Cloud insurer Parametrix says claims ‘triggered’ after MS Azure outage

26-01-2023

Cloud insurer Parametrix says claims ‘triggered’ after MS Azure outage

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Parametrix, a managing general agent (MGA) and Lloyd’s Coverholder that underwrites parametric insurance against outages of the cloud, CDNs, or e-commerce platforms, has said that a service outage of Microsoft Azure that affected thousands of businesses and tens of thousands of users across multiple regions around the world has triggered its policy.


Parametrix, Cloud insurance, Microsoft Azure, Outage, Claims, Insurance, Technology, Amazon Web Services, Google Cloud

Intelligent Insurer