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A new generation of  parametric insurance that builds resilience against climate risk.

Descartes collaborates with brokers across the world to protect their corporate clients and governments against natural catastrophes, weather, and emerging risks, through a unique data-driven approach.

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Parametric Insurancedesigned for climate risks

Descartes was born out of the conviction that climate change calls for a revolutionary approach in insurance to better protect corporations and governments.

We offer a new generation of parametric insurance products: fully transparent, providing swift claims payment, bespoke & more affordable than traditional covers.

Utilizing Machine Learning and real-time monitoring from satellite imagery & IoT, our state-of-the-art technology helps businesses bounce back faster against natural catastrophes and emerging risks.

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Discoverour products

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Naturalcatastrophes

Transparent and affordable coverage against: cyclone, flooding, earthquake, hail, wildfire & bushfire, tsunami, tornado, and more
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Agriculture& Forestry

Parametric insurance policies customized for exposure against: yield, drought, excess rain, frost, crop production, hail, forestry storm damage, wildfire, smoke taint, and more
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Energy

Flexible solutions for renewables including lack or excess of rainfall, wind, or solar radiation; as well as conventional sources, including energy demand fluctuations due to mild winter, and more
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Otherindustries

Parametric insurance that also covers: supply chain or non-damage business interruption, adverse weather construction delays, low or high river level transportation impacts, heatwave, & more

Our Technology

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Parametric Insurance

Unlike traditional insurance, which relies on lengthy loss adjustment procedures, parametric insurance pays out when a predefined event (i.e. flood, cyclone, earthquake, etc.) occurs as measured by a specified parameter or index. This new generation of products complements or replaces traditional insurance at a more affordable premium that fits within contracting budgets, not on-top. With no on-the-ground loss adjustment required, a parametric cover keeps cost low while offering precise protection.

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Our technology

Descartes’ innovative edge stems from our ability to handle massive new data sources and apply proprietary algorithms that extract value for our clients. We utilize machine learning and advanced algorithms to unlock valuable underwriting insights from a wide range of sources, including IoT, satellite imagery, stationary sensors, radar and third party data. Not limited to looking backwards at claims history, we model the underlying phenomenon directly, capturing trends and potential climate change impacts to better protect corporate and public sector clients.
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Interested in learning more?

Get in touch with our business development team today

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Globalclient base

Founded by veteran insurers and data scientists, we offer our parametric insurance solutions at a global scale. 

We underwrite and innovate against all natural catastrophic perils, across all trade sectors, in over 60 countries around the world. Our policies are written on A-rated securities and we partner with best-in-class (re)insurers. Thanks to our valuable partnerships, we have the ability to deploy up to $200M in capacity per contract. 

As we collaborate with more brokers to help them bring the value proposition of parametrics to their client base, our in-force portfolio is rapidly expanding. More than 150 corporate and public sector clients have already chosen Descartes to protect themselves against climate risks, many of whom are Fortune 500. Consider joining them for a smarter insurance program and more resilient future.

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See our latest news

2021-08-02

Asia-Pacific Expansion

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Deal Spotlight

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Parametric Flood Insurance

Parametric Flood Insurance