The Parametrix Team

Sompo signs strategic collaboration with Parametrix

Sompo signs strategic collaboration with Parametrix to insure e-commerce stores

Japanese insurance giant Sompo has launched a new insurance product to insure e-commerce stores on platforms such as Yahoo! Shopping, Shopify, and Amazon, based on the technology of Israeli startup Parametrix. Paramatrix’s plan is to provide service to millions of customers in Japan and the Far East over the next few years, thanks to the …

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Parametrix announces new partnership with TechAssure

TEL AVIV, ISRAEL and CHARLOTTE, NC – TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has announced a new partnership with Parametrix Insurance. TechAssure members will gain access to Parametrix’s insurance products that protect tech-reliant businesses from third-party IT downtime. “Parametrix has created an innovative suite of products for …

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(TechCrunch) Parametrix Insurance raises $17.5 Million for cloud downtime insurance

Insurtech is picking up steam in a big way, but startup Parametrix thinks there is still plenty of room left to innovate. The company, which today announced the close of a $17.5 million funding round, offers insurance policies for companies that rely on third-party cloud providers, e-commerce services, payment gateways and CRM systems. In essence, downtime from one …

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FirstMark Capital leads $17.5M round for Parametrix

Funding to support rapid growth acceleration as demand soars for financial protection from outages caused by third party-cloud-based service providers May 26, 2021 – Tel Aviv, Israel and New York City, NY – Parametrix Insurance, the leading IT downtime insurance provider, today announced that it has raised  $17.5M in funding from leading VC firms including FirstMark …

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INSUREtrust and Parametrix bring IT Downtime Insurance to Emerging Risks Network

ATLANTA and NEW YORK, May 17, 2021 — INSUREtrust, the insurance industry’s leading specialty insurance brokerage for emerging risks, and Parametrix, the leading IT downtime insurance provider, today announced an agreement for Parametrix to support INSUREtrust’s exclusive group of agents and brokers by enhancing their risk management platform with a new policy that indemnifies a …

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