The Parametrix Team

Download the report Businesses were affected by limited access to cloud storage and the cloud-native services provided by Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) during 1,190 events in 2022.  NEW YORK — March 20, 2023 — The world’s leading providers of cloud services, who together control more than two-thirds of …

1,200 cloud interruptions; 23% of companies say downtime costs them $500K+ per hour Read More »

Download the white paper ILS instruments to cover a catastrophic cloud outage present a low-correlation, diversifying, and highly attractive insurance-linked investment opportunity, according to the MGA. NEW YORK — February 16, 2023 — Parametrix, the leading provider of cloud downtime insurance, is working to bring to market Insurance-Linked Securities (ILS) transactions which would protect ceding re/insurers against …

Cloud Outage is the next risk class primed for ILS risk transfer Read More »

Claims are triggered as the world’s second-rated cloud service provider suffers service outage bringing down multiple regions around the world for 2.40 hours. NEW YORK — January 26, 2023 — Parametrix, the leading provider of downtime insurance, yesterday monitored an outage of Microsoft Azure, the world’s second-ranked cloud service provider†. One of the ‘Big Three’, …

Cloud Insurer Parametrix to Pay Claims after MS Azure Outage Read More »

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 …

Parametrix listed in Sønr Insurtech 100 for year 2022 Read More »

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 …

NU PropertyCasualty360 2022 Risk Management Innovation Honorees Read More »

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 …

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