Parametrix

Payment system downtime comes at a steep cost. It can lead to direct revenue loss, disrupt cash flow, and force companies to spend a fortune on compensation and recovery efforts. Even worse, it can cause long-lasting reputational damage, breaking customer trust in a matter of minutes. As digital payments continue to dominate, the financial stakes have never been higher. Parametrix insurance protects companies against losses from interruption of mission-critical IT systems, like payment gateways. Our parametric policies are tailored to each client’s unique risk profile, enhancing system resilience, financial stability, and operational continuity. Read more about the cost of payment system downtime here: https://lnkd.in/dis2_abA Forbes Omniwire, Inc. Serge Beck #payment #systeminterruption #downtime #parametric #insurance #riskmanagement

Parametrix is excited to be featured on Future Forward: Israel’s AI Expansion Blueprint - a collaboration by Deloitte Catalyst, F2 Venture Capital, and Google Cloud Israel that highlights the emerging AI market. Parametrix monitors the availability of #AI services to provide the insurance industry with the tools to understand and manage this emerging risk. According to Gartner, 70% of enterprises are expected to adopt GenAI by 2027, increasing the need for reliable insights into these critical third-party AI services. We are proud to be recognized as part of this dynamic landscape. Check out the AI Landscape Map and read the full report here: https://lnkd.in/deV8UYTu

The #1 CRM provider and a leading player in cloud and AI, experienced yet another major global outage that impacted operations across five of its data centers. Services from providers like Salesforce are integral to the operations of companies around the world. When one of them experiences downtime, it can result in a cascade effect, where multiple businesses relying on these services are affected, often leading to disrupted workflows, service outages, and potential financial losses. Read more about it here: https://lnkd.in/diPA2xtf #salesforce #outage #cyberrisk #riskmanagement

Parametrix is honored to be a finalist for the Cyber Insurance Technology Provider of the Year and the Cyber MGA of the Year categories at the Cyber Insurance Awards Europe 2025! This recognition is a testament to our team’s commitment to driving innovation and developing impactful, parametric solutions that protect businesses against emerging risks in the digital supply chain . We are grateful for the trust and collaboration of our clients and partners, whose support has been instrumental in helping us lead and shape the future of cyber insurance. Check out the full list of finalists here: https://lnkd.in/ddZcXfZB Intelligent Insurer #cyberInsuranceawardsEU #cyberinsurance #parametric #cyberawards

Parametrix has launched tailored parametric insurance solutions protecting large enterprises from system interruptions. Policies provide comprehensive coverage for both company owned and third-party IT systems such as cloud services, payment gateways, and CRMs are insured under one policy. Enterprise solutions are customized to address the unique needs of each individual clients. For example, a policy can serve as an alternative to performance or SLA guarantees, offering financial advantages such as collateral relief and reduced funding costs. As experts in cloud outage insurance, this new offering represents a natural evolution in our commitment to helping businesses protect their digital supply chain. You can read more about it here: https://lnkd.in/dpziv4Da Artemis.bm Steve Evans #parametric #insurance #enterprisesolutions #systeminterruption #digitalsupplychain

Parametrix Co-Founder & CEO, Jonathan Hatzor, will be speaking at Zywave’s Cyber Risk Insights Conference in New York City tomorrow. The panel discussion will cover topics ranging from third-party vendor reliance, industry-specific risks, challenges in anticipating risk accumulations, and more. Panelists include: • Jonas Schwade, CEO, cysmo® Cyber Risk Rating • Kyle L., VP of Cybersecurity Risk Engineer, Arch Insurance Group Inc. • Tiago Henriques, VP of Research, Coalition, Inc. • Courtney Maugé, Esq. SVP and Cyber Practice Leader, NFP, an Aon company Check out the agenda here: https://lnkd.in/gC2bRfHv #cyberriskinsights #supplychainrisks #riskmanagement

Last week, the Parametric Insurer Conference gathered leaders from around the world to discuss how parametric insurance is evolving to meet today’s biggest challenges. Key insights from the event include: ▪ Insurance as a catalyst: Rowan Douglas CBE, CEO of Climate Risk and Resilience at Howden, emphasized the role of insurance as a "capital valve”, driving investment and resilience ▪ Addressing basis risk: technology and layered triggers are minimizing basis risk, making parametric insurance cleaner and more transparent ▪ Complementing traditional insurance: Broker education on parametric products is crucial, as they fill protection gaps rather than compete with traditional offerings ▪ Tackling volatility: from cyber to business interruption, parametric solutions can address volatility with structured simplicity and bespoke solutions for both SMBs and enterprises The day commenced with the awards ceremony, gathering over 150 industry professionals to celebrate innovation and excellence in the market. Congratulations to all those who were shortlisted and to the 2024 winners! The Insurer Reuters Henry Gale Adrian Leonard Sophie Roberts #parametricinsurer #parametrics #insurance #reinsurance #alternativerisktransfer #indexbasedsolutions

“Tightly bundled technology solutions run the risk of creating single points of failure. Many businesses rely heavily on integrated systems and third-party IT services, which, while efficient, can also leave them vulnerable,” says Parametrix Co-founder and CEO, Jonathan Hatzor. Mapping and managing aggregation risks is essential to better evaluating exposures and mitigating both malicious and nonmalicious threats. Read more about how the increasing reliance and interconnectivity of the digital supply chain is impacting cyber risks and what the insurance industry is doing to address these vulnerabilities. https://lnkd.in/dyaf2MP6 Business Insurance Matthew Lerner #cyberrisk #systemicrisk #cyberinsurance #riskmanagement

The International Monetary Fund's Global Financial Stability Report 2024 highlights the transformative impact of generative AI on capital markets, improving efficiency while also introducing new risks. This is particularly relevant when considering the increased reliance on cloud infrastructure, which underpins many AI processes. “The high fixed costs associated with internal development or deployment of sophisticated AI [...] could lead smaller players to resort to critical third party service providers of cloud and AI software services, further amplifying outsourcing, market concentration and vendor lock-in risks” According to Parametrix Cloud Monitoring System, critical cloud outages occurred more frequently and lasted longer in 2023 compared to the previous year. This growing risk not only disrupts businesses but also has the potential to affect the broader economy. The full report is available today: https://lnkd.in/eaXy5a6R #cloud #genAI #thirdparty #emergingrisks #captialmarkets

Parametrix has been nominated for Parametric MGA of the Year for the inaugural Parametric Insurer Awards 2024. As the leading provider of parametric insurance for system disruptions, Parametrix is committed to delivering innovative insurance solutions that safeguard businesses against emerging risks in the digital supply chain. The Insurer #parametric #insurance #reinsurance