News

Crowdstrike Outage: Comment and Reaction From the Software Sector

Some comment and reaction to the Crowdstrike online outage/attack; CYBERCUBE CyberCube’s Cyber Aggregation Event Response Service (CAERS) has been activated as a result of the CrowdStrike/Microsoft event. CAERS provides up-to-date intelligence on major cyber catastrophes […]

InsureTech

Cloud Outage Risk Prompts Cumulus Re Cat Bond Launch

The latest news from Parametrix as the risks to business posed by Cloud outage increase; Parametrix, the leading cloud monitoring, modeling, and insurance services company and Hannover Re, one of the world’s leading reinsurers, and […]

InsureTech

Swiss Re Announces New ILW Deal, Includes Cloud Outage Cover

Some news in from Swiss Re as they continue to spot interesting acquisitions; Swiss Re has purchased the cyber market’s first retrocession ILW, (industry loss warranty) brokered by Gallagher Re and supported by a number […]

InsureTech

Downloads: Cloud-In-A-Box White Paper From Parametrix

Parametrix is working to bring to market Insurance-Linked Securities (ILS) transactions which would protect ceding re/insurers against a major sustained outage of “the cloud,” to which many re/insurers are exposed through their cyber portfolios. A […]

Global insurance trends

Parametrix & IMA Team Up On Downtime Losses

Parametrix Insurance (Parametrix), the provider of parametric cloud downtime insurance, and IMA Financial Group (IMA), a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, have announced they have entered into […]

Global insurance trends

Crypto: Parametrix Launches Cloud Downtime Insurance

Parametrix, the provider of technology downtime insurance, today announced Cloud Downtime Insurance for Crypto is available to insure crypto companies against cloud outages. Should a crypto exchange, wallet, DeFi or platform become inaccessible due to […]