Archive

Parametrix raises $27m to scale data centre and downtime cover

How insurers can survive systemic technology outages

Jonathan Hatzor, chief executive of managing agent and cloud outage analytics provider, Parametrix, says the insurance industry must rethink how it assesses and underwrites exposure to technology service providers or risk severe losses. Joshua Geer reports

Hannover Re and Parametrix issue $13.75m cat bond for cloud outage risk

Cumulus Re protects the German reinsurer against cloud outage loss accumulation within its cyber reinsurance portfolio