Parametrix
InsuranceNew York, United States11-50 Employees
Parametrix is an insurance provider that specializes in parametric coverage for digital business interruption. Its products address the financial impact of downtime in digital infrastructure, including disruptions to third-party SaaS, SLA breaches, cloud outages, and internal system failures. Coverage is designed to trigger predefined payouts when performance thresholds are breached, turning uptime risk into a predictable insurable outcome. The company operates as a Lloyd's Coverholder, with policies underwritten by major A-rated global insurers and distributed through leading brokers worldwide. Its target market includes data-center operators, investors, lenders, and other organizations that rely on digital systems and seek protection for both first- and third-party losses, with digital business interruption coverage serving as a foundation for uptime guarantees. Based in New York City, New York, Parametrix is a small-to-mid-sized insurer. In December 2025, Parametrix launched CyberPMX, a cyber and technology E&O product that embeds parametric digital BI coverage into traditional policies.