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Parametrix Insurance

Parametric insurance for cloud outages, data center SLA failures, and digital system disruptions

Specialty Solutions Growth Series B
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Overview

Parametrix Insurance is a specialty insurance solutions provider focused on parametric coverage for technology downtime risk. Serving enterprises across North America, the UK, Europe, and Israel, the company offers insurance products that trigger automatically when digital infrastructure -- including cloud platforms, SaaS providers, and data center facilities -- suffers a service disruption beyond predefined thresholds. Target customers include mid-market to Fortune 500 enterprises that depend on cloud services and digital systems for revenue continuity.

The company operates as a Managing General Agent and Lloyd's Coverholder, with policies backed by more than 20 Lloyd's of London syndicates and A-rated global reinsurers. Its proprietary monitoring network tracks over 7,000 SaaS, PaaS, and IaaS providers and more than 750 data center facilities, analyzing over 1 billion performance data points monthly and running 18.5 billion availability tests per year. Coverage products include cloud outage insurance, data center SLA insurance, and CyberPMX -- a cyber and technology E&O product with embedded parametric digital business interruption cover.

Founded in Israel with headquarters in New York, Parametrix has raised USD 45M in total funding, including a USD 27M Series B in December 2025 led by Mundi Ventures, FirstMark Capital, and Hannover Digital Investments. Revenue tripled year-over-year in 2025. The company is a Lloyd's Lab Accelerator alumnus and has been covered by Bloomberg, Forbes, the Wall Street Journal, and Reuters.

Products & Services

Cloud Outage Insurance

Parametric coverage for disruptions to major cloud platforms including Amazon AWS, Microsoft Azure, and Google Cloud Platform. Policies use pre-agreed coverage terms and automated monitoring triggers. When a cloud outage crosses the defined threshold, the policy pays out automatically -- no claims investigation or adjuster involvement required. Features zero cash deductibles and short waiting periods, with architecture customized to each insured's cloud configuration.

Key Features

  • Automated payout triggered by monitored outage events
  • Zero cash deductibles; no claims process required
  • Coverage customized to individual cloud architecture

Target Users: Enterprises relying on AWS, Azure, or GCP for core operations

Data Center SLA Insurance

Investment-grade parametric protection against service level agreement breaches at data center facilities. Designed to stabilize digital infrastructure cash flows, improve access to capital, and protect AI workloads and enterprise systems housed in third-party data centers. Distributed through broker partners including Lockton.

Key Features

  • Covers SLA breach events at 750+ monitored data center facilities
  • Supports financing and investment protections for data center operators
  • Distributed through institutional broker partners

Target Users: Data center operators, enterprises with co-location infrastructure, institutional investors

CyberPMX

Launched December 2025. A combined cyber and technology errors and omissions insurance product that embeds parametric digital business interruption coverage. The parametric BI component pays out rapidly on clearly defined trigger events -- cloud outages, SaaS provider failures, payment gateway disruptions, and CRM outages -- separate from the traditional cyber claims process. Available to brokers across the US, UK, Europe, and Israel following a successful US pilot.

Key Features

  • Combines standard cyber/tech E&O with embedded parametric BI trigger
  • Pre-agreed parametric payouts on defined digital disruption events
  • Available across US, UK, Europe, and Israel

Target Users: Brokers placing cyber insurance for enterprises with digital revenue dependency

Enterprise Risk Solutions

Standalone parametric product covering first- and third-party losses from system failures. Targets corporations with revenues from USD 85M to USD 10B+, covering SaaS, PaaS, and IaaS platform disruptions including endpoint failures.

Key Features

  • First- and third-party loss coverage for digital system failures
  • Covers SaaS, PaaS, and IaaS provider disruptions
  • Scalable for large enterprise revenue exposure

Target Users: Corporations with USD 85M to USD 10B+ revenue dependent on digital platforms

Parametrix Analytics

Reinsurance and insurance analytics for cloud infrastructure risk. Capabilities include cloud infrastructure detection across 7,000+ providers, risk definition using proprietary monitoring and historical data, risk transfer structuring (parametric and non-parametric), and real-time monitoring across 115 cloud regions. The platform tracks 3,000+ historical cloud outage events.

Key Features

  • Monitors 7,000+ cloud and SaaS providers across 115 regions
  • Historical database of 3,000+ cloud outage events
  • Supports both parametric and non-parametric risk transfer structuring

Target Users: Reinsurers, carriers, and institutional partners requiring cloud risk quantification

At a Glance

Founded
2019
Headquarters
New York, NY
Employees
11-50
Funding
Series B

Category & Focus

Category
Specialty Solutions
Subcategories
Parametric Insurance Cyber Insurance Cloud Downtime Insurance Data Center SLA Insurance
Insurance Verticals
Specialty/E&S P&C Commercial
Target Customers
Carriers, Brokers, MGAs/MGUs

Customers

  • Digital Marketplace company (USD 1.8B+ revenue)
  • FinTech B2C company (USD 10B+ revenue)
  • US Retail company (USD 2B revenue)
  • EdTech company (USD 530M revenue)
  • Online Community Platform (USD 160M revenue)
  • SaaS Provider (USD 85M revenue)

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Last updated: 2026-06-05