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Month: August 2021

Parametrix cloud downtime cover: closing the protection gap for clients

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Parametrix has the distinction of delivering a true first in the Lloyd’s Lab.  The founders, seasoned tech startup professionals, wanted to create new class of parametric insurance – downtime business interruption cover. Following their participation in Lloyd’s Lab cohort 4, they have now launched their product in multiple markets worldwide. Parametrix’s innovative business interruption policy …

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ELEMENT and Parametrix launch innovative cloud outage insurance in Europe

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Berlin, 24th of August 2021 – ELEMENT, Germany’s only 100% cloud-based insurance company, is proud to announce a new partnership with US-based Parametrix Insurance – the first on an international level. Together the companies have launched a first-of-its-kind parametric cloud outage insurance, designed to cover financial losses due to downtime of third-party IT and cloud infrastructure …

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Parametrix wins 2021 Business Insurance Innovation Award

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We are delighted to be recognized at this year’s Business Insurance Innovation Awards for our Parametric Cloud Downtime Insurance. In its 12th year, the Business Insurance Innovation Awards recognize leadership, inventiveness and ingenuity in products and services designed for risk management professionals. Parametrix Insurance, a licensed MGA in the US and Germany, is the leading …

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The products and services referred to on this website are available only in the jurisdictions in which we are licensed to transact insurance business. Nothing on this website shall be construed as an offer or solicitation to purchase insurance in any other jurisdiction. The availability, terms, and conditions of such products and services may vary by jurisdiction. The list of licenses held by Parametrix Insurance Services LLC as an insurance producer and surplus lines broker in the US states can be viewed on our licenses page.

Parametrix provides insurance products in connection with potential downtime on services represented by brands which this website displays. Parametrix is not affiliated to, associated with, or sponsored by the owners of these brands.

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Copyright © 2023 Parametrix Solutions Inc. All rights reserved