Trusted By Insurance Brokers Worldwide
capacity already deployed with the help of corporate insurance brokers
broker firms work with us
broker satisfaction score* vs. +25 B2B insurance average
of our brokers say that Descartes is a leader in risk modeling*
* NPS survey conducted by an independent agency
No Matter the Industry, We've Got You Covered
From climate and cyber risks to credit and technical risks, Descartes delivers tech-driven insurance solutions tailored to your clients’ needs.
Why Brokers are Choosing Us
We work hand-in-hand with brokers worldwide, from risk modeling to underwriting support, to help win tenders, secure renewals, and solve complex client needs.
Cost-Efficient Coverage To Fit Any Budget
Advanced modeling and climate expertise ensure accurate pricing, stable premiums, and flexible coverage that is made to fit any budget, even in high-risk areas.
Turn Simplicity Into a Sales Advantage
Brokers using Descartes' data-based risk analysis and our ability to underwrite tailored coverage stand out from the crowd.
Strengthen Retention with Reliable Payouts
Clients stay loyal to brokers who deliver when it matters. Our parametric payouts are fast, automatic, and based on objective data: no claims disputes, no lengthy investigations.
Close Gaps with Our Parametric Solutions
Flexible, custom-built parametric products empower brokers to meet any coverage need, whether it’s deductible buydowns, additional limits, or protection against specific financial losses.
Stronger Together: Enhancing Traditional Insurance with Parametric Innovation
We offer diverse risk transfer solutions including parametric insurance. Use it alongside conventional covers to reduce cost, expand protection, and accelerate payouts.
Filling Coverage Gaps
Easing the Burden of High Deductibles
Introducing New Ways of Cost-Efficiency
Protecting Against Hidden Business Interruptions
The challenge:
Traditional policy limits do not always keep pace with today’s rising risks–traditional insurers often cap their exposure to hard-to-insure risks with sublimits.
Our solution:
Top-Up Cover - add excess insurance layers on top of standard coverage.
The Outcome:
Greater protection where it’s needed most, especially in high-risk areas.
The challenge:
High deductibles leave a costly gap before traditional policies respond.
Our solution:
Deductible Buy-Down - fill the gaps of the first layers of coverage to minimize the financial risk.
The Outcome:
Faster access to funds and better support for vulnerable assets.
The challenge:
Traditional placements can become disproportionately expensive when natural catastrophe perils drive a large share of the premium, especially in high-risk or capacity-constrained regions.
Our solution:
Carve-Out Cover - transfer specific perils to standalone policies with parametric triggers to optimize placements cost-efficiently.
The Outcome:
More affordable premiums and faster, trigger-based payouts for insured risks.
The challenge:
Weather-related disruptions don’t just cause physical damage, they also hurt the client’s bottom line, whereby traditional policies rarely fully cover contingency risks and non-damage business interruptions (NDBI).
Our solution:
NDBI Wrap-Around - offers protection against revenue losses due to property damages, business interruption and any other financial risk tied to measurable weather events.
The Outcome:
A broader, more resilient safety net for your business.
No Matter the Market Cycle: Better Protect Your Clients with Parametrics
In a softening or volatile market, parametric insurance helps brokers stand out, retain clients, and deliver measurable value.
Reinvest Savings
Help clients reinvest traditional premium savings into enhanced protection
Secure Growth
Secure long-term relationships through meaningful deals
Leverage Innovation
Expand your value proposition with cutting-edge coverage
Highlight Parametric Virtues
Fast payouts, no need for on-the-ground loss adjusters, and full transparency
Source of Capacity & Stability
Especially vital in markets with limited capacity
Support for Loss-Hit Accounts
Cover risks traditional players avoid
Flexible Structuring
Customizable thresholds, triggers, and limits
Strong Renewal Ratios
Consistent satisfaction keeps clients returning
case study example
Claim Example: Fast Liquidity After Hurricane Melissa
When Hurricane Melissa impacted Jamaica in 2025, a Descartes parametric policy provided a large regional business with rapid post-event liquidity.
