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.

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About Parametrix

Parametrix is the leading provider of cloud outage analytics and insurance solutions. We specialize in underwriting parametric insurance for system interruption, helping businesses protect against the costly impacts of downtime. Leveraging proprietary technology, we continuously monitor third-party IT services, gathering granular data on service performance and interruptions. This data enables us to assess risk accurately, provide instant insurance quotations, and streamline claims payments, ensuring our clients receive fast, reliable support when they need it most. Parametrix is a Managing General Agent and Lloyd’s Coverholder whose policies are backed by major A-rated global insurers. The company is based out of New York.