Slice Labs, AXA XL Offer Lenovo Small Business Users On-Demand Cyber Insurance

On-demand cyber insurance to be offered to SMB customers as an option through the Lenovo Vantage platform.

(Image source: Slice Labs/AXA XL.)

Slice Labs Inc. (New York), an on-demand insurance cloud platform provider supporting digital ecosystems, has  announced that its cloud-based cyber insurance for small to midsize businesses (SMB), provided by one of the affiliated insurance companies of AXA XL (Stamford, Conn.), will now be offered through the Security Advisor suite of the Lenovo Vantage platform.

John Coletti, Chief Underwriting Officer, Cyber & Technology, North America, AXA XL.

Lenovo (Beijing) SMB customers will be able to access information on the cyber insurance that covers a broad range of attacks including ransomware and contributes other resources for businesses to recover from a cyber attack, according to the Slice announcement. The Slice and AXA XL cyber insurance product leverages AI and analytics to inform customers of potential attacks through cyber risk management education.

“Establishing a relationship with a global technology leader illustrates that SMBs can access on-demand cyber insurance in an even more practicable manner,” comments John Coletti, Chief Underwriting Officer of AXA XL’s cyber insurance team. “Small businesses owe it to themselves, customers, and partners to spend a few minutes to get an on-demand cyber insurance policy in place. The consequences of not doing so are way more detrimental than losing a short period of the day to purchase this product compared to the potential of having to close a business after an attack.”

Tim Attia, CEO, Slice.

Accessible Insurance Option for Rapidly Changing Threats

Through this opt-in, on-demand solution provided by Slice and AXA XL, Lenovo is able to offer its SMB customers a more accessible insurance option to help protect against a rapidly changing threat landscape.

“With cyber crime on the rise in the current environment, the enormity of protecting businesses requires a multi-pronged approach to cyber risk management comprising education, technology, and insurance,” comments Tim Attia, CEO and Co-founder, Slice Labs. “Lenovo’s robust SMB ecosystem will now benefit from a seamless addition to strengthening cyber health. We applaud their continued efforts to increase the awareness of cyber insurance to SMBs which are traditionally unaware of a potential life-saver.”

AXA XL’s On-Demand Cyber Insurance Product: John Coletti, CUO

AXA XL Debuts SMB Cyber Insurance Product on Slice ICS

 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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