How The Policy Works
Structure
- Location: Jamaica
- Client: Large regional business
- Trigger: 1-minute sustained wind speed + distance to asset
- Cover: Parametric cyclone protection
Outcome
- $5M payout
- Paid in 22 days
- Supported recovery and reopening efforts
Why it matters: after a major storm, businesses often need cash before traditional claims are settled, and parametric insurance helps bridge that gap with fast, transparent payouts that support emergency response and mobilization, temporary repairs and site stabilization, and short-term cash flow needs.
Hear It From Them
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“The underwriting team is very good to deal with. Upfront, honest and thoughtful. They also articulate the process required for them to provide the best and optimal terms for our clients.”
Australia
Account Manager at a leading insurance broker
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“Very helpful with established perils and willing to consider novel solutions. Good communication and service time.”
United Kingdom
Parametric Lead at a large reinsurance broker
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”The absence of the need for expert appraisal and the speed of parametric payment made the difference compared to traditional."Caribbean
Risk Manager of a major Spanish hotel chain
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“Good service and always able to support.”
United States
Vice President at a Tier 1 reinsurance broker
Frequently Asked Questions
How do I start offering Descartes parametric products?
Reach out to our commercial team. We’ll onboard you and provide tailored sales enablement materials.
What information do I need to get a quote from Descartes?
To receive a quote, you’ll need to provide:
- Location - Address, GPS coordinates, or shapefiles of the area(s) to be insured.
- Peril(s) - The specific natural hazard(s) and desired risk period.
- Sum Insured – The amount you wish to insure per location and in total.
If available, please also provide:
- Past Loss Events - Any previous natural catastrophe losses related to the peril(s).
- Additional Info - Relevant documents like engineering or seismic reports (if applicable).
Can parametric work alongside existing covers?
Absolutely. Our solutions are designed to complement traditional policies and plug gaps.
How is the payout triggered?
By pre-defined, objective data (e.g., satellite, weather station, seismic index) when thresholds are met.
What kind of clients benefit most?
Clients in high-risk or previously uninsurable zones, in which capacity is strained, or those wanting simplicity and speed in claim payments.
What industries can benefit from Descartes’ parametric covers?
All types of industries with financial exposure to natural perils.
How do you reduce basis risk?
By combining careful trigger design, high-quality data selection, and precise payout calibration. Our teams work closely with brokers to ensure the structure reflects the client’s exposure as closely as possible. With over 200 specialists dedicated to parametric insurance, Descartes brings deep expertise to both minimize basis risk and ensure full transparency on how the cover operates.
Is parametric insurance expensive?
Not when you look at the full picture.
Parametric insurance is designed to fit your budget. Our underwriters and R&D team work with each client to structure coverage across dozens of options, adjusting triggers, payout layers, and thresholds to match what you actually need and what you can afford.
Pricing is risk-based, not market-based. Because we use historical event data rather than market cycles to set premiums, your pricing stays stable and predictable year over year. No surprise renewals, no volatility. Just a reliable number you can plan around.
There are also no hidden costs. No deductibles buried in the fine print, no coverage carve-outs discovered at claims time. What is agreed upfront is what gets paid.
And when a claim is triggered, it pays fast. After Hurricane Melissa hit Jamaica in 2025, one of our clients received a $5 million payout in 22 days, with no adjusters, no disputes, and no delays. That liquidity funded emergency response, temporary repairs, and cash flow needs at exactly the moment they arose. That kind of liquidity is worth far more than a cheaper policy that takes 18 months to settle.
When you factor in speed, transparency, stability, and the absence of hidden friction, parametric insurance is not just competitive. For many risks, it is the smarter buy.
Contact Us
Whether you're quoting a complex risk, looking to break into new markets, or just curious about parametric insurance, our team is here to help you win. Reach out and we will get back to you within 48 hours.
