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How insurers can survive systemic technology outages
03 April 2025Jonathan Hatzor, chief executive of managing agent and cloud outage analytics provider, Parametrix, says the insurance industry must rethink how it assesses and underwrites exposure to technology service providers or risk severe losses. Joshua Geer reports
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Regionality has a key role in systemic cyber events
30 August 2024Geographical diversification mitigates risks of cloud outage, say Aon and Parametrix
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Cyber insurers could face largest loss in 20 years from CrowdStrike outage
25 July 2024Insured losses are estimated to be between $400m and $1.5bn, says CyberCube
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Insured losses from CrowdStrike outage could exceed $1bn for Fortune 500
24 July 2024Parametrix said the portion of economic losses covered under cyber insurance policies will not be more than 10% to 20%
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Hannover Re and Parametrix issue $13.75m cat bond for cloud outage risk
16 April 2024Cumulus Re protects the German reinsurer against cloud outage loss accumulation within its cyber reinsurance portfolio
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Hannover Re and Parametrix working to bring cloud outage ILS to market
17 February 2023The offering is planned to be several tens of million dollars
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Insurtech weekly: InsureQ, Alan, Ignatica, Swiss Re, Lemonade, Leapstack, Archipelago, Sompo, Parametrix, Covéa
23 April 2021InsuranceERM rounds up the latest developments in the fast-moving world of insurtech