New York, NY (Dec. 11, 2019) \u2013 AXA XL, the P&C and Specialty Risk Division of global insurer AXA, Slice Labs Inc., the leader of on-demand insurance cloud technology, and Microsoft will work together 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.<\/p>\n
Microsoft customers will benefit from a holistic end-to-end solution that won\u2019t just help them secure their environment but will give them the critical services and support they need for incident response and remediation in the event of a successful cyber-attack. These services are all part of AXA XL\u2019s 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.<\/p>\n
Recent Forrester survey results found that cybersecurity attacks are a business reality for small and mid-size businesses (SMBs), with nearly half having had a breach within the last year. What was more concerning was that 27% of SMBs were unaware if they\u2019ve had a breach. One primary issue is that 58% of the SMBs struggle to maintain basic cybersecurity hygiene.[1<\/a>]<\/sup><\/p>\n \u201cThis 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,\u201d said John Coletti, Chief Underwriting Officer, AXA XL\u2019s cyber insurance team in North America. \u201cWe\u2019re excited to bring a solution to market that only large enterprises have procured in the past to SMB\u2019s who need it just as badly.\u201d<\/p>\n \u201cToday\u2019s announcement is continued validation that our foresight as the pioneer of on-demand, cloud-based insurance that protects digital ecosystems aligns with today\u2019s B2B, B2B2C, and B2C appetites for more intelligent and flexible insurance protection,\u201d said Tim Attia, CEO and Co-founder of Slice. \u201cThanks to the cloud, insurance has changed and is now a must-have asset in order for businesses in any market to ensure they profitability achieve their goals.\u201d<\/p>\n \u201cSlice Labs and AXA XL share our vision to improve cyber health so that businesses can confidently achieve their goals without the fears of being paralyzed by cyber criminals,\u201d said Tara Knapp, Senior Business Development & Strategy Manager of Microsoft Security & Compliance. \u201cCyber insurance is a critical component for our customers. Now, Microsoft 365 Business and Office 365 Business customers who are able to demonstrate an elevated security posture can be rewarded with better insurance rates.\u201d<\/p>\n Small business Microsoft customers can access AXA XL Cyber Insurance offered by Slice here.<\/p>\n 1. Source: A commissioned study conducted by Forrester Consulting in October 2019.<\/p>\n Slice Labs is the insurance engine behind tomorrow\u2019s cloud-based, on-demand digital services ecosystems for the new economy. Through Slice\u2019s Insurance Cloud Services (ICS) platform, Slice is enabling insurers, technology companies, and other service providers to build truly intelligent and intuitive, pay-as-you-go digital insurance products protecting the insured anytime and anywhere. Slice is licensed in the US<\/a> and the UK. To stay up to date with Slice, visit www.slice.is<\/a>.<\/p>\n AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com<\/a>.<\/p>\n AXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. To learn more, visit www.axaxl.com<\/a>.<\/p>\n Microsoft (Nasdaq: MSFT)<\/em> enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. For more information, visit www.microsoft.com<\/a>.<\/p>\n SOURCE: AXA XL<\/em><\/p>\n Tags: AXA<\/a>, Cloud<\/a>, Cyber Insurance<\/a>, cyber risk<\/a>, Microsoft<\/a>, on-demand<\/a>, partnership<\/a>, Slice<\/a>Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Collaboration gives Microsoft customers access to on-demand, cloud-based cyber insurance for the first time New York, NY (Dec. 11, 2019) \u2013 AXA XL, the P&C and Specialty Risk Division of global insurer AXA, Slice...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17834"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17834"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17834\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Notes<\/h4>\n
About Slice<\/strong><\/strong><\/h4>\n
About AXA XL<\/strong><\/strong><\/h4>\n
About AXA XL Insurance<\/strong><\/strong><\/h4>\n
About Microsoft<\/strong><\/h4>\n