Company Information

Get to know Parametrix Insurance

Founded in 2019, Parametrix Insurance is a Managing General Agent (MGA) specializing in insurance for technology downtime. The company's mission is to help businesses mitigate financial risks associated with outages of third-party cloud providers, SaaS applications, and e-commerce platforms. Unlike traditional insurance, Parametrix offers parametric policies that provide swift, pre-agreed-upon cash payouts when a covered downtime event occurs, without a lengthy claims process. The policies are backed by major global A-rated insurers, including certain underwriters at Lloyd’s of London and Hannover RE.

Industry

Financial InsurancePRIMARY
Financial Other Service
Technology Software Development

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Parametrix Insurance

United States

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.