Parametric Insurance for Cloud Downtimes
Why is it relevant?
Cloud computing has quickly established itself as critical to the modern digital age as physical infrastructure like roads, bridges, and trains has in the past. But with the reliance on the cloud, the vulnerability towards an cloud outage becomes mission critical.
How does it work?
Insurance coverage pays a pre-agreed amount covered in case of a minimal downtime in a pre-defined service of a third party cloud provider.
Who is it designed for?
Everyone who relies on the cloud, from SMEs up to large multinationals.