Month: March 2022

Crypto Insurance

Downtime Insurance: boosting resilience and trust in the crypto ecosystem

As a digitally native industry that is focused on trust and real-time transactions, Crypto businesses and their customers, are extremely sensitive to the perils of IT downtime. Last year, Robinhood was fined $57 million and ordered to pay nearly $13 million more in restitution to thousands of clients – over IT outages. Binance is facing …

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Better-fitting, comprehensive coverage for cloud outages (that isn’t cyber insurance)

One of the fastest growing risks for businesses is 3rd party IT downtime. Businesses are outsourcing a wide range of services, to drive efficiency and reduce operational costs. But at the same time, they are depending on external players to provide mission critical services. A prime example is the rapid growth of cloud spend. Companies …

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Our new eBook: how much will an hour of cloud downtime cost your business?

The cost of IT downtime is an elusive figure. Cloud outages hurt everyone, but costs are difficult to measure and vary greatly by industry or business size. For online retailers, measuring lost revenue when their website crashes is pretty straightforward. But there’s also the impact on brand reputation, churn and customer lifetime value. SaaS providers …

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Parametrix Appoints Rick Wong as Head of Insurance

Parametrix, the provider of cloud downtime insurance, today announced it appointed Hiscox veteran Rick Wong as head of insurance. Wong will lead the Parametrix team focusing on broker relations and the development of the broker channel, a critical channel accounting for more than 70% of commercial insurance sold in the United States. An insurance industry …

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