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 […]
Cyber is still something of a mystery for many of us in the insurance sector. The sudden viral attacks, ransom demands or loss of systems access, it’s all a bit James Bond sometimes. But this […]
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 […]
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 […]
The new way of working life, with many insurance sector workers now adopting a hybrid mix of remote and office working longer term, brings different benefits for different groups. For employees it can mean a […]
Parametrix Insurance, the provider of parametric cloud downtime insurance, and Leavitt Group, the 14th largest privately-held insurance brokerage in the United States, today announced that ComTech-Leavitt Insurance Services, a member of Leavitt Group and Parametrix […]
The recent outage of several UK government and mainstream media websites, many of which run on Fastly Cloud systems, shows how vulnerable online businesses like insurers are. Losing even one hour’s worth of online business […]
Seriously, it isn’t the ransom that’s the problem. It’s the 404 error page, the sudden halt to revenue coming in online, the damaged brand rep – all that and a heap of extra IT costs […]
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