Parametrix

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Parametrix insurance solutions help make your technology financially secure from digital system interruptions. Whether it’s a cloud outage, internal system failure, or third-party service downtime, our solutions help companies and (re)insurers to manage and transfer their exposure with confidence and ease. Our parametric products use clear and flexible triggers with guaranteed compensation to enhance system performance, support commercial objectives, and effectively address key risks. As a Lloyd’s Coverholder, our policies are backed by major A-rated global insurers. Parametrix Analytics divisions creates tools and models that enable (re)insurers to map accumulation, define realistic cloud outage return periods (RDSs), and implement structured risk transfer strategies across ILS and reinsurance frameworks. In April of 2024, Parametrix and Hannover Re issued the first-ever parametric, cloud outage catastrophe bond "Cumulus Re". Parametrix is committed to creating innovative insurance solutions that seamlessly address digital system interruption risk to make technology financially secure.
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$17.5M Round for Parametrix and Its First-of-Its-Kind Downtime Insurance Offering Led by FirstMark Capital - PR Newswire

$17.5M Round for Parametrix and Its First-of-Its-Kind Downtime Insurance Offering Led by FirstMark Capital PR Newswire

Parametrix Insurance raises $17.5 million to offer cloud downtime insurance - TechCrunch

Parametrix Insurance raises $17.5 million to offer cloud downtime insurance TechCrunch

Lloyd’s launches parametric policy for business interruption - Reinsurance News

Lloyd’s launches parametric policy for business interruption Reinsurance News

Parametrix Insurance teams up with IMA for cloud downtime insurance - FinTech Global

Parametrix Insurance teams up with IMA for cloud downtime insurance FinTech Global

Endpoint security firm to offer outage warranty backed by Parametrix's insurance - TradingView

Endpoint security firm to offer outage warranty backed by Parametrix's insurance TradingView

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