Parametrix Enterprise Risk
Parametrix Enterprise Risk is a cyber insurance product underwritten by Parametrix Insurance, Inc. (Parametrix (USA)), available in Spain. It is aimed at large enterprises and multinational groups. Coverage limits reach up to Bespoke.. The policy extends beyond standard cyber liability with Cyber crime / FTF and Primary & excess. 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.
- 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
Frequently asked questions§ 04
+Who is Parametrix Enterprise Risk designed for?
Parametrix Enterprise Risk by Parametrix Insurance, Inc. targets large enterprises and multinational groups in Spain. Geographic scope: Global (Lloyd's coverholder; US HQ)..
+What proactive security services are included with Parametrix Enterprise Risk?
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 Enterprise Risk 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 Enterprise Risk in Spain?
Parametrix Enterprise Risk is sold through insurance brokers — broker contact: https://www.parametrixinsurance.com/contact. Compare it with alternatives in Spain on Ryskly before approaching a broker.