2,600
Historical cloud outage events tracked and audited
285
Active monitors alerting to potential interruption
18.5b
Availability tests
performed every year
260b
Cloud performance & availability data points
115
Cloud regions monitored around the globe
1,200
Company status pages monitored for analyzed
Analyze cloud exposure
Identify a portfolio’s cloud infrastructure and quantify your accumulation risk.
Define cloud RDS
Define realistic disaster scenarios and estimate the financial loss from an event.
Structure cloud risk solutions
Customized risk transfer solutions, optimizing your risk strategy.
Cloud monitoring & alerts
Proactive management with portfolio-specific outage monitoring and alerts.
Parametrix cloud risk modeling, leveraging cloud analytics and proprietary data, allows you to pinpoint your exposure to cloud outage risk in a way that's never been done before. Employing external and non-intrusive techniques, the proprietary technology tracks over 18.5 billion data points each year from 297 data centers around the world.
This real-time data paired with insured exposure data and years of historical cloud outage data is what makes Parametrix cloud modeling unique and unparalleled for understanding and modeling cloud outages. We continuously track and analyze the dependencies between different Saas, PaaS and IaaS platforms, collecting granular data with detection capabilities down to the millisecond.
The proprietary technology is the first of its kind, enabling Parametrix to define the first cloud outage index that provides uniform measures and statistics across all the cloud service providers.
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Detect the cloud infrastructure of every underlying insured, including redundancy. Enable a better understanding into cloud behavior on a more granular level with a complete, 360 view into your portfolios’ cloud footprint, as well as:
Analyze a real or synthetic portfolio(s)
Map the main accumulation and aggregation points
Quantify the potential financial and insurance loss per aggregation point
Parametrix also tracks and analyzes the performance, availability, and interdependencies of other third-party IT services such as content delivery networks (CDNs), payment gateways, CRMs, and other widely used SaaS platforms.
Leverage proprietary cloud monitoring technology along with historical, real-time, and insured exposure data to define all relevant and realistic cloud outage RDSs based on factors such as:
Cloud service provider
Cloud region
Outage duration
The return period is set according to stochastic models based on years of attritional data for cloud outages.
The insights gained from Parametrix cloud risk modeling can be applied to structured risk transfer, both parametric and non-parametric, using an informed risk strategy to determine the risk retention, mitigation, and transfer.
Transactions are event-based and can be tailored to factors such as:
Cloud service provider
Cloud region(s)
Georgraphical region(s)
Different waiting periods
Varying payout schedules
Parametrix's proprietary cloud monitoring technology tracks the availability and performance of your portfolios' aggregation points so you know which cloud regions are the most stable and what your level of exposure is for each point. The alert system sends real-time notifications of potential loss that is triggered from a specific event.
Key features include:
The only data repository for cloud downtime combining proprietary directly monitored data and externally collected sources
Standardized language and method to record service provider data that translates across all providers and service provider types (Cloud, CDN, CRM, etc)
Index highlights the amount of outages and degradation that the cloud experiences almost on a daily basis
The return period is set according to stochastic models based on years of attritional data for cloud outages.
Creating cutting-edge tools and models that enable companies, insurers, and reinsurers to quantify, manage, and transfer their exposure to cloud outage risk. Parametrix is a Lloyd's Coverholder whose policies are backed by major A-rated global insurers.
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 license 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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