AXA XL collaborates with Slice Labs and Microsoft on cyber risk management

AXA XL, the P&C and specialty risk division of global insurer AXA is collaborating with Slice Labs (Slice), a provider of on-demand insurance cloud technology, and Microsoft to help improve cyber health and mitigate risks for Microsoft 365 Business, Office 365 Business Premium and Office 365 Business customers.

The new relationship will give qualifying customers discounted access to Slice on-demand, cloud-based cyber insurance provided by AXA XL.

Microsoft customers will benefit from a holistic end-to-end solution that will give them the services and support they need for incident response and remediation in the event of a successful cyber-attack. These services are part of AXA XL's cyber insurance policy, which will be offered at discounted pricing to qualified customers who represent a lower insurance risk based on a security posture assessment that will be provided by Microsoft Secure Score.

"This new level of integration with Microsoft and Slice Labs reinforces the fact that insurance is no longer an after the fact product that companies should use as a band-aid when an incident occurs," said John Coletti, chief underwriting officer, AXA XL's cyber insurance team in North America. "We're excited to bring a solution to market that only large enterprises have procured in the past to SMB's who need it just as badly."

Tim Attia, CEO and co-founder of Slice, added: "Today's announcement is continued validation that our foresight as the pioneer of on-demand, cloud-based insurance that protects digital ecosystems aligns with today's B2B, B2B2C, and B2C appetites for more intelligent and flexible insurance protection."

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