Parametrix, a provider of cloud monitoring, modeling, and insurance services, has secured a groundbreaking $50 million parametric cloud outage coverage for a US retail chain. The innovative coverage, designed by re/insurance broker Aon, protects the client against Amazon Web Services (AWS) outages during its sale season. The placement was supported by several re/insurers, including Hannover Re, HDI Global Specialty, and Munich Re Syndicate. This achievement marks a significant milestone in providing cutting-edge risk management solutions in the digital age.
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