Coalition today introduced Coalition Re’s Helios platform, a new tool that allows cedants to view real-time cyber risk exposures in their portfolios and manage them more effectively.
With the Helios platform, information previously provided to cedents only via a summary document is now always accessible via a self-service tool.
“Real-time data insights are crucial to managing a portfolio of cyber risks,” said Shawn Ram, Coalition’s chief revenue officer. “With Coalition Re’s interactive Helios platform, we are setting the standard for data collection and information processing as the cyber market matures. 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.”
The platform leverages Coalition’s proprietary, internet-wide data collection capabilities, exclusive modeling, and advanced analytics to empower cedants to make strategic portfolio risk management decisions. Cedants can review information about portfolio catastrophe risk exposures and loss trends, enabling them to quantify and strategically manage cyber risk concentrations caused by commonly used technologies and vendors across segments. The Helios platform also provides customized reports and aggregated views of cedants’ portfolios, allowing them to optimize underwriting and risk management strategies.
Existing Coalition Re cedants can access the platform at no additional cost now. All new cedants will be able to access the platform starting on July 1, 2025.
“The reinsurance industry must play a more proactive role in risk mitigation,” added Ram. “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.”
Related: Coalition Starts Reinsurance Intermediary Coalition Re Led by Aspen Capacity
Topics Cyber
Was this article valuable?
Here are more articles you may enjoy.
Erie Insurance Facing 2 Class Actions Claiming Data Breach 
Carnival Cruise Lines Not Liable for Teen’s Sexual Assault on Ship, Appeals Court Finds 
Trump Can’t End FEMA But It Needs Reform, Says Obama’s FEMA Head 
Florida Property Insurance Premiums Surge 34% Since Late 2022 
