Coalition, a pioneering Active Insurance provider, has entered into a strategic partnership with MS&AD Insurance Group, the largest non-life insurer in Japan and across the ASEAN region, to provide cybersecurity monitoring solutions to small and medium-sized businesses (SMBs).
Recently, MS&AD Insurance Group launched the MS&AD Cyber Risk Finder, the company’s very first cyber risk assessment service which was built by using Coalition Control – a risk management platform developed by Coalition.
MS&AD Cyber Risk Finder is currently available to the entire Japanese SMB market.
By using Coalition Control technology, MS&AD Cyber Risk Finder is able to offer cyber risk diagnostics and consultation services based on vulnerability information collected from internet-connected devices worldwide.
Another key highlight to note is that the Cyber Risk Finder will provide diagnostic reports to businesses. This includes personalized vulnerability scores, identified weak access points, and a prioritized list of actions to take toward remediation.
It has also been confirmed that within the coming months, the partnership between the two businesses will expand to introduce additional cybersecurity products and services.
As a result, this partnership could wind up becoming a major game changer for the industry.
Joshua Motta, Coalition’s Co-founder and CEO, said: “Cyber attacks are increasing globally, and Japan, as one of the world’s largest economies, is especially at risk. By joining forces with MS&AD, we’re committed to bolstering cybersecurity for Japanese companies by providing continuous security monitoring, active risk management, and mechanisms to transfer risk and respond to incidents. We’re thrilled to partner with MS&AD to protect those businesses in Japan that currently lack these sophisticated protections.”
Tomoyuki Motoyama, Group Chief Digital Officer at MS&AD, added: “Through our partnership with Coalition, we can offer cyber risk assessments and diagnostic services tailored for Japanese SMBs at a lower cost. Leveraging the MS&AD Group’s presence and distribution network, we will widely deliver this solution to our customers to help protect them. Moving forward, we plan to develop additional features to counter increasing cyber-attacks on supply chains targeting large companies.”
