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ELEMENT and Parametrix launch innovative cloud outage insurance in Europe

Parametrix developed this unique insurance solution based on its proprietary monitoring technology that analyses the global performance and availability of cloud service providers’ down to the millisecond level. The highly advanced parametric system ensures an accurate and precise overview of risk accumulation and concentration across different IT-services and regions. Also, the monitoring system detects insured events in real time and triggers compensation with waiting periods as short as only one hour. This new insurance solution in the field of cyber and tech-related insurance is an innovative answer for companies to financial losses due to cloud outages.

New Zealand’s Auckland stays in lockdown, officials report Pfizer-linked death

The health ministry on Monday announced a woman had died due to myocarditis, which is known to be a rare side effect of the Pfizer-BioNTech COVID-19 vaccine. Myocarditis is an inflammation of the heart muscle that can limit the organ’s ability to pump blood and can cause changes in heartbeat rhythms. The health ministry did not provide the woman’s age. Pfizer in New Zealand did not immediately reply to an emailed request for comment.
Moderna Inc’s COVID-19 vaccine contamination woes in Japan have widened with another million doses being suspended after foreign substances were found in more batches and two people died following shots from affected lots.

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