Parametric insurance for the Retail Industry

Enhance your risk management strategy with innovative parametric insurance solutions for retailers, providing protection against the full exposure of natural disaster risks, including property damage, business interruption, and profit margin.

For retail companies, climate and natural risks pose a multitude of financial challenges regarding potential harm to physical assets such as stores and warehouses, as well as intangible disruptions such as decreased customer traffic due to weather, supply chain interruptions, or delivery constraints. While some retailers may receive compensation for physical damage resulting from a weather event, those dealing with higher business interruption losses or non-physical contingent losses - like colder summers resulting in reduced sales for summer products - often face a substantial protection gap.

Descartes' parametric insurance solutions provide a comprehensive hedge against property damage, as well as non-damage business interruption and reduced consumer footfall.

We provide multi-location, tailored coverage designed to mitigate risks posed by natural perils like earthquakes, tropical cyclones, wildfires, extreme temperatures, and flooding. In meeting the unique needs of the retail industry, our team of global insurance experts is able to issue policies worldwide, and even for captives. Either in a stand-alone or as a complement to an existing insurance program, Descartes faciliates the seamless expansion of insurance coverage for retailers operating across hundreds of locations. 

Descartes’ flexible insurance policies safeguard retailer’s financial stability, profit margin, and operational continuity in the face of weather risks. 

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