Coalition Inc.’s mission as a company is to solve cyber risk, according to Joshua Motta, co-founder and CEO of the San Francisco-based cyber insurance and technology firm.
That “does not mean eliminating security failures, which is largely what the cybersecurity industry has attempted to do,” by designing and selling antivirus and other applications designed to make a company secure, he said.
“We do not believe that is possible, and at the end of the day, cybersecurity is not a technical problem. It’s a risk management problem for solving cyber risks” and helping companies survive technological and security failures, he said.
The winner of the Business Insurance 2020 U.S. Insurance Award for Underwriting Team of the Year (management liability/professional liability/cyber liability), Coalition tackles these challenges by helping its customers become productive and more competitive, enabling them to embrace technology without additional risk, Mr. Motta said.
“There is not a single company in this country not dependent on a working computer, internet connection and access to data,” Mr. Motta said. Having those taken away “can be…
