Parametrix

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.