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.

Founded in

United States