Blog

Parametrix

Stay up-to-date with the latest trends and insights in cloud outages and cyber insurance

August 19, 2024

Is your business prepared when the next tech outage hits?

Insights into the financial and operational impacts of the recent CrowdStrike outage, with practical steps for risk managers to enhance their cyber resilience.

August 5, 2024

The CrowdStrike Outage: A Modeling Perspective

Forming a foundation for a more robust risk management structure for catastrophic cyber insurance risk following the CrowdStrike Outage.

July 22, 2024

The role of the cloud in global CrowdStrike outage

What was the role of the cloud in the recent CrowdStrike outage, and what does it say about vulnerabilities in cybersecurity infrastructure?

July 19, 2024

Crowdstrike, Azure outages cause widespread chaos in the digital supply chain.

Today was a hectic day for the digital supply chain, with two unrelated events impacting thousands of users around the world.

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June 27, 2024

Cloud-in-a-Box: The Cloud Economy

Parametric risk transfer solutions can address growing systemic risk and demand for cloud outage coverage in the insurance industry.

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June 3, 2024

Cloud-in-a-Box: A Win-Win Solution for ILS

Parametric risk transfer solutions can address growing systemic risk and demand for cloud outage coverage in the insurance industry.

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April 24, 2024

Cloud Outage and the Fortune 500: Loss Scenarios

Parametrix presents four specific loss scenarios for Fortune 500.

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March 21, 2024

Cloud Outage and the Fortune 500: The Methodology

Parametrix uses advanced analytics to predict the financial impact of cloud outages on Fortune 500 companies.

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March 14, 2024

Cloud Outage and the Fortune 500: Risk Aggregation Findings

Parametrix identified 15 key aggregation points with the most accumulation.

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March 13, 2024

Cloud Adoption Among the Fortune 500

93.6% of the Fortune 500 have a significant reliance on the cloud for at least some of their activities.

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March 6, 2024

Fortunes on the Cloud

What is the potential financial impact of cloud outages on the Fortune 500?

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October 10, 2023

What Causes Cloud Downtime?

Various root causes lead to disruptions of cloud services, and to critical events which take it down.

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October 3, 2023

Indexing Cloud Performance

The Parametrix Cloud Stability Index (PCSI) measures the overall performance of cloud providers’ regions during the year.

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September 26, 2023

Eyes always on the Cloud: Outage stats for 2022

Parametrix instantly identified nearly 1,190 performance interruptions and disruptions in 2022.

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September 19, 2023

Big Business Risk in the Digital Supply Chain

Companies report cloud downtime as risk factor now reported in documents such as annual 10K filings.

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September 11, 2023

Mapping Cloud Risks

98% of companies stated the cost of IT downtime ranged from $100,000 to $540,000 per hour.

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September 4, 2023

Microsoft Azure Australia Outage: Parametrix Event Analysis

Learn more about the Azure Australia cloud outage and it's impact on various cloud services.

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August 2, 2023

Who Runs the Cloud?

AWS, MS Azure, and GCP make up about two-thirds of the public cloud market.

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July 23, 2023

Worlds On A Cloud

A cloud outage can occur any day, is entirely beyond our control, and can cause significant disruption.

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July 18, 2023

Advice for a Tough Cyber Market: Cyber Risk and the Digital Supply Chain

What should business leaders and risk managers keep in mind as they navigate this challenging cyber market?

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July 11, 2023

Time For A Change: Cyber Risk in the Digital Supply Chain

How can the insurance industry adapt to better serve clients as they become more dependent on the digital supply chain and are exposed to new emerging risk?

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July 9, 2023

Howden: Businesses world-wide rank cyber as one of their most pre-eminent risks

Howden Broking's third annual report on cyber insurance "Coming of Age" explores the changing landscape of the cyber insurance market.

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June 15, 2023

AWS Outage US-East-1 Region- What you need to know

Amazon Web Service's (AWS) largest US cloud region (US-East-1) experienced an outage for 2 hours and 48 minutes, bringing enterprise giants down with it

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May 8, 2023

Google Cloud Outage Paris Region: Parametrix Event Analysis

Learn more about the GCP Paris cloud outage that resulted in 24+ hours of downtime in the europe-west9 region.

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January 26, 2023

Cloud Insurer Parametrix to Pay Claims after MS Azure Outage

Claims are triggered as the world’s second-ranked cloud service provider suffers service outage bringing down multiple regions around the world for 2.40 hours.

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December 2, 2022

What is parametric insurance?

With protection gaps growing as new risks continue to emerge and new technologies and data sets becoming available, parametric models offer untaped potential as a valuable way to help the insurance world fulfill the needs of their clients' operating in the digital supply chain.

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September 29, 2022

An Often-Overlooked Business Interruption Risk

A great many companies don't realize they rely on critical web-service suppliers, but when the technology goes down, business may grind to a halt.

