Parametrix Cloud
Risk Modeling
Empowering (re)insurers to seamlessly quantify, effectively manage, and transfer cloud risks.
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2600
Historical cloud outage events tracked and audited
285
Active monitors alerting to potential interruption
18.5billion
Availability tests
performed every year
performed every year
260billion
Cloud performance &
availability data points
availability data points
115
Cloud regions monitored
around the globe
around the globe
1200
Company status pages monitored for analyzed
The technology we need to create the products you need.
Quantify your cloud outage risk exposure.
Parametrix Cloud Risk Modeling, using cloud analytics and proprietary data captured from our robust cloud monitoring system, allows you to pinpoint your exposure to cloud outage risk in a way that's never been done before.
Employing external and non-intrusive techniques, the proprietary technology tracks over 18.5 billion data points each year from 297 data centers around the world.
This real-time data paired with insured exposure data and years of historical cloud outage data is what makes Parametrix cloud modeling unique and unparalleled for understanding and modeling cloud outages.
We continuously track and analyze the dependencies between different Saas, PaaS and IaaS platforms, collecting granular data with detection capabilities down to the millisecond.
The proprietary technology is the first of its kind, enabling Parametrix to define the first cloud outage index that provides uniform measures and statistics across all the cloud service providers.
We continuously track and analyze the dependencies between different Saas, PaaS and IaaS platforms, collecting granular data with detection capabilities down to the millisecond.
The proprietary technology is the first of its kind, enabling Parametrix to define the first cloud outage index that provides uniform measures and statistics across all the cloud service providers.
Parametrix helps (re)insurers make data-driven underwriting, portfolio management, and risk transfer decisions.
Analyze Cloud
Exposure
Exposure
Identify a portfolio’s cloud infrastructure and quantify your accumulation risk.
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Define Cloud
RDSs
RDSs
Define realistic disaster scenarios and estimate the financial loss from an event.
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Structure Cloud
Risk Solutions
Risk Solutions
Customized risk transfer solutions, optimizing your risk strategy.
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Cloud Monitoring
& Alerts
& Alerts
Proactive management with continuous, portfolio- specific outage monitoring and alerts.
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Cloud infrastructure detection
Detects the cloud infrastructure of every underlying insured, including redundancy. Enabling a better understanding into cloud behavior on a more granular level with a complete, 360 view into your portfolios cloud footprint, as well as the ability to:
- Analyze a real or synthetic portfolio(s)
- Map the main accumulation and aggregation points
- Quantify the potential financial and insurance loss per aggregation point
Parametrix also tracks and analyzes the performance, availability, and interdependencies of other third-party IT services such as content delivery networks (CDNs), payment gateways, CRMs, and other widely used SaaS platforms.
Realistic cloud outage
scenarios
Leverage proprietary cloud monitoring technology along with historical, real-time, and insured exposure data to define all relevant and realistic cloud outage RDSs based on factors such as:
- Cloud service provider
- Region
- Duration
The return period is set according to stochastic models based on years of attritional data for cloud outages.
From risk analysis to risk transfer
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The insights gained from Parametrix cloud risk modeling can be applied to structured risk transfer, both parametric and non-parametric, using an informed risk strategy to determine the risk retention, mitigation, and transfer.
Transactions are event-based and can be tailored to factors such as:
- Cloud service provider
- Cloud region(s)
- Geographical regions(s)
- Different waiting periods
- Varying payout schedules
Cloud monitoring & alerts
Parametrix's proprietary cloud monitoring technology tracks the availability and performance of your portfolios' aggregation points so you know which cloud regions are the most stable and what your level of exposure is for each point.
The alert systems sends real-time notifications of potential loss that is triggered from a specific event.
Key features of parametrix cloud monitoring & alerts system include:
Key features of parametrix cloud monitoring & alerts system include:
- Downtime data repository-
The only data repository for cloud downtime combining proprietary directly monitored data and externally collected sources - Standardized language across all service providers-
Parametrix has developed a language and method to record service provider data that translates across all providers and service provider types (Cloud, CDN, CRM, etc) - Highlights downtime frequency & severity-
Index brings to light the amount of outages and degradation that the cloud experiences almost on a daily basis
For more on cloud risk modeling &
risk transfer solutions
Explore Parametrix published white papers on our cutting-edge cloud modeling methodology and innovative risk transfer solutions.
Cloud Outage and the Fortune 500
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This case study provides a multi-billion-dollar benchmark for the impact of catastrophic cloud outage events. Parametrix is able to:
- a model of cloud outage behavior,
- profile the cloud infrastructure of companies based on an external scan of their tech stack, and
- estimate the impact of cloud outages on specific companies based on their cloud architecture and trading sector
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ILS White Paper: Cloud-in-a-Box
This paper from Parametrix focuses on parametric cloud outage ILS structures and includes the following:
- The global cloud services market
- Demand for cloud otuage risk transfer
- Characteristics of parametric cloud downtime transactions
- Definitions, models, and monitoring
- Key benefits to ILS investors
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Parametrix protects companies against business interruption loss due to cloud outages with simple and transparent coverage.
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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.