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NAT CAT Archives — Descartes https://descartesunderwriting.com/ Descartes Underwriting offers a new generation of parametric insurance against climate risk. Tue, 30 Apr 2024 11:45:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 https://descartesunderwriting.com/wp-content/uploads/2021/12/cropped-Descartes_logo-icon_RVB-DARK-150x150.png NAT CAT Archives — Descartes https://descartesunderwriting.com/ 32 32 Insider Engage: Parametric Insurance, Beyond Supplementing Traditional Cover https://descartesunderwriting.com/insider-engage-parametric-insurance-beyond-supplementing-traditional-cover/ Mon, 06 Jun 2022 10:06:48 +0000 https://descartesunderwriting.com/?p=110156 The post Insider Engage: Parametric Insurance, Beyond Supplementing Traditional Cover appeared first on Descartes.

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]]> Intelligent Insurer Panel: Why Natural Catastrophe Models Are Still Missing Climate Change https://descartesunderwriting.com/intelligent-insurer-panel-why-natural-catastrophe-models-are-still-missing-climate-change/ Fri, 22 Apr 2022 13:32:59 +0000 https://descartesunderwriting.com/?p=109873 The post Intelligent Insurer Panel: Why Natural Catastrophe Models Are Still Missing Climate Change appeared first on Descartes.

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]]> Descartes supports African Risk Capacity Group’s $10.7 million payout to the Government of Madagascar https://descartesunderwriting.com/descartes-supports-african-risk-capacity-groups-10-7-million-payout-to-the-government-of-madagascar/ Mon, 04 Apr 2022 19:43:41 +0000 https://descartesunderwriting.com/?p=109547 The post Descartes supports African Risk Capacity Group’s $10.7 million payout to the Government of Madagascar appeared first on Descartes.

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]]> The Voice of Insurance podcast: How Parametric Will Fix Commercial Insurance https://descartesunderwriting.com/the-voice-of-insurance-podcast-how-parametric-will-fix-commercial-insurance/ Tue, 15 Mar 2022 14:13:41 +0000 https://descartesunderwriting.com/?p=109861 The post The Voice of Insurance podcast: How Parametric Will Fix Commercial Insurance appeared first on Descartes.

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]]> Descartes at Planete CSCA’s Le Tour des Régions https://descartesunderwriting.com/descartes-at-planete-cscas-le-tour-des-regions/ Fri, 11 Mar 2022 15:35:06 +0000 https://descartesunderwriting.com/?p=109878 The post Descartes at Planete CSCA’s Le Tour des Régions appeared first on Descartes.

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]]> 40 nuances de Next – Les Champions de la French Tech https://descartesunderwriting.com/40-nuances-de-next-les-champions-de-la-french-tech/ Thu, 10 Mar 2022 15:47:21 +0000 https://descartesunderwriting.com/?p=109883 The post 40 nuances de Next – Les Champions de la French Tech appeared first on Descartes.

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]]> Descartes’ Member Spotlight Interview with InsTech London https://descartesunderwriting.com/descartes-member-spotlight-interview-with-instech-london/ Tue, 01 Mar 2022 14:24:58 +0000 https://descartesunderwriting.com/?p=109867 The post Descartes’ Member Spotlight Interview with InsTech London appeared first on Descartes.

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]]> Descartes Underwriting partners with Reask to push the frontier of parametric windstorm insurance through advanced machine learning models https://descartesunderwriting.com/descartes-partners-with-reask-to-push-the-frontier-of-parametric-windstorm-insurance-through-advanced-machine-learning-models/ Wed, 23 Feb 2022 10:33:59 +0000 https://descartesunderwriting.com/?p=109395 The collaboration will propel the expansion of parametric cyclone insurance into new locations – bringing enhanced resilience, swift claims payment, and customized coverage to more corporate and public sector clients worldwide It combines Descartes’ understanding and ability to incorporate new technology into parametric insurance product design with wind data from Reask, a leading windstorm risk […]

The post Descartes Underwriting partners with Reask to push the frontier of parametric windstorm insurance through advanced machine learning models appeared first on Descartes.

