Parametrix Insurance, a provider of parametric cloud downtime insurance, and IMA Financial Group (IMA), a North American insurance brokerage firm, have announced that they have entered into a partnership to help more companies protect themselves and their customers against losses from cloud downtime.
The partnership will allow IMA to make Parametric downtime coverage available throughout its entire footprint and subsidiaries.
At the same time, Parametrix will integrate into IMA platforms and systems for seamless provisioning.
The two companies will also collaborate on marketing activities, as well as offer high-value consultative enterprise assessments and analysis of downtime risks and exposure.
Yonatan Hatzor, co-founder and CEO of Parametrix, commented: “Parametrix is proud to partner with IMA, an innovative brokerage firm and a great match for Parametrix, due to our mutual commitment to bringing new insurance products to market and helping enterprises mitigate downtime risk. We have a shared goal of achieving a seamless experience for clients facing increasingly complex risk.”
Garrett Droege, IMA Financial Group Director of Innovation and Strategy, added: “Digital-native companies have become integral to society, and our clients must maintain uptime of their platforms to provide the best user experience. Through our partnership with Parametrix, we can add risk mitigation measures from the leader in cloud downtime insurance to protect our clients from outages.”
