NEW YORK–(Enterprise WIRE)–Slice Labs Inc., a technological know-how startup with the initial on-demand insurance coverage platform, has produced an alliance with AXIS Coverage to distribute AXIS Residence Primarily based Business insurance policies to enable secure compact enterprises. AXIS Insurance coverage is the specialty insurance coverage enterprise segment of AXIS Cash Holdings Constrained (“AXIS Capital”) (NYSE:AXS).
Household-based corporations comprise extra than 50% of all tiny enterprises in the United States. Standard homeowners’ insurance policies guidelines are not created to include commercial claims, leaving property-based mostly business enterprise house owners exposed. AXIS House Based Business insurance plan is designed to fill that hole by covering frequent compact-company challenges like general liability, professional liability, house, cyber and crime.
The alliance with Slice will allow AXIS to develop its own distinctive providing on the Slice Insurance policy Cloud Companies platform, and leverage electronic distribution from Slice to give an smart and on-demand digital insurance policies products. The objective is to distribute the products as a result of an omni-channel distribution product that incorporates MGAs, retail agencies, platforms and other electronic distribution channels.
Slice CEO and Co-founder, Tim Attia, mentioned, “Now, extra than ever, shielding smaller corporations with comprehensive insurance policies is very important. We’re pleased to do the job with AXIS on product or service development and distribution leveraging our Insurance plan Cloud Companies system. It is a electronic encounter for a simplified client journey with on-need defense.”
“Our dedication is to distribute a item that gives dwelling-centered corporations with a customized policy exclusive to each purchaser,” mentioned Jill Bryant, Head of Compact Specialty Industrial at AXIS. “Today’s buyer expects the insurance coverage obtaining procedure to be as streamlined as paying for other on-line solutions, and Slice’s innovation offers clients with that knowledge. We are impressed with Slice’s omni-channel distribution capabilities and its buyer-initial design method.”
About Slice Labs:
Slice Labs Inc. is the coverage engine powering tomorrow’s cloud-centered, on-demand electronic expert services ecosystems for the new financial state. Via the Slice Labs Insurance Cloud Providers (ICS) platform, Slice Labs is enabling insurers, know-how organizations, and other support providers to develop actually clever and intuitive, utilization based digital insurance items defending the insured at any time and wherever. To keep up to date with Slice, check out https://www.slice.is and adhere to @SliceLabs on Twitter.
About AXIS Insurance policy:
AXIS Insurance plan – the coverage organization phase of AXIS Capital Holdings Minimal (NYSE:AXS) – delivers House & Casualty, Professional Traces, Terrorism, Maritime, Renewable Power, Aviation, Credit rating & Political Possibility, Environmental, Incident & Health and fitness coverages and other custom made coverage options. Our merchandise are supplied by our distribution associates, which contain wholesale brokers, retail brokers and specified running basic brokers/underwriters (“MGAs”/”MGUs”) in the U.S. and overseas. Coverages are backed by the economic energy and stability of the AXIS Insurance plan Corporations, rated “A+” (Strong) by Regular & Poor’s, and “A” (Outstanding) by A.M. Very best.
About AXIS Capital:
AXIS Capital, as a result of its running subsidiaries, is a world-wide provider of specialty traces insurance coverage and treaty reinsurance with shareholders’ fairness at June 30, 2020 of $5.3 billion and spots in Bermuda, the United States, Europe, Singapore, Canada and the Center East. Its operating subsidiaries have been assigned a rating of “A+” (“Powerful”) by Common & Poor’s and “A” (“Superb”) by A.M. Finest. For much more facts about AXIS Money, check out our web-site at www.axiscapital.com.