Coalition is expanding its small business cyber insurance offering to Canada-based companies. London-based InsurTech Zego has expanded its partnership with RSA Insurance to provide flexible cover for van fleets.
Coalition, an MGA focused on cyber insurance for small and midsize businesses in the U.S., said it is expanding its offering to Canada-based companies.
Coverage will include proactive cybersecurity products and services and best-in-class cyber and technology error & omissions insurance to help keep businesses safe.
Coalition will offer up to CAD $20 million of comprehensive insurance coverage supported by the financial strength of Swiss Re (A.M. Best A+) to companies with up to CAD $1 billion in annual revenue. Through Coalition’s online platform, licensed insurance brokers are able to generate a quote in minutes and also provide their clients with access to Coalition’s proprietary cybersecurity tools and services that are designed to detect, mitigate and contain threats at no additional cost.
London-based InsurTech Zego has expanded its partnership with RSA Insurance to provide flexible cover for van fleets.
Zego is offering usage-based policies to delivery, courier or trade van fleets of 20-200 vehicles in the UK, reducing upfront costs for these businesses.
RSA is not providing Zego with capital, just its Standard & Poor’s “A” rating, which allows Zego to sell its van fleet product at scale, said a Zego representative, who explained that many fleets require a UK-based “A”-rated insurer. The two companies first partnered in 2018 to offer pay-as-you-go insurance for part-time courier and parcel delivery drivers.
With a Zego usage-based policy, a van fleet owner whose vehicles are not on the road will never pay more than a base subscription rate, the company said. Additionally, if the business experiences a sudden increase in demand, its costs are capped so that it will never pay more than an agreed limit.
Sources: Coalition, Zego