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    Parametriks - AI Risk Management

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    Sold by: PARAMETRIKS 
    Parametriks uses AI and real-time data to help insurers and asset owners reduce risk, optimize pricing, and improve claims processing with predictive analytics.

    Overview

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    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

    Details

    Delivery method

    Deployed on AWS
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    Multi-product solutions

    Features and programs

    Financing for AWS Marketplace purchases

    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.
    Financing for AWS Marketplace purchases

    Pricing

    Parametriks - AI Risk Management

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    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.

    1-month contract (1)

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    Dimension
    Description
    Cost/month
    Full platform access
    This subscription includes the access to the three main products of Parametriks (SafeGuard, ClaimSense, Rapid).
    $10,000.00

    Vendor refund policy

    Please contact us at hello@parametriks.io .

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    Legal

    Vendor terms and conditions

    Upon subscribing to this product, you must acknowledge and agree to the terms and conditions outlined in the vendor's End User License Agreement (EULA) .

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    Usage information

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    Delivery details

    Software as a Service (SaaS)

    SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.

    Support

    Vendor support

    For support with Parametriks AI Risk Management, please contact us at hello@parametriks.io  or visit https://parametriks.io/contact .

    Support is available during business hours.

    Buyers can expect help via email or through our website for general inquiries, troubleshooting, and product guidance.

    AWS infrastructure support

    AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.

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