Skip to content

cloudINSURE: Cloud Downtime Insurance

cloudINSURE is a parametric insurance solution designed to protect businesses against financial losses resulting from cloud service provider outages and downtime events.

Overview

In today's digital economy, businesses heavily rely on cloud infrastructure to deliver services to their customers. When cloud providers experience outages, businesses can suffer significant financial losses due to service disruptions, lost transactions, and damaged customer relationships.

cloudINSURE offers:

  • Fast and automated claims payments when cloud outages occur
  • No lengthy claims assessment processes
  • Customizable coverage for specific cloud providers, regions, and services
  • Transparent trigger conditions based on measurable downtime events

cloudINSURE Overview

Key Features

  • Multi-Cloud Support: Coverage for major cloud providers including AWS, Azure, Google Cloud, and others
  • Granular Coverage Options: Insurance for specific cloud regions, availability zones, or services
  • Automated Monitoring: Continuous monitoring of cloud service status across global regions
  • Rapid Payouts: Claims settled within days of a qualifying outage event
  • Customizable Triggers: Flexible configuration of downtime thresholds to match business needs

Target Audience

cloudINSURE is ideal for:

  • Digital businesses relying on cloud infrastructure
  • SaaS providers with customer uptime commitments
  • E-commerce platforms where downtime means lost sales
  • Financial services applications requiring continuous availability
  • Any organization with critical cloud-dependent operations

How It Works

  1. Risk Assessment: Analysis of the client's cloud infrastructure dependencies
  2. Policy Configuration: Selection of covered cloud providers, regions, and services
  3. Monitoring Setup: Implementation of the Cloud Observatory monitoring system
  4. Continuous Monitoring: Real-time tracking of cloud service availability
  5. Automated Claims: Immediate claim process when qualifying downtime events occur

For more details on cloudINSURE, explore the following resources:

Note: cloudINSURE products are subject to regulatory approval in each jurisdiction and may not be available in all markets.