Acrisure unveils Cyber Risk Assessment backed by Coalition

By Edlyn Cardoza

Acrisure, a fast-growing FinTech leader that operates a top-10 global insurance broker, recently announced a partnership with Coalition, a leading global cyber insurance and security provider. Acrisure’s Cyber Services division will offer the Coalition Risk Assessment, designed to help small and mid-size organisations understand their cyber and digital risk exposure. The risk assessment offers a personalised view into an organisation’s cyber vulnerabilities and subsequent recommendations to remediate issues. Clients can work with Acrisure to obtain security, insurance, and recovery solutions to boost resiliency and prevent costly attacks.

“Cyber threats have never been as prevalent as they are today, and these disruptions can be incredibly costly and damaging to businesses,” said Greg Williams, Co-Founder, CEO and President of Acrisure. “Coalition’s ability to identify and assess digital risks is another tool that Acrisure clients can rely on, especially as it affords access to our robust cyber services solutions.”

“Our partnership with Acrisure and its global Partner network will help amplify our mission to provide security for all,” said Coalition CEO and co-founder Joshua Motta. “Together we will work towards creating a safer digital economy where everyone can thrive and protect themselves in a digital world.”

A ransomware attack occurs every 14 seconds and financial loss and cybersecurity insurance claims are at an all-time high. Acrisure Cyber Services President Bill Meara says that, unfortunately, small to mid-size companies are both more susceptible to risk and less likely to be prepared.

“Every business faces the daily, looming threat of a cyberattack and no two companies have the same risk profile. Coalition’s active risk assessment technology enables Acrisure to offer the level of personalization and sophistication businesses need to be resilient in the face of unprecedented and increasing risk,” said Meara.

In early 2022, Acrisure announced its Cyber Services vertical, joining Insurance, Reinsurance, Real Estate Services and Asset & Wealth Management as divisions powered by Acrisure’s technology capabilities and global distribution network. Infused with deep-rooted domain knowledge and expertise in both cybersecurity and cyber insurance, Acrisure Cyber Services delivers unsurpassed speed-to-value by leveraging modern AI techniques and cloud-native architecture to minimise risk.