AIG & Parametrix launch cyber parametric solution for cloud service outage losses
American International Group, Inc. (AIG), a global insurer and reinsurer, has launched a new Parametric Cloud Outage Solution in partnership with Parametrix, a provider of digital business interruption solutions, offering additional cyber protection for clients experiencing business interruption losses from cloud service outages and cloud provider downtime. The solution’s parametric formula is backed by Parametrix’s…