Coalition has launched a new platform under its reinsurance arm, Coalition Re, aimed at giving cedants enhanced visibility into their cyber risk exposures.
The Helios platform is now available at no additional cost to existing Coalition Re cedants, with access for new cedants beginning July 1.
The Helios platform offers users a self-service interface for monitoring portfolio-wide cyber exposures in real time. Previously, cedants received portfolio data in a summary document format.
The new system instead provides ongoing access to analytics and risk metrics, enabling insurers to assess systemic exposures and risk concentration across technology providers and market segments.
In support of this offering, Coalition Re uses a bottom-up approach to structuring and pricing non-proportional reinsurance treaties. This method enables cedants to evaluate risks at a granular level.
By analyzing individual policyholder-level data, insurers can assess trends in claims frequency, common technological dependencies, and exposure to emerging vulnerabilities.
According to Coalition’s chief revenue officer Shawn Ram (pictured above), real-time data insights are essential to managing a cyber risk portfolio.
“The new Helios platform enables cedants to gain visibility into their own systemic risk, aggregation, and catastrophe load, as well as gather meaningful context around why these risks matter and what to do about them,” Ram said.
The Helios platform is part of a broader technological strategy by Coalition to apply advanced tools to cyber risk management. In 2023, Coalition introduced CoalitionAI, which integrates generative AI and large language models into its cybersecurity services.
“While capital is important, tools that provide real-time data can help insurers manage portfolio risk more effectively by identifying systemic vulnerabilities and trends before losses occur,” Ram said.
The launch of Helios also comes amid shifting dynamics in the cyber reinsurance market. Increased capacity and new market entrants have contributed to heightened competition, which in turn is affecting pricing.
The expanding availability of cyber reinsurance has created downward pressure on rates, but also introduced more sophisticated approaches to underwriting.
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