As the Crypto industry matures, it seeks more acceptance and acknowledgement from mainstream players in the finance industry. Insurance is fast becoming an important anchor to attest to the crypto industry's maturity, and to provide much needed security and credibility to the growing crypto investor community.
The The Wall Street Journal lays out some of the innovators who are helping bridge the gaps. Among them Parametrix and the products that are designed to add a layer of protection against cloud downtime, for businesses and their customers.
"Demand for cloud insurance has grown among crypto exchanges after traders and investors filed several lawsuits seeking millions of dollars in damages related to outages."
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.
.svg)
