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 is a pioneer in the monitoring and modeling of cloud providers and cloud-based services. Our platform automates risk assessment, pricing, and modeling of these sophisticated platforms. Parametrix continuously monitors a variety of third-party IT services across the globe to collect granular data on service interruptions. We generate real-time alerts on outage events, and provide access to valuable data sets. As a Managing General Agent and Lloyd’s Coverholder, Parametrix underwrites parametric insurance against outages of the cloud, CDNs, or e-commerce platforms, backed by major A-rated global insurers. Parametrix operates from offices in New York, Tel Aviv, London, and Munich.