Coalition adds executive risks insurance products to its broker platform

Coalition adds executive risks insurance products to its broker platform | Insurance Business America

Coalition adds executive risks insurance products to its broker platform

Coalition has added new executive risks insurance products to its platform for small and midsize businesses.

In a statement, the Zurich-backed commercial insurtech provider announced that it is now offering directors & officers (D&O) and employment practices liability (EPL) capabilities to its broker platform.

Read more: Coalition names new head of insurance infrastructure and actuarial science

“Coalition’s broker platform integrates real-time financial, regulatory, and transactional data to create a seamless quoting experience where brokers can generate bindable quotes in just five minutes,” the firm said in its statement. “With executive risk products, Coalition plans to apply this same data and technology expertise to protect businesses from risks that have been accelerated with the adoption of digital technology.”

 “We first transformed the cyber insurance marketplace with a data-driven approach, and we’re excited to bring this same technology and approach to executive risks,” said Patrick Mitchell, head of executive risks at Coalition. “We are building a new kind of insurance with technology at its core. Our platform powers faster quotes for brokers and more accurate and in-depth risk assessments for clients.” Mitchell brings 20 years of experience in underwriting management liability risks and will lead Coalition’s executive risks team.

“Coalition’s technology-driven approach and seamless quoting platform align well with Zurich’s innovation initiatives,” said Brian Benjamin, head of financial lines at Zurich North America. “We’re excited to establish this relationship and create an opportunity for the small commercial enterprise to seamlessly access the strength of Zurich North America, while helping to protect their businesses.”