The Parametrix Team

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 …

Gartner on Emerging Tech of Cloud Downtime Read More »

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 …

415 Research: Parametrix Insurance leverages tech to insure cloud outages Read More »

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 …

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

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 …

Parametrix and IMA Partner to Expand Distribution of Cloud Downtime Insurance Read More »

First-of-its-kind insurance coverage helps build trust among buyers and sellers of crypto; 2022 Crypto Confidence Report reveals 45% of crypto users have experienced a service outage on a platform they use for trading crypto

One of the fastest growing risks for businesses is 3rd party IT downtime. Businesses are outsourcing a wide range of services, to drive efficiency and reduce operational costs. But at the same time, they are depending on external players to provide mission critical services. A prime example is the rapid growth of cloud spend. Companies …

Better-fitting, comprehensive coverage for cloud outages (that isn’t cyber insurance) Read More »