Ep. 180: The Future of Cyber Insurance and Parametric Risk

Cyber risk is evolving faster than the policies written to cover it. Rick Wong, Head of Insurance at Parametrix Insurance, sits down with James Benham live at RIMS 2026 to talk about the future of parametric cyber — and why the standard tech E&O form wasn't designed for the exposures that actually matter today. Parametrix is a Lloyd's coverholder writing parametric cyber, SLA, and enterprise risk. Named Cyber Underwriting Team of the Year at the Intelligent Insurer Awards, Q1 2026 already at 60% of full-year 2025 volume. In this episode:→ Why standard cyber policies fail data centers→ How parametric products are being used as financial tools — not just risk transfer→ AI-powered criminal organizations, nation-state actors, and what's coming in cyber threats→ Building a differentiated MGA in a space with growing capacity and real opportunity Guest: Rick Wong - Head of Insurance at Parametrix InsuranceWebsite: https://www.parametrixinsurance.com/LinkedIn: https://www.linkedin.com/in/rick-b-wong/ Host: James Benham - Founder & CEO at JBKnowledge Sponsor: Terra - Cloud-native Workers' Comp and P&C platform | terra.insure