Slice Labs, a U.S.-based insurtech firm, announced earlier this week that it has teamed up with insurer XL Catlin to create an on-demand cyber insurance solution for small and medium-sized business. According to Slice, the solution will be built on the Slice Insurance Cloud Services (ICS) platform.
Slice reported that the ICS platform enables XL Catlin to take a more holistic and advanced approach to cyber protection. The company revealed:
“The new cyber solution will include services designed to help clients best prepare for cyberattacks. The subscription and usage-based cyber solution will be available on-demand for SMBs. The product will use artificial intelligence to deliver real-time alerts to customers and enable them to better manage their risk postures.”
While sharing more details about the solution, John Coletti, XL Catlin’s Chief Underwriting Officer of Cyber & Technology in North America, stated:
“SMBs must contend with the same cyber issues as large corporates. Unfortunately, they often do not have dedicated IT teams and the same information security resources that larger companies have. We’ve partnered with Slice to transform cyber…
