Today, insurer Zurich announces Parametrix, as the UK finalist of its World Innovation Championship. The selection process whittled down 6 UK finalists at a Superday where startups presented their ideas with the potential to help Zurich explore new frontiers of innovation.
UK finalist Parametrix creates parametric (index-based) insurance policies, aimed at SMEs and others, offering compensation if their businesses are victim to downtime from their IT provider (Cloud, Payment Systems, ISP, E-shops, GPS and more) which can ultimately impact sales and profit.
Read the full article 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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