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 …
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 …
Did you feel that? The most notable tech outages of 2021 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 »
The cost of IT downtime is an elusive figure. Cloud outages hurt everyone, but costs are difficult to measure and vary greatly by industry or business size. For online retailers, measuring lost revenue when their website crashes is pretty straightforward. But there’s also the impact on brand reputation, churn and customer lifetime value. SaaS providers …
Our new eBook: how much will an hour of cloud downtime cost your business? Read More »
Parametrix, the provider of cloud downtime insurance, today announced it appointed Hiscox veteran Rick Wong as head of insurance. Wong will lead the Parametrix team focusing on broker relations and the development of the broker channel, a critical channel accounting for more than 70% of commercial insurance sold in the United States. An insurance industry …
Parametrix Appoints Rick Wong as Head of Insurance Read More »
Sometimes it helps when others make the case for you. And we just got covered by the Wall Street Journal. “Parametrix sells insurance specifically to mitigate the risks of downtime events, compensating businesses for any losses, including lost revenue and the cost of recovery, when their cloud-computing provider or cloud-based applications service goes down.” Read …
Risk is inherent to any business operation. CFOs are particularly sensitive to risk, as it can undermine their ability to forecast revenue, cash flow and spend. It’s no wonder that public companies are required to identify risk and account for it in their annual and quarterly reports. What does missing a risk factor mean for …
CFOs: are digital perils accounted for in your risk management strategy? Read More »
Parametrix Insurance, the provider of parametric cloud downtime insurance, and Leavitt Group, the 14th largest privately-held insurance brokerage in the United States, today announced that ComTech-Leavitt Insurance Services, a member of Leavitt Group and Parametrix have partnered to help businesses that use the cloud reduce their exposure to the risks of cloud downtime. “ComTech-Leavitt works …
Parametrix and Leavitt Group team up to help companies mitigate cloud downtime risk Read More »
From traditional trade shows to more networking formats, new cloud-centric events reflect the growing complexities of managing data and services on the public cloud. For any business entrusting their most valuable assets to 3rd party IT providers, attending these events can help better manage resources, gain a better understanding of security, and set a holistic …
Scale, Security & Risk: 2022’s best cloud-related conferences to attend Read More »
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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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