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

Huawei to install new 5G base stations to tackle spreading Coronavirus
Huawei to install new 5G base stations to tackle spreading Coronavirus
By Akshay Kedari

Huawei, the renowned Chinese telecommunications equipment and consumer electronics seller, reportedly announced that it would install new 5G base stations in Wuhan city to help tackle the breakout of Coronavirus. The company has already begun work to...

British officials advise limited role to Huawei in U.K. 5G network
British officials advise limited role to Huawei in U.K. 5G network
By Akshay Kedari

British officials have formally granted Huawei a limited role in the future 5G network of the U.K., dismissing the U.S. calls to completely ban Huawei. The U.S. had earlier accused the company of spying on behalf of the Chinese government.  Off...

Boom and Flight Research to bring XB-1 test flights to Mojave Corridor
Boom and Flight Research to bring XB-1 test flights to Mojave Corridor
By Akshay Kedari

Boom Supersonic, a Colorado based startup that is designing the fastest supersonic airliner in history, has reportedly announced a new strategic partnership deal with Flight Research, Inc., a leading provider of training, services and support activit...

DTM™ spinal cord stimulation shows superior back pain relief in RCT
DTM™ spinal cord stimulation shows superior back pain relief in RCT
By Akshay Kedari

Medtronic plc, a Dublin-based medical technology, services, and solutions company, has reportedly announced three-month results from a large, multicenter RCT (randomized controlled trial) demonstrating statistically meaningful (p=0.0009) and improved...

Mercury Systems, Intel bring in new flight safety-certifiable modules
Mercury Systems, Intel bring in new flight safety-certifiable modules
By Akshay Kedari

Mercury Systems Inc., one of the leading aerospace and defense companies, has recently introduced the first-ever commercially-available compute module, EnsembleSeries™ CIOE-1390 module, embedded with its BuiltSAFE™ technology and Intel&re...