AXA XL, a division of AXA, has announced the launch of a first-party cyber insurance option for its Platinum Property clients in the US – businesses that buy 100% of their property coverage from AXA XL.
“Demand for cyber insurance is growing with good reason,” said Michele Sansone, president of AXA XL’s North America property insurance business. “Virtually every organization has some cyber exposure. Our clients will now have the confidence to know that their business interruption exposures are adequately managed with coverage for cyber and property on one policy form providing a comprehensive solution for first-party loss and a streamlined claims process.”
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