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The Wall Street Journal makes the case for Parametrix cloud downtime insurance.
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The Wall Street Journal makes the case for Parametrix cloud downtime insurance.
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Month: May 2022

The cloud’s hidden liabilities: 3 questions general counsels should ask themselves

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The shift from storing data in-house to managing it on the public cloud has transformed business. Many cloud native companies take the cloud for granted, but fail to realize the new infrastructural reality introduces challenges for corporate legal departments – mainly assessing unfamiliar risks and addressing legal precedents. The growing reliance on the cloud is …

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The Wall Street Journal on the crypto industry’s new approach to insurance

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As the Crypto industry matures,  it seeks more acceptance and acknowledgement from mainstream players in the finance industry. Insurance is fast becoming an important anchor to attest to the crypto industry’s maturity, and to provide much needed security and credibility to the growing crypto investor community. The The Wall Street Journal lays out some of …

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3 tips for risk managers to protect against cloud outages

Three ways Risk Managers can protect their companies from cloud outages

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On May 6, 2022, services housed on Google Cloud Platform’s us-central-1 faltered. Customers relying on impacted services experienced high latency and errors in multiple services. The outage didn’t gain national headlines like AWS’s December crashes or Fastly’s June CDN outage. But for anyone assessing risk, the takeaway is clear: you never know timing or the …

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Despite investor jitters, new tech players will propel the insurance market forward

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Insurance is a multi trillion dollar industry and has shown steady growth and stability other industries only dream of. Success came despite its perception as being sluggish and slow to adopt new technology. But there is change in the air. New players are harnessing technology to suit a new generation of consumers, promising to shake …

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Parametrix and IMA Partner to Expand Distribution of Cloud Downtime Insurance

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Parametrix Insurance (Parametrix), the provider of parametric cloud downtime insurance, and IMA Financial Group (IMA), a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, today announced they have entered into a partnership to help more companies protect themselves and their customers against losses from cloud downtime.  As a …

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Protocol publishes feature on Parametrix

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Protocol wrote a piece about the volatility of cloud services and how insurance can cover financial losses from outages that knock businesses offline. “The 3-year-old startup offers cloud downtime insurance to compensate policyholders for their financial losses — or their customers’ losses — when their cloud provider has a service disruption. On average, one of …

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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.

   Copyright © 2023 Parametrix Solutions Inc.

Copyright © 2023 Parametrix Solutions Inc. All rights reserved