At Descartes, we are fully dedicated to creating climate and emerging risks' insurance solutions: fully transparent, customized to clients’ needs and providing swift claims payment thanks to parametric technology.
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.
Descartes Underwriting was born out of the conviction that climate change calls for a revolutionary approach in insurance. While natural catastrophes and extreme weather events are drastically increasing in terms of severity and frequency, traditional insurance players struggle to provide sufficient protection - some are even forced to withdraw from highly exposed regions due to massive climate-related losses.
Technological disruptions offer unprecedented opportunities to bridge the gap: Descartes leverages Artificial Intelligence (machine learning, computer vision) and innovative sources of data from real-time monitoring (satellite imagery, IoT) to model underlying phenomena and unlock risk insights. Our data-driven approach enables us to identify trends and to measure their impacts on clients’ assets, hence pushing the boundaries of insurability further.
Beyond climate risks, we now apply our technological expertise to emerging risks: we continuously work to answer the evolving needs of our clients.
With a team of over 200 employees, Descartes has an international, diverse and multidisciplinary team, growing rapidly across our global offices.
FoundersBusiness Development team
capacity per parametric policy. Up to $200M in some cases
natural perils covered across all continents
employees
global offices across 9 countries
corporate & public entity clients
