Parametriks uses AI and real-time data to help insurers and asset owners reduce risk, optimize pricing, and improve claims processing with predictive analytics.
Parametriks is an innovative insurtech platform that empowers insurers and asset owners to proactively manage risk and optimize insurance strategies using advanced AI and machine learning. Designed for insurance companies, underwriters, property managers, and corporate clients, Parametriks delivers real-time analytics and predictive modeling to reduce costs and improve decision-making.
AI-powered dashboard with machine learning algorithms for accurate risk prediction and data analysis
Fusion of real-time and historical data to enhance predictive accuracy
Customizable insurance plans driven by generative AI and ML models for personalized coverage
Transparent policy management, claim payouts, and fraud reduction to build trust
Automated claims processing and reporting to streamline operations
Dynamic pricing and personalized underwriting for improved premium accuracy
Incident response planning and user training modules to enhance preparedness
Advanced data visualization and predictive risk modeling for actionable insights
Seamless API integration enabling smooth data fusion with existing systems
By leveraging Parametriks, users can achieve up to 15% reduction in insurance payouts, increase claims avoidance by 50%, and improve customer loyalty by 60%. The platforms focus on proactive risk avoidance rather than reactive mitigation helps insurers and asset owners save costs while enhancing transparency and operational efficiency.
Parametriks integrates seamlessly through its API, supporting real-time and historical data sources to fit into diverse technology environments. This makes it a versatile solution for those seeking to innovate and lead in the insurance industry with data-driven risk management.
Highlights
First-ever data-driven insurtech platform focused on proactive risk avoidance using AI and machine learning
Real-time analytics and predictive modeling for dynamic pricing, personalized underwriting, and fraud reduction
Seamless API integration enabling advanced data fusion and continuous risk monitoring for insurers and asset owners
AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
This contract has two pricing dimensions that work together. The first gives you full platform access, covering the three main products: SafeGuard, ClaimSense, and Rapid. This access is priced per unit and includes up to 20 users. The second dimension is a per-user add-on that applies once you exceed 20 users. It bills monthly for each additional user beyond that threshold. Your total cost scales with your team size: you start with base platform access, then add per-user charges as your user count grows past 20.
Top-of-mind questions for buyers
What counts as one user for the per-user charge above 20 users?
A user is an individual person granted access to the platform. This includes staff such as property managers, security personnel, and maintenance workers who input data, generate reports, or use the tools. Each person beyond 20 adds one monthly charge.
Does the per-user charge apply to all users or only those beyond 20?
The per-user monthly charge applies only to each user beyond 20. Your first 20 users are covered by the full platform access dimension. Once you add a 21st user, that additional person triggers the monthly per-user cost, and each further user adds the same charge.
What products are included when I buy full platform access?
Full platform access covers the three main products: SafeGuard for proactive risk monitoring, ClaimSense for automating claims processing, and RapidRate for AI-driven premium calculation. You get all three under this single access dimension, covering risk detection, claims resolution, and dynamic rating.
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