Parametrix listed in the 2020 Insurtech 100

The Insurtech 100 is a celebration of the leading startups and scaleups across insurance, worldwide – the companies rethinking today’s products, services and business models. The index is drawn from the 1.5 million start and scaleups, globally, that are tracked by Sønr. Against this data set, we apply sophisticated analysis, evaluation and modeling of millions of data points, to create our Sønr Index – a simple score to determine their propensity for success.

It is this Sønr Index that allows us to select the top 100 to share with you – those tasked with strengthening their organisations through transformation and innovation. This is the only index of its kind and the very nature of ranking companies like this stimulates some great debate. The majority of the 100 is made up of established insurtechs, with proven market traction. It does also include a number of earlier stage businesses, some of which you may be less familiar with. Their inclusion is, in the most part, down to a combination of a particularly strong founding teams and a well-executed, albeit immature, product aligned to huge growth opportunity.

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About Parametrix

Parametrix is the leading provider of cloud outage analytics and insurance solutions. We specialize in underwriting parametric insurance for system interruption, helping businesses protect against the costly impacts of downtime. Leveraging proprietary technology, we continuously monitor third-party IT services, gathering granular data on service performance and interruptions. This data enables us to assess risk accurately, provide instant insurance quotations, and streamline claims payments, ensuring our clients receive fast, reliable support when they need it most. Parametrix is a Managing General Agent and Lloyd’s Coverholder whose policies are backed by major A-rated global insurers. The company is based out of New York.

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