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Parametrix

Build trust in technology with parametric insurance for digital infrastructure downtime.

Specialty Solutions Growth USD 45M (Series B + earlier rounds)
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Overview

Parametrix is a New York-based insurtech and Lloyd's Coverholder that pioneered parametric insurance for digital infrastructure downtime. The company provides policies that pay out automatically when critical cloud, data centre, or SaaS services experience verifiable outages -- without requiring traditional loss adjustment or lengthy claims investigation. Parametrix operates across 200+ countries backed by 20+ Lloyd's syndicates and major A-rated global insurers.

Parametrix has built proprietary monitoring infrastructure that continuously tracks digital service availability across 750+ data centres and 7,000+ SaaS, PaaS, and IaaS providers across 115 global regions, processing 260 billion cloud performance data points annually. The company maintains a historical database of 3,000 audited cloud outage events and monitors 387 active alert systems, enabling rapid automated trigger determinations and analytics for reinsurers.

Founded in 2019 and having grown 3x in 2025, Parametrix distributes policies through leading global brokers and serves digital businesses ranging from fintechs and SaaS providers to data centre investors and Fortune 500 enterprises. Its hybrid team operates from New York and Tel Aviv.

Products & Services

Cloud Outage Insurance

Parametric coverage triggered by verifiable outages affecting Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). Policies are tailored to each client's specific cloud architecture.

Key Features

  • Pre-agreed coverage terms with no loss adjustment required
  • Automated outage detection via Parametrix monitoring systems
  • Rapid hassle-free payouts upon trigger confirmation
  • Coverage limits up to USD 100M per risk

Target Users: Digital marketplaces, fintechs, SaaS providers, edtech companies, online retailers

Data Centre SLA Insurance

Parametric protection for data centre operators and investors against service level agreement breaches on digital infrastructure assets.

Key Features

  • Covers SLA breach events with pre-agreed payout structures
  • Targeted at data centre investors, capital providers, and operators
  • Supports institutional confidence in data centre transactions

Target Users: Data centre investors, capital providers, data centre operators

Cyber and Tech E&O Insurance

Traditional cyber coverage enhanced with embedded parametric business interruption triggers for technology companies.

Key Features

  • Parametric BI trigger embedded in cyber and tech E&O framework
  • Coverage for first- and third-party technology performance failures
  • Waiting periods starting at 2 hours

Target Users: Technology companies, cybersecurity firms, SaaS providers

Enterprise Risk Solutions

Standalone parametric business interruption coverage for large enterprises facing first- and third-party system interruption risk.

Key Features

  • First-party coverage: revenue impact, internal system damage, productivity disruption, production downtime
  • Third-party coverage: contractual SLA liabilities and performance warranties
  • Coverage limits up to USD 100M; waiting periods from 2 hours
  • Globally available

Target Users: Fortune 500 companies, large asset managers, major digital enterprises

Parametrix Analytics

Cloud outage risk analytics and reinsurance solutions for reinsurers, enabling them to map, assess, model, and transfer cloud outage exposure.

Key Features

  • Maps cloud infrastructure dependencies with redundancy analysis
  • Stochastic risk modeling using 260B+ annual data points and 3,000+ audited outage events
  • Continuous portfolio aggregation monitoring with real-time alerts
  • Customisable parametric and non-parametric reinsurance structures

Target Users: Reinsurers, carriers seeking cloud exposure quantification

At a Glance

Founded
2019
Headquarters
New York, NY, USA
Employees
11-50
Funding
USD 45M (Series B + earlier rounds)

Category & Focus

Category
Specialty Solutions
Subcategories
Parametric Insurance Technology Business Interruption Cloud Outage Coverage Data Centre SLA Insurance
Insurance Verticals
Specialty/E&S P&C Commercial Reinsurance
Target Customers
Carriers, Brokers, MGAs/MGUs, Reinsurers

Customers

  • Digital marketplace (USD 1.8B+ revenue)
  • FinTech platform (USD 10B+ revenue)
  • EdTech company (USD 530M revenue)
  • Online community platform (USD 160M revenue)
  • Retail enterprise (USD 2B revenue)
  • SaaS provider (USD 85M revenue)

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Last updated: 2026-06-05