Press Release
May 10, 2022

Protocol publishes feature on Parametrix

Protocol wrote a piece about the volatility of cloud services and how insurance can cover financial losses from outages that knock businesses offline.

“The 3-year-old startup offers cloud downtime insurance to compensate policyholders for their financial losses — or their customers’ losses — when their cloud provider has a service disruption. On average, one of the three major public cloud providers — AWS, Microsoft Azure and Google Cloud — experienced an outage lasting at least 30 minutes every three weeks in 2021, according to Parametrix.”

Read the full story here.