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  • The collaboration will propel the expansion of parametric cyclone insurance into new locations – bringing enhanced resilience, swift claims payment, and customized coverage to more corporate and public sector clients worldwide
  • It combines Descartes’ understanding and ability to incorporate new technology into parametric insurance product design with wind data from Reask, a leading windstorm risk analytics firm

    • The post Descartes Underwriting partners with Reask to push the frontier of parametric windstorm insurance through advanced machine learning models appeared first on Descartes.

    ]]>         Descartes Underwriting partners with Global Earthquake Model (GEM) Foundation https://descartesunderwriting.com/descartes-underwriting-enters-joint-partnership-with-gem/ Thu, 18 Nov 2021 07:19:03 +0000 https://descartesunderwriting.com/?p=109116 GEM and Descartes Underwriting announce partnership aiming to revolutionize parametric approach to earthquake risk   ● By strengthening both organizations’ understanding of earthquake risk, the collaboration seeks to benefit the global earthquake risk management community while supporting fair and transparent parametric insurance structures ● Descartes’ experience from different specialized markets and expertise from its scientific […]

    The post Descartes Underwriting partners with Global Earthquake Model (GEM) Foundation appeared first on Descartes.

    ]]>     GEM and Descartes Underwriting announce partnership aiming to revolutionize parametric approach to earthquake risk

     

    ● By strengthening both organizations’ understanding of earthquake risk, the collaboration seeks to benefit the global earthquake risk management community while supporting fair and transparent parametric insurance structures
    ● Descartes’ experience from different specialized markets and expertise from its scientific team will aid model improvement and advance earthquake risk assessment at global, regional, and local levels

    The post Descartes Underwriting partners with Global Earthquake Model (GEM) Foundation appeared first on Descartes.

    ]]>         Descartes expands in the United Kingdom & Ireland https://descartesunderwriting.com/descartes-london-office-launch/ Mon, 01 Nov 2021 05:08:08 +0000 https://descartesunderwriting.com/?p=109072 Descartes Underwriting opens an office in London to expand our parametric insurance coverage within both British and Irish domestic markets, as well as the London International Market.   Paul Jones joins us as the Business Development Director – U.K. & Ireland and will oversee the domestic U.K. and Irish markets. He brings close to 20 […]

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    ]]>     Descartes Underwriting opens an office in London to expand our parametric insurance coverage within both British and Irish domestic markets, as well as the London International Market.

     

    Paul Jones joins us as the Business Development Director – U.K. & Ireland and will oversee the domestic U.K. and Irish markets. He brings close to 20 years’ experience in underwriting, client management and alternative risk transfer, most recently at AXA XL. Alessandro Girelli transitions from Descartes’ Paris office to serve as Underwriting Manager, overseeing the London International Market. He brings extensive underwriting and data science experience, having played a pivotal role in establishing Descartes’ bespoke statistical and machine learning models for risk analysis. Together, Paul and Alessandro will manage the build-out of Descartes’ operations in the region.

    “With heavy rainfall events in July 2021 leading to hospital closures and massive infrastructure disruptions, recurrent droughts and greater anomalies in temperatures putting pressure on the energy sector, weather and climate risks have put the U.K. and Ireland insurance markets on watch. In light of hardening market conditions, brokers have been doing their best to restructure complex placements. This has been challenged by the gap in underwriting appetite and capacity versus client need – which has proven almost impossible to fill at sustainable conditions without incorporating alternative solutions. Descartes is delighted to collaborate with brokers to meet these evolving client needs with our pragmatic approach and parametric solutions.” Paul Jones, Business Development Director – U.K. & Ireland, states in reference to the launch. 

    “A succession of record breaking extreme weather events in all corners of the globe this year serves to highlight the expanded exposure of all trade sectors to climate risks” adds Alessandro Girelli, Underwriting Manager – London International Market.

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