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 »
On December 07 2021 at 15:18 UTC, 10:18 EST, several AWS services started malfunctioning, leading to a major cloud outage that lasted nearly 7 hours, brings down thousands of websites, including major services like Amazon, Tinder, Roku, Coinbase, Happy Games, Epic Games, Ring, Disney Plus and more. Seven hours after our monitors started showing availability …
Seven hour AWS cloud downtime causes major business interruption Read More »
December 7th, 2021 – New York NY and San Francisco, CA – Parametrix Insurance, the provider of parametric cloud downtime insurance, and Founder Shield, a tech-enabled, digital insurance platform, today announced that Founder Shield will be marketing and selling Parametrix’s cloud downtime insurance to their clients and prospects to help protect them from the risk …
Parametrix, Founder Shield join forces to protect business from cloud downtime Read More »
Israeli insurtech startup Parametrix, which has developed a solution helping companies to quickly recover from downtime events in their cloud systems and other third party services, has announced four new hirings to its executive team. Liran Bouskila has been named as CFO, Jed Alpert as CMO, Sharon Haran as VP Europe, and Daniel Benjamin as …
Parametrix adds four new members to executive team Read More »
Socius to enable brokers to work with clients on reducing the risk posed by operating mission-critical applications in the cloud November 17, 2021 – New York NY and San Francisco, CA – Parametrix Insurance, the provider of parametric cloud downtime insurance, and Socius Insurances Services, an independently-owned management liability and property/casualty insurance wholesaler, today announced …
Parametrix and Socius partner to bring cloud downtime insurance to the market Read More »
Q3 2021 earnings were tremendous for the three largest public cloud vendors – AWS, Azure and GCP. Revenue from their cloud operations grew 37% YoY, with the next ten largest cloud providers hitting the 28% YoY mark. The main driver of growth is obvious. More and more businesses are opting for the convenience and affordability …
Insights: Mitigating the risk of business interruption from cloud downtime Read More »
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