NEW YORK–(BUSINESS WIRE)–Slice
Labs Inc., the first company in the U.S. to offer cloud-based
on-demand insurance, announced today that XL Catlin is creating the
world’s first on-demand cyber insurance solution for U.S. small and
medium-sized business (SMBs) and built on the Slice
Insurance Cloud Services™ (ICS) platform. XL Catlin is the third
large insurer to use ICS since Slice launched the platform in January of
2018.
“SMBs must contend with the same cyber issues as large corporates,” said
John Coletti, XL Catlin’s Chief Underwriting Officer of Cyber &
Technology in North America. “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
insurance – making it easy to buy and simple to understand for them –
with the ultimate goal of protecting SMBs from the potentially
devastating impact of a cyber-attack.”
According to Greg Hendrick, president of XL Catlin’s Property & Casualty
operations,…
