The recent surge in cloud outage incidents and the growing need for dedicated insurance coverage have driven Menora Mivtachim to collaborate with global cyber insurance leader Parametrix to develop an innovative, first-of-its-kind insurance product in Israel — and one of the few worldwide — specifically designed to protect companies from cloud service failures. Attorney Omer Kraft, Head of Special Risks and Chief Underwriter at Menora Mivtachim, stated: “Cloud outages have become more frequent in recent years, exposing companies to significant risks that demand effective protection and tailored insurance coverage.” The rapid shift of businesses and organizations to cloud-based environments…