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     aeresearch.net

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

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

By Akshay Kedari

Amidst rising efforts for promoting cashless travel, prominent mobile payment providers in Asia have recently announced an integration of the cross-border digitalized payment solutions from Alipay+ in South Korea. With this move, users of e-wallet...

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

By Akshay Kedari

Sumsub will assist Seracle in building an innovative blockchain ecosystem Sumsub will offer enhanced security to Seracle at a time when losses due to cryptocurrency thefts have increased by about 60% to $1.9 billion Seracle, a global blockc...

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

By Akshay Kedari

CATL, a Chinese battery manufacturer and technology company, has reportedly introduced a new battery technology known as Module to Bracket (MTB) for heavy-duty electric trucks. As per reliable sources, the MTB technology deploys the battery module...

Arbonics nabs $1.7M to launch data & science-driven tool for landowners

Arbonics nabs $1.7M to launch data & science-driven tool for landowners

By Akshay Kedari

Arbonics, a Tallinn, Estonia-based climate tech startup, is launching a new innovative data and science-driven tool to ensure that the potential carbon income from land and forests is calculated quickly and easily for landowners in Europe to assist i...

Cruise to unveil robotaxi service in Austin and Phoenix by 2022

Cruise to unveil robotaxi service in Austin and Phoenix by 2022

By Akshay Kedari

Cruise, an American self-driving technology unit, is reportedly all set to unveil commercial robotaxi services across Phoenix, and Austin, Texas, two major spots for autonomous vehicle development, in the next 3 months before 2022 ends. During Gol...