Month: November 2021

Parametrix and Socius partner to bring cloud downtime insurance to the market

Socius to enable brokers to work with clients on reducing the risk posed by operating mission-critical applications in the cloud November 17, 2021 – New York NY and San Francisco, CA – Parametrix Insurance, the provider of parametric cloud downtime insurance, and Socius Insurances Services, an independently-owned management liability and property/casualty insurance wholesaler, today announced …

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Mitigating the Risk of Business Interruption from Cloud Downtime

Insights: Mitigating the risk of business interruption from cloud downtime

Q3 2021 earnings were tremendous for the three largest public cloud vendors – AWS, Azure and GCP. Revenue from their cloud operations grew 37% YoY, with the next ten largest cloud providers hitting the 28% YoY mark. The main driver of growth is obvious. More and more businesses are opting for the convenience and affordability …

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Cloud failure: Addressing online retailers’ worst holiday nightmare

It’s November. Sales are ramping up toward the apex of the holiday shopping season – Black Friday and Cyber Monday. In the world of e-commerce, holiday season shopping reigns supreme. For the average online retailer, It is valued at 20% of annual revenue, so the stakes are high. Any glitch will send months of work …

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