# Parametrix

> Parametrix is a New York insurtech that built the first insurance category for technology downtime. When AWS, Microsoft Azure or Google Cloud stops working, its parametric policies pay out automatically against an objective trigger - no adjuster, no claim form, no argument about whether you were really down. It monitors 750+ data centers and 9,000+ software providers to price and settle a risk that traditional cyber insurance mostly excludes.

- **Founded:** 2019
- **Headquarters:** New York, United States
- **Founders:** Jonathan (Yonatan) Hatzor (Co-Founder & CEO), Neta Rozy (Co-Founder & CTO), Ori Cohen (Co-Founder & COO), Tamir Carmel (Co-Founder & Chairman)
- **Team size:** ~41-51 employees
- **Products:** Cloud Outage Insurance, Infrasight monitoring platform, Data Center SLA Insurance, Cumulus Re catastrophe bond, AIG Parametric Cloud Outage Solution
- **Notable:** Built the first insurance category dedicated to cloud and technology downtime., Structured the first-ever catastrophe bond focused purely on cloud-outage risk (Cumulus Re)., Published the widely cited estimate that the CrowdStrike outage cost US Fortune 500 companies $5.4B, with $540M-$1.08B in insured losses.

## Products & services

- **Cloud Outage Insurance** — Parametric business-interruption cover that pays out automatically when a major cloud provider (AWS, Azure, Google Cloud) suffers a sustained outage, based on an objective downtime trigger rather than a traditional claims process.
- **Infrasight monitoring platform** — Proprietary SaaS platform that continuously monitors 750+ data centers and tracks 9,000+ software, SaaS, PaaS and IaaS providers, giving insurers and enterprises real-time exposure and aggregation visibility.
- **Data Center SLA Insurance** — Investment-grade risk transfer for digital infrastructure and service-level-agreement breach, expanded alongside the company's Series B.
- **Cumulus Re catastrophe bond** — The first-ever catastrophe bond focused purely on cloud-outage risk, structured by Parametrix for sponsor Hannover Re - growing from $13.75M (2024) to $20M (2025) to $35M (2026).
- **AIG Parametric Cloud Outage Solution** — A parametric cloud-outage endorsement launched by AIG in the US, powered by Parametrix's monitoring of 750+ data centers and 9,000+ tech providers.

## Achievements

- Built the first insurance category dedicated to cloud and technology downtime.
- Structured the first-ever catastrophe bond focused purely on cloud-outage risk (Cumulus Re).
- Published the widely cited estimate that the CrowdStrike outage cost US Fortune 500 companies $5.4B, with $540M-$1.08B in insured losses.
- Signed AIG as a carrier partner for a US parametric cloud-outage product in 2026.
- Grew the Cumulus Re cat bond from $13.75M to $35M in three years.

## Latest updates

- **2026-08** — AIG launched a parametric cloud-outage solution in the US, powered by Parametrix's monitoring of 750+ data centers and 9,000+ technology providers.
- **2026-04** — Parametrix placed the largest cloud-outage catastrophe bond to date - $35M of Cumulus Re 2026-1 notes - for sponsor Hannover Re.
- **2025-12** — Closed a $27M Series B led by Mundi Ventures to expand parametric digital-infrastructure insurance.
- **2025-10** — An AWS outage triggered some parametric policies (paid swiftly) but fell short of the catastrophe threshold for the Cumulus cat bond.
- **2024-07** — Published its analysis of the CrowdStrike outage, estimating $5.4B in Fortune 500 direct losses and $540M-$1.08B in insured losses.

## Links

- Website: https://parametrixinsurance.com
- LinkedIn: https://www.linkedin.com/company/parametrix-insurance
- Twitter/X: https://x.com/parametrixinsur
- Facebook: https://www.facebook.com/Parametrixinsurance

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Profile page: https://yespress.io/parametrix
Published by YesPress — https://yespress.io
Last updated: 2026-08-20