Parametrix CyberPMX
Parametrix CyberPMX is a cyber insurance product underwritten by Parametrix Insurance, Inc. (Parametrix (USA)), available in Germany. It is aimed at small and medium-sized businesses, mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Up to $15M. The policy extends beyond standard cyber liability with Cyber crime / FTF, Primary & excess and Tech E&O combined. Policyholders get 3 bundled proactive services — Threat intelligence, Incident response and Risk platform / portal — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A (Excellent) – AM Best (20+ Lloyd's syndicates; A-rated global insurers).. The product signals support for NIS2/DORA regulatory requirements. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Parametrix: New York-based MGA and Lloyd's coverholder; founded 2018; $45M raised; 300% top-line growth 2025; 20+ leading Lloyd's syndicates; backed by major A-rated global insurers.
- Pioneer in parametric digital business interruption insurance; proprietary monitoring platform tracks 7,000+ SaaS/PaaS/IaaS services and 750+ data centers worldwide; generates 1B+ performance data points/month.
- Trusted by Fortune 500 companies, data center operators, and major asset managers globally.
- Parametric trigger: pre-agreed coverage terms; automatic detection of outage events; payout within days of event — no lengthy investigation or disputed claims.
- Lloyd's Lab alumnus; awarded Cyber InsurTech Product of the Year (shortlist) — Intelligent Insurer Cyber Insurance Awards Europe 2024.
- CyberPMX (launched Dec 2025): all-in-one cyber insurance product embedding parametric digital business interruption insurance into high-quality conventional cyber and tech E&O coverage.
- Conventional cyber layer: standard first- and third-party cyber coverages (data breach, ransomware, regulatory fines, network security liability).
- Parametric BI layer: rapid pre-agreed payouts triggered by clearly defined BI events — outages of cloud services, SaaS providers, payment gateways, CRMs, and digital supply chain components.
- No lengthy investigation; no disputed claims; payment certainty within days of trigger event.
Limitations
- Technology companies and businesses with significant cloud/SaaS dependency.
- Broker distribution.
- Global via Lloyd's.
- Nation-state exclusions apply.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Parametrix CyberPMX designed for?
Parametrix CyberPMX by Parametrix Insurance, Inc. targets small and medium-sized businesses, mid-market companies, large enterprises and multinational groups in Germany. Geographic scope: Global (Lloyd's coverholder; US HQ)..
+What proactive security services are included with Parametrix CyberPMX?
The policy bundles 3 proactive services: Threat intelligence, Incident response and Risk platform / portal. These preventive services are typically included in the premium.
+Does Parametrix CyberPMX help with NIS2 or DORA compliance?
Parametrix Insurance, Inc. indicates the following NIS2/DORA support for this product: NIS2 and DORA compliance advisory included..
+How can I buy Parametrix CyberPMX in Germany?
Parametrix CyberPMX is sold through insurance brokers — broker contact: https://www.parametrixinsurance.com/contact. Compare it with alternatives in Germany on Ryskly before approaching a broker.