Parametrix CyberPMX

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.