Sometimes it helps when others make the case for you. And we just got covered by the Wall Street Journal.
“Parametrix sells insurance specifically to mitigate the risks of downtime events, compensating businesses for any losses, including lost revenue and the cost of recovery, when their cloud-computing provider or cloud-based applications service goes down.”
Read the full story here.
About Parametrix
Parametrix, the leading provider of digital business interruption solutions, specializes in parametric insurance that protects against the financial cost of technology and digital infrastructure downtime. Leveraging a proprietary network of monitoring systems, we collect and analyze real-time, granular data on the performance and availability of critical infrastructure— including data centers, SaaS providers, and cloud services— to accurately assess risk and deliver fast, transparent claims payments. Our solutions enable businesses, data center stakeholders, and (re)insurers to quantify, manage, and transfer the financial risks of downtime with unmatched precision. Parametrix is a Managing General Agent and Lloyd’s Coverholder, with policies backed by major A-rated global insurers, and is headquartered in New York.
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