Press Release
August 16, 2021

Parametrix wins 2021 Business Insurance Innovation Award

We are delighted to be recognized at this year's Business Insurance Innovation Awards for our Parametric Cloud Downtime Insurance.

In its 12th year, the Business Insurance Innovation Awards recognize leadership, inventiveness and ingenuity in products and services designed for risk management professionals.

Parametrix Insurance, a licensed MGA in the US and Germany, is the leading provider of cloud downtime insurance solutions, ensuring that companies with mission critical services in the cloud can quickly recover financially from downtime events.

About Parametrix

Parametrix, the leading provider of cloud monitoring, modeling, and insurance services, is a Managing General Agent and Lloyd’s Coverholder based out of New York that underwrites parametric insurance against digital supply chain interruption. Parametrix uses proprietary technology to continuously monitor the performance of a variety of third-party IT services across the globe, and to collect granular data on service interruptions. It uses that data to assess risk, provide instant insurance quotations, and to streamline claims payments, which are delivered within days. Parametrix policies are backed by major A-rated global insurers.