Coalition launches Allianz backed active cyber insurance in Nordics
By Michael Jones
May 1 - (The Insurer) - Coalition has launched its Allianz Commercial-backed active cyber insurance in the Nordic region, the company said on Thursday.
Coalition said the product is available from May 1 in Denmark and in Sweden from May 8 through its subsidiary Coalition Insurance Solutions, filial af Coalition Insurance Solutions GmbH, Tyskland.
Allianz has provided capacity for the product through a multiyear agreement, Coalition said. This will be available to businesses with revenue up to 7.5 billion Danish crowns ($1.14 billion) in Denmark and 11 billion Swedish crowns ($1.14 billion) in Sweden on a primary basis with no minimum premium requirement.
The announcement said that Allianz's current cyber product remains available without any change.
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