking Association (ATA) has expressed strong opposition to the Productivity Commission's proposal to more than double the tax on truck fuel. The plan suggests phasing out fuel tax credits for trucking operators, effectively increasing the fuel tax rate from the current 32.4 cents per litre to 66.1 cents per litre by 2035. - read more
In a recent update, catastrophe data provider PERILS has increased its insurance industry loss estimate for the severe convective storms that struck Queensland and New South Wales between November 21 and 27, 2025. The revised estimate now stands at AU$2.95 billion, marking an 11% rise from the initial figure of AU$2.663 billion released in January 2026. - read more
In a recent legal decision, the Federal Court dismissed a truck driver's insurance claim against the Australian Retirement Trust. The case centred on whether the driver had active insurance coverage through his superannuation account, particularly concerning the 'dangerous occupation exception.' - read more
AIA Australia has announced significant updates to its Priority Protection life insurance suite, effective from 9 November 2025. These enhancements are designed to simplify discounts, improve policy clarity, and support premium affordability for policyholders. - read more
Recent data indicates a notable decline in life and income protection insurance premiums across Australia, providing consumers with more affordable coverage options. According to the latest Direct Life Insurance Report from Rainmaker Information, direct life premiums have decreased by 7% since 2024. Similarly, direct income protection premiums have seen significant reductions, with average premiums for waiting periods of 30 days and 90 days decreasing by 12% and 13%, respectively. - read more
Financial security is crucial in today's unpredictable world, where unexpected events can disrupt the stability and comfort of our daily lives. For Australians, protecting one's income and lifestyle from unforeseen circumstances is a key component of personal finance. - read more
Welcome to the world of insurance – a domain where words like 'deductible' and 'premium' can significantly impact your financial protection and peace of mind. As a beginner, grasping the basics of insurance terminology is the first step towards making informed decisions about the policies that safeguard your assets and future. In this guide, we will embark on a journey through the language of insurance, which can often seem as complex as the policies themselves. - read more
Income protection insurance is a safeguard that provides individuals with financial stability in the event they are unable to work due to illness or injury. This type of insurance typically replaces a significant percentage of the insured's income, ensuring that their financial commitments can still be met during periods when they cannot earn an income through employment. - read more
Have you ever thought about how you would manage financially if you couldn't work due to an illness or injury? Income protection insurance is designed to replace a significant portion of your income if you find yourself unable to earn for an extended period. It's an essential safety net, providing peace of mind and financial stability during times of uncertainty. - read more
For self-employed Australians, the financial stability provided by consistent income is the backbone of both personal and business success. Unlike traditional employees, who might have access to sick leave or employer-sponsored disability benefits, self-employed individuals are solely responsible for their financial security in the event of illness or injury. This is where income protection insurance steps in as a crucial safeguard. - read more
Knowledgebase
Insurance Policy Excess: The amount you will have to contribute when you make a claim.