Insurance claims

Payouts Made on AWS Outage Claims

Rapid payments made on AWS outage incident; Parametrix, the leading provider of downtime insurance solutions for digital infrastructure and technology risk, has already paid claims to clients impacted by the Amazon Web Services (AWS) us-east-1 […]

News

Parametrix Estimates AWS Outage Costs

Parametrix, the leading provider of cloud monitoring, modeling, and insurance services, has estimated the financial loss to US companies arising from the disruption to Amazon Web Service’s (AWS) us-east-1 cloud service region on October 20 […]

InsureTech

More Thoughts on the AWS Outage: Are Cloud Services Too Centralised?

Is digital portal/platform systems risk essentially being concentrated too much? It’s a question worth asking after the latest AWS problems. Here’s the word. The large-scale Amazon Web Services (AWS) outage represents a moderate incident for […]

Liability/Casualty

The Importance of Cyber Insurance in Entertainment Businesses

Entertainment businesses store exactly what cybercriminals want most. Streaming platforms hold millions of customer payment details. Gaming companies have user databases worth fortunes on black markets. Production studios keep unreleased films and music that hackers […]

InsureTech

Adaptive Insurance Integrates Ting Insights into Grid Protect

The latest update from Adaptive Insurance in the USA;  Adaptive Insurance, a leading innovator in parametric insurance, announces the integration of Whisker Labs’ Ting Insights into its flagship product, GridProtect – marking a new era in how power outage […]

Global insurance trends

Parametrix Launches New Embedded Insurance Program

The latest product news from Parametrix; Parametrix, the leading provider of digital business interruption risk solutions, has launched a new embedded insurance program to protect against sustained systems outages triggered by security-service malfunctions. The insurance […]

Opinion

Financial Services Must Heed the Warnings of the Heathrow Fire

This topical piece is by Rupert Bull, CEO and Co-Founder, The Disruption House. The recent chaos at Heathrow Airport, triggered by the failure of a single substation, resulted in the cancellation of approximately 1,300 flights. […]

News

Parametrix Places Cumulus Re II Cat Bond

Parametrix, the leading provider of digital business interruption risk analytics and solutions, announces the structuring, issue, and placement of Cumulus Re II. This second, larger cloud outage catastrophe bond attracted a greater number of investors […]