About Parametrix insurance

About company

Parametrix leverages the parametric insurance model to meet the needs of technology-dependent businesses. It focuses on external IT service downtime such as cloud outages, network failures, and third-party system crashes. Its payments are automatic, without the need to file a claim when downtime occurs. Powered by robust monitoring systems and precise risk aggregation capabilities, Parametrix's solutions leverage deep actuarial and data science expertise to provide new and innovative insurance policies.