The Parametrix Team

Parametrix listed in Sønr Insurtech 100 for year 2022

The Insurtech 100 is a carefully curated report on leading startups, scaleups and innovators driving change across the sector. The methodology combines Sønr’s comprehensive global dataset and insurtech experience with expert analysis and perspective from some of industry’s leading lights. This year’s report was created in collaboration with EY and Generali, together with analysis and …

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NU PropertyCasualty360 2022 Risk Management Innovation Honorees

Parametrix, the leader of technology downtime insurance, has been named to NU PropertyCasualty360 Luminaries Class of 2022 in the category of Risk Management Innovation.   This professional recognition program spotlights innovation in the property & casualty insurance sector. Honorees are companies, people, programs and practices that are modernizing and humanizing P&C insurance. Honorees are selected …

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Parametrix wins Finovate’s “Best Insurtech Solution” award for 2022

The 2022 Finovate Awards winners have been unveiled! At a gala dinner and ceremony, we celebrated the 23 winners. The evening kicked off with cocktails, followed by dinner and entertainment. Below are the winning companies and individuals in each category, listed in alphabetical order. Drumroll please… Best Alternative Investments Solution: CAIS Best Back-Office / Core-Service …

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Survey reveals market misconseptions about cloud downtime events

The vast majority of executives see cloud downtime events as catastrophic and irrecoverable, while incorrectly believing they are protected by their current insurance program, according to Parametrix survey NEW YORK — Sept. 8, 2022 — Parametrix, the provider of technology downtime insurance, today announced the results of a survey of 324 corporate decision-makers about cloud …

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Gartner on Emerging Tech of Cloud Downtime

Published by analyst Craig Lowery on August 16th, 2022. Cloud downtime insurance automatically pays claims when a public cloud service is observed to be unavailable. Product leaders can partner with licensed financial services institutions to augment their cloud service offerings with value-added service options. Overview Key Findings • Cloud downtime insurance is a form and …

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415 Research: Parametrix Insurance leverages tech to insure cloud outages

Published by analyst Gabriella Brown on Monday, August 8th, 2022 Introduction Parametrix Insurance provides insurance for cloud service outages, as well as e-commerce, payment, CRM and CDN service outages. With the company’s founders coming from a strong tech background, Parametrix has developed a proprietary system built to continuously monitor a variety of third-party IT services …

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

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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Parametrix and IMA Partner to Expand Distribution of Cloud Downtime Insurance

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

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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2021 biggest tech outages

Did you feel that? The most notable tech outages of 2021

Dependence on the public cloud and other 3rd party tech services continued to grow in 2021, with Gartner projecting that global spending on cloud services will surpass $482 billion in 2022, up 54% from 2020. But businesses that rely on 3rd party tech for mission-critical activities need to understand and mitigate any risks – particularly …

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