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AboutDescartes Underwriting

Founded by a team of insurance veterans and climate scientists, Descartes Underwriting operates at a global scale, offering data-driven parametric insurance against climate risk. The challenge of climate change calls for a revolutionary approach to insurance. At Descartes, we are fully dedicated to creating a new generation of parametric solutions: fully transparent, customized to the client’s needs and providing swift claims payment. Descartes’ innovative edge stems from our ability to integrate new data sources, including IoT, satellite imagery, stationary sensors, radar and third party data, and apply proprietary algorithms to unlock risk insights.
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About Descartes Underwriting
About Descartes Underwriting

Our Founding Story

Descartes Underwriting was born of the conviction that new technologies can deeply transform the insurance industry, reducing friction and restoring trust in the market. We saw a gap between the traditional insurance approach and the risk exposure needs of corporations and governments against extreme weather and climate change. Our parametric approach is built from objective data which drives transparency, from quote to quick payout if a risk event occurs. We address the full spectrum of climate risks, at a more affordable premium. 

Our global offices

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Europe

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North America

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Singapore

(licensing in progress)

Climate risks covered & key figures

Descartes is proud to be the largest parametric specialized firm globally. We offer parametric coverage for all natural catastrophic perils, across all trade sectors, & all geographies. Structured as a Managing General Agent, we write on A-rated paper supported by best-in-class (re)insurers.

150+
corporate & public sector clients
500+
partner brokers & account managers around the world
60+
countries covered
$200M
in available capacity per contract

Discoverour products

About Descartes Underwriting
01

Naturalcatastrophes

Transparent and affordable coverage against: cyclone, flooding, earthquake, hail, wildfire & bushfire, tsunami, tornado, and more
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02

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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03

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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04

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 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

Asia-Pacific Expansion
02.08.2021

Asia-Pacific Expansion

Descartes Underwriting is opening 2 offices in Asia-Pacific this month to expand our parametric coverage to markets throughout the region.

Deal Spotlight

The rising intensity of natural catastrophes across the globe is increasing pressure on corporate insurance program prices & capacities. In…

Renewable Energy

The power of Parametric Insurance to secure clean energy infrastructure

 

As the energy & renewables markets rapidly…

Industry Recognitions

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2018 FinTech for Tomorrow Award (Finance for Tomorrow)

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InsurTech of the Year 2019 (Finance Innovation)

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Trophées de l’Assurance Product Innovation 2020

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‘2020 Pitch Your Start-up Award’

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Interested in learning more?

Get in touch with our business development team today

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