Parametrix Insurance
Parametric Insurance for Business Interruption.
Overview
Parametrix Insurance specializes in providing parametric insurance for business interruption caused by the downtime of third-party cloud services, e-commerce platforms, payment gateways, and other critical digital infrastructure. Their policies are triggered by objective and verifiable downtime events, and they offer rapid payouts to help businesses recover from the financial losses associated with these outages. Parametrix aims to fill the coverage gap left by traditional cyber insurance policies, which often do not cover external technology failures.
✨ Key Features
- Parametric insurance for downtime of cloud services (AWS, Azure, Google Cloud)
- Coverage for e-commerce platforms, payment gateways, and CRM systems
- Rapid payouts based on predefined downtime triggers
- No need to prove financial loss
- Short waiting periods
🎯 Key Differentiators
- Focus on downtime of external, third-party services
- Rapid, no-hassle payouts
- Simple and transparent policy triggers
Unique Value: Provides businesses with fast and transparent financial protection against the growing risk of downtime from third-party digital services.
🎯 Use Cases (3)
✅ Best For
- Downtime insurance for businesses reliant on major cloud providers
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Business interruption caused by internal IT failures
🏆 Alternatives
Parametrix offers coverage for external technology failures that are often excluded from traditional cyber insurance policies, with much faster and simpler claims.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
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