Parametrix has launched new product designed cover the cost of digital interruption in the enterprise.

Underwritten by syndicates at Lloyd’s of London, the new cover promises clear and flexible parametric triggers with guaranteed reimbursement. Each policy is tailored to meet the insured’s specific needs, covering both first-party systems and dependent systems, including cloud services, payment gateways and customer relationship management systems.

Parametrix leverages its proprietary technology and models to underwrite customised policies that cover downtime for the specific risk profile of each insured.

“Listening to the needs of our enterprise clients and broker partners has always been at the core of our innovation and growth," said Jonathan Hatzor, CEO of Parametrix Insurance. “As the global leader in cloud outage insurance, we understand the critical impact digital system interruptions have on businesses. That's why we’ve developed cutting-edge, parametric insurance solutions tailored to meet the specific demands of enterprises. Our solutions not only empower companies to enhance their customer service, but also provide financial advantages, such as collateral relief and funding cost reductions, resulting in a stronger market position and improved performance.”

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