XL Catlin to create AI-based cyber insurance solution with Slice

By using artificial intelligence (AI), the cyber insurance solution from XL Catlin will generate real-time alerts to customers and help them to better handle their risk postures. The new cyber insurance solution, which will be subscription and usage-based, will feature services designed to aid clients in preparing for cyberattacks. It will be available on-demand for SMBs, said Slice Labs. Slice CEO Tim Attia said: "The new economy is not only on-demand but it is heavily dependent on protecting technology assets due to the rapidly changing landscape of cybersecurity threats. "Insurers are no longer in a position where they need to suspend or delay an idea for lack of technology or financial resource contracts.