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