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September 15, 2022

The top five risks to consider regarding cloud outages

Cloud outages are common, and no matter how much redundancy engineers build into cloud-based systems, they are here to stay.

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June 13, 2022

Fortifying Fintech: Mitigating the risks of cloud downtime and CDN outages

Learn about the unique exposure Fintech has to cloud outages and cloud downtime - how it can impact business, and how to mitigate the risk.

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May 30, 2022

The cloud’s hidden liabilities: 3 questions general counsels should ask themselves

Many companies take the cloud for granted and fail to identify the challenges for corporate legal departments.

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May 26, 2022

Three ways Risk Managers can protect their companies from cloud outages

Here are some guidelines to help your company be prepared when the next cloud outage hits.

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May 18, 2022

Despite investor jitters, new tech players will propel the insurance market forward

New players in insurance are harnessing technology to suit a new generation of consumers, promising to shake up the industry.

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April 20, 2022

Did you feel that? The most notable tech outages of 2021

We assembled the most notable outages of 2021 - some on the public cloud, some involving Content Delivery Networks, and others involving private data centers.

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April 7, 2022

Cyber premium hikes are a good time to revamp your risk coverage portfolio

Cyber policies have gone up - and you're getting far less. If you rely on a cyber policy to protect from cloud outages - better check again.

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March 21, 2022

Better-fitting, comprehensive coverage for cloud outages (that isn't cyber insurance)

The cloud is an amazing business enabler, but companies need to learn to mitigate this new risk factor.

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February 6, 2022

CFOs: are digital perils accounted for in your risk management strategy?

The cloud is an amazing business enabler, but companies need to learn to mitigate this new risk factor.

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January 16, 2022

Scale, Security & Risk: 2022’s best cloud-related conferences to attend

Learn about the best cloud-related conferences to learn about security, technology, benefits and risk mitigation for cloud downtime.

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December 30, 2021

The Cloud: 4 business trends from the past year and projections for the next

How did cloud market growth impact business in the past year, and what can it reveal about the future. Read our 4 cloud business trends.

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December 13, 2021

The Parametrix Control Tower: how we monitored the December 7th AWS Crash

Learn how the Parametrix monitoring team developed the right tools to effectively track and monitor cloud downtime events.

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December 7, 2021

Seven hour AWS cloud downtime causes major business interruption

Learn about the December 7th AWS cloud outage that disabled thousands of websites and left millions of users unable to reach them.

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November 16, 2021

Insights: Mitigating the risk of business interruption from cloud downtime

Learn about the December 7th AWS cloud outage that disabled thousands of websites and left millions of users unable to reach them.

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November 11, 2021

Cloud failure: Addressing online retailers’ worst holiday nightmare

Online merchants allot endless resources to bolster their capabilities and infrastructure. Business insurance for e-commerce should be an integral part of any contingency plan to help e-commerce companies mitigate the risk of 3rd party downtime.

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May 30, 2021

Cloud outages: Why do they happen and how can you safeguard your business

Every few months, news headlines are peppered with a story about the most recent cloud outage, and those are only the ones you hear about. How can you limit the impact cloud outages can have on your operations and finances

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April 27, 2021

Do businesses need cyber insurance, downtime insurance, or both?

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April 19, 2021

Case study: How Azure downtime triggered parametric insurance policy

Microsoft Azure had a major downtime event on April 1, 2021 directly affected a Parametrix customer with mission-critical systems on Azure’s East US regions.

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April 19, 2021

Three ways to minimize the impact of third-party downtime

The direct impact of cloud downtime incidents and the steps you can take to minimize them.

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March 22, 2021

The Parametrix monitoring system in action

Parametrix cloud monitoring system in action during Microsoft Azure 2021 outage. See how it uses the data it collects to analyse future events, inform modeling processes, and produce data-driven insights.

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January 5, 2021

A look back: The biggest cloud downtime events of 2020

2020 brought unprecedented dependence on cloud technologies and changed the way businesses work- let's take a look at some of the most significant downtime events of the year.

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December 7, 2020

How to avoid being affected by the next AWS outage

The AWS outage of November 2020 brought down companies such as Adobe Spark, Roku and iRobot. Here are some strategies to implement to avoid the disastrous effects of third-party IT downtime and manage their risks when business is interrupted.

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October 5, 2020

The real costs of third-party IT downtime

Third-party IT downtime could potentially be catastrophic for some companies. The technological solutions are a great way to mitigate the risks but there will always be some exposure left and that’s where the insurance industry can step in and offer a risk transfer solution.

The products and services referred to on this website are available only in the jurisdictions in which we are licensed to transact insurance business. Nothing on this website shall be construed as an offer or solicitation to purchase insurance in any other jurisdiction. The availability, terms, and conditions of such products and services may vary by jurisdiction. The list of licenses held by Parametrix Insurance Services LLC as an insurance producer and surplus lines broker in the US states can be viewed on our license page. 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.