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Key facts

Cohort: Cohort 4, 2020

Focus in insurance value chain/workflow: Placing | Point of underwriting I Loss modelling & analytics

Specific lines of business supported: Corporate I SME I Speciality I Reinsurance

Founded: 2019

Status: Operating, still in insurance

Company type: MGA

Head office: USA

Main global offices: USA, Israel, United Kingdom, Germany

Locations served: USA, Europe, Israel, Japan

Employee count: 11-100


Parametrix is an MGA and Lloyd’s coverholder, underwriting parametric insurance against outages of the cloud, CDNs or e-commerce platforms. its platform automates risk assessment, provides instant quotes, and delivers payments within days. Parametrix continuously monitors a variety of third-party IT services across the globe to collect granular data on service interruptions which is used to assess risk and streamline claims payments. It is backed by capacity from major A-rated global insurers. 

Lab activity

Primary focus product area whilst in the Accelerator: Cyber I Parametric I SMEs I Supply chain/NDBI

The Lloyd's Lab helped Parametrix accelerate the launch of its SME insurance product, gain deeper insights on its cloud modelling and actuarial analysis, and connect to potential capacity providers. Learning sessions organised through the Lab helped the participating and mentoring underwriters to understand new parametric coverage options and how to leverage technological capabilities to allow cloud outage risk coverage, as well as to be introduced to new risk management tools. 

"We were thrilled to launch our product and work with our partners at Lloyd's."
Ori Cohen, Co-Founder and Chief Operating Officer

Explore all our alumni

Learn about all our alumni who have take part in the Lloyd’s Lab Accelerator programme.