About us - Parametrix

Always Innovating in a Fast Moving World

We are data scientists, actuarial experts, insurance professionals, code developers, tech enthusiasts and, above all, optimists

Finding Better Ways to Protect Our Customers

Increasing reliance on cloud vendors such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) leaves companies worldwide vulnerable to business interruption caused by cloud service outages. We have all experienced downtime events and witnessed their direct financial impact on companies. We knew there had to be a better way to protect businesses, one that is clear, trusted, and simplifies the pain points in business interruption insurance which includes months of complications and uncertainty. So we set out on a mission to develop the next generation of insurance products.

Today we are proud to say that we have established a new category in the insurance market as pioneers in creating innovative downtime insurance policies that truly meet the needs of businesses. We believe insurance should work as fast as our customers operate, so we look forward to continuing to innovate in order to deliver on our promise!

The Technology We Need to Create the Products You Need

To create a transparent, simple, and trusted insurance product that a business can rely on at the moment of truth, we developed proprietary technologies that provide the data that identifies downtime events, triggers payment in real-time, powers underwriting algorithms, generates customer insights, and manages insurance exposures.

We’re on a mission to close the gap in cloud outage insurance but we can’t do it alone. Our trusted network of brokers, insurers, reinsurers, consultants and providers are all dedicated to helping companies by offering them the best solutions for their business. We always welcome new partners so please contact us if you’d like to join our team!