AIG & Parametrix launch cyber parametric solution for cloud service outage losses

AIG and Parametrix have launched a new cyber parametric insurance product designed to cover losses from cloud service outages, introducing a technology-driven solution to the growing cyber risk in cloud services.

This Wire brief sits within Fusion42's coverage of Cybersecurity. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.