This week's Amazon Web Services (AWS) outage was not significant enough to be considered a Catastrophic Event, Parametrix has told us
Amazon AWS outage and parametric cyber | | | Amazon AWS outage not a catastrophe for parametric cyber (or Cumulus cat bond): Parametrix  This week's Amazon Web Services (AWS) outage may have cost billions in lost opportunity and downtime for technology and internet services around the world and could trigger some cyber insurance policies, but it was not significant enough to be considered a Catastrophic Event, Parametrix has told us. We felt it would be interesting to hear from specialist provider of digital business interruption risk analytics and solutions Parametrix, which helped in designing the parametric trigger and provides data and calculation services for the Cumulus Re cyber cat bond. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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