Technology startup Slice Labs has partnered with AXIS Insurance, a division of re/insurer AXIS Capital Holdings, to distribute the AXIS Home Based Business insurance product in a bid to help protect small businesses.
The product is designed to fill the gap between by covering common small-business risks like general liability, professional liability, property, cyber and crime.
The alliance with Slice allows AXIS to build its own unique offering on the Slice Insurance Cloud Services platform, and leverage digital distribution from Slice to offer an intelligent and on-demand digital insurance product.
The goal is to distribute the product through an omni-channel distribution model that includes MGAs, retail agencies, platforms and other digital distribution channels.
Tim Attia, Slice Chief Executive Officer (CEO) and Co-founder, commented: “Now, more than ever, protecting small businesses with comprehensive insurance is crucial. We’re pleased to work with AXIS on product development and distribution leveraging our Insurance Cloud Services platform. It’s a digital experience for a simplified customer journey with on-demand protection.”
Jill Bryant, Head of Small Specialty Commercial at AXIS added: “Our commitment is to distribute a product that provides home-based businesses with a customized policy unique to each customer. Today’s customer expects the insurance buying process to be as streamlined as purchasing other online products, and Slice’s innovation provides customers with that experience. We are impressed with Slice’s omni-channel distribution capabilities and its customer-first design approach.”