Parametrix Insurance, Inc. (Parametrix (USA))

Parametrix Enterprise Risk

by Parametrix Insurance, Inc.
B2BAMGANIS2Broker onlyGlobal (Lloyd's coverholder; US HQ)English
Last updated 15.05.2026

Product Details§ 01

Max Insurance Limit
Bespoke.
Min Premium / Revenue
All sizes from SME to Fortune 500; no published minimum.
Market Focus
Large, Multinational
Coverage
Cyber crime / FTF, Primary & excess
AM Best Rating
A (Excellent) – AM Best (20+ Lloyd's syndicates; A-rated global insurers).
MGA / Direct
Yes – MGA (Lloyd's coverholder).
Policy Language
English
NIS2 / DORA Support
NIS2 and DORA compliance advisory included.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned).
Geographic Scope
Global (Lloyd's coverholder; US HQ).
Broker Only
Yes

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.
  • Enterprise Risk: standalone parametric BI product covering both first- and third-party losses from system failures and technology performance failures.
  • First-party: revenue impact, internal system damage, productivity disruption, production downtime.
  • Third-party: contractual liabilities including SLA commitments.
  • Can be used as foundation for performance warranties and uptime-based guarantees.
  • Designed for large enterprises with complex cloud and digital infrastructure dependencies.

Limitations

  • Large enterprise and Fortune 500 companies.
  • Broker and direct channels.
  • Global via Lloyd's.
  • Nation-state exclusions apply.

Contact & Response§ 03

24/7 Crisis Hotline
Automatic parametric trigger + claims team; https://www.parametrixinsurance.com/contact