Parametrix has expanded its cyber insurance offerings with a new parametric solution designed to cover digital system interruptions and technology performance guarantees. Named Parametrix Enterprise Solutions, the product provides up to $50 million in coverage backed by Lloyd's of London, targeting business interruption caused by IT system failures, including internal and external systems such as cloud services and payment gateways. The policy is tailored to each client's needs and offers a flexible, performance-based alternative to traditional service level agreements (SLAs), potentially reducing collateral requirements and funding costs. Parametrix's new offering aims to address the growing risks of digital disruptions and could also have applications in cyber reinsurance, with future potential for scaling up to larger catastrophe bonds for IT outage coverage.