InsureTech

Cloud Outages: Geo-Diversity of Storage Could Be a Good Thing

Geo-diversity in Cloud storage could be a good defence mechanism, according to this piece of research. It certainly increases the odds of someone skilled being in charge when things go wrong if your servers are […]

News

Parametrix Estimates CrowdStrike Losses at $5.4bn

Some data from Parametrix, who have been working out the losses suffered by US companies after the CrowStrike event; Parametrix, the leading provider of cloud monitoring, modeling, and insurance services, estimates that the total direct […]

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

Concerned About AI Services Going Down? There’s a Tool For That

The word from Parametrix; Parametrix has expanded its capabilities to include real-time monitoring of the availability of Artificial Intelligence (AI) services. Platforms such as OpenAI’s ChatGPT, Google Gemini, Claud, and others can now be monitored, […]

Technology

Parametrix Commentary On Recent Microsoft Outage

Some feedback from Parametrix on the Microsoft outage earlier this week; Parametrix, the leading provider of cloud downtime insurance, monitored an outage of Microsoft Azure, the world’s second-ranked cloud service provider. One of the ‘Big […]

Insurance Brokers

Parametrix Expanding Its Reinsurance Capacity

Parametrix, the leading provider of downtime insurance, has announced it is strengthening and expanding its operations in the United States with additional reinsurance capacity. Partners Hannover Re and certain underwriters from Lloyd’s, including Tokio Marine Kiln, […]

InsureTech

Parametrix Survey Reveals Home Truths About Cloud Outages

Parametrix, the provider of technology downtime insurance, today announced the results of a survey of 324 corporate decision-makers about cloud reliance, downtime concerns, and downtime insurance coverage. The survey was conducted in July 2022 by Momentive and […]

InsureTech

Parametrix Launches CDN Downtime Cover

Parametrix, the provider of technology downtime insurance, today announced the launch of Parametrix CDN Downtime Insurance. This first-of-its-kind insurance coverage protects businesses from the financial fallout of third-party content delivery network (CDN) outages, securing cash […]