Slice Labs, AXA XL and Coronet tie-up under a cybersecurity agreement
By Akshay Kedari  Date: 2019-09-26

Slice Labs, AXA XL and Coronet tie-up under a cybersecurity agreement

Small and medium sized businesses are increasingly showing a substantial growth over the digital market. These businesses are more prone to cyber-attacks, which are a constant looming threat to their business operations. Thus, many small and medium scale digital firms are increasingly adopting cybersecurity solutions to protect their data, further laying foundation for the growth of cybersecurity firms. 

Coronet, a global cloud and AI powered leader in providing security-as-a-service, reportedly announced a cybersecurity collaboration with Slice Labs Inc., a renowned provider of cloud platform for on-demand insurance, to offer medium to small sized business sector with an on-demand, cyber insurance that would be delivered by AXA XL, a subsidiary of the global insurance as well as reinsurance company, AXA.

Slice would provide on-demand cyber insurance which will be underwritten by Indian Harbor Insurance Company, an AXA XL insurance company, to Coronet’s small and medium business customers. Moreover, Slice may also offer Coronet customers a discount over the on-demand cyber insurance as they are already using advanced measures for cyber risk management.

AXA XL and Slice together launched a novel cyber insurance policy, particularly designed for small and medium businesses, through a partnership agreement that was announced in 2018.

Co-founder and CEO of Coronet, Guy Moskowitz stated that Coronet, AXA XL and Slice Labs are natural partners boasting of unique expertise in safeguarding customers from cybersecurity risks involved when using cloud technology. Every company has adopted a progressive approach towards using cloud and AI technology for facilitating protection to small and medium businesses.

Moskowitz added that businesses that adopt Coronet along with AXA XL cyber insurance as well as the on-demand platform of Slice Labs would be able to easily mitigate, detect, and eliminate risks without needing a dedicated internal security team.

Reports cite that approximately 60% of the small businesses hit by cyberattacks went out of the business within the next six months. Additionally, 50% of all the cyberattacks are aimed at smaller businesses.

Both of the Slice cyber insurance, provided by AXA XL and Coronet, offer subscription-based models, which allow small business to be protected quickly in as well as around cloud environment within minutes of them completing a short sign-up process that is done online.

 

Source credit: https://axaxl.com/insurance/news/coronet-slice-and-axa-xl-announce-cybersecurity-partnership

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Alaskans to use tax credits to aid energy efficiency & air quality
Alaskans to use tax credits to aid energy efficiency & air quality
By Akshay Kedari

Local government authorities in Alaska have reportedly approved a bill that allows the creation and utilization of property tax credit to enhance air quality and energy efficiency. Sources cite that the Senate has accepted the bill with a 17-1 vote a...

Liteye gets $3M production order as part of US Defense Industrial Base
Liteye gets $3M production order as part of US Defense Industrial Base
By Akshay Kedari

Liteye Systems, a renowned leader in CUAS (Counter Unmanned Aerial Systems), has reportedly announced the receipt of an additional specialty production order for approximately $3 million. The contract would further make sure delivery of hardware for ...

Turning Point Brands offers free sanitizer bottles to combat COVID-19
Turning Point Brands offers free sanitizer bottles to combat COVID-19
By Akshay Kedari

From offering medical aids to donating funds, many companies worldwide have come forward to help governments and people to fight the spread of the novel coronavirus. Recently, Turning Point Brands, one of the leading tobacco product manufacturers in ...

Isracann enters JV agreement to develop cannabis production in Israel
Isracann enters JV agreement to develop cannabis production in Israel
By Akshay Kedari

Isracann Biosciences Inc. has recently entered a joint venture agreement for phased partnership of 2 near-term farm operations at the Sharon Plain region in Israel. This JV agreement will provide significant revenue generating opportunities to the Is...

Russia to track people at risk of COVID-19 through their geolocation
Russia to track people at risk of COVID-19 through their geolocation
By Akshay Kedari

Mikhail Mishustin, the Russian Prime Minister, recently gave the regional authorities 5 days for developing a system that can track citizens by using mobile phone geolocation data. The move is aimed at tracking people who have come into contact with ...