Dear extended Coalition team, We’re excited to announce today that we’ve received a $40M investment from leading global investment firms Ribbit Capital, Greenoaks Capital, and Hillhouse Capital, with participation from all of our existing investors. Why? Put simply: 2019 is shaping up to be a massive year for Coalition, and we want to quadruple down (literally) on our mission to solve cyber risk. Practically speaking, this… The core requirement of any risk-taking insurance platform is the ability to accurately and consistently score the risk of a potential insurance policy. Despite the buzz about artificial intelligence replacing traditional insurance underwriting, we believe best-in-class underwriting in cyber is achieved by combining human expertise with algorithmic decision-making. Active Learning is a subset of machine learning where the algorithm is able to "phone a friend", game-show style. The… Another day, another data breach. This past Friday Marriott International revealed that hackers had breached its Starwood reservation system as far back as 2014 and had stolen the personal data of up to 500 million guests. In the aftermath, Senator Ed Markey of Massachusetts described data breaches as "a black cloud hanging over the United States' bright economic horizon." So black that another Senator, Ron Wyden of Oregon,… We're excited to announce that we’ve been named to this year’s CB Insights’ Fintech 250 list, a prestigious group of the most promising companies working on financial technology across the globe. We’re humbled to be included among thirty fintech unicorns (i.e., companies valued at over$1bn) and as one of only twenty other Insurance companies. Naturally, this wouldn’t have been possible without the…

This article originally appeared in Advisen FPN on October 23, 2018. From the hacker’s perspective, it’s the perfect crime. Cyber criminals use your organization’s computing power to mine cryptocurrency, without you even realizing you’ve been compromised. Maybe you notice that your organization's computers are running slower and more sluggishly than usual. Perhaps you receive an unusually high bill from one of your web services…