PARIS, July 10, 2025. Descartes Insurance, the risk-carrying subsidiary of Descartes, world leader in parametric insurance solutions for climate, cyber, and emerging risks, has expanded its offer to corporate clients and public institutions to include Credit and Political Risk Insurance (CPRI).
To support its expansion into this new class of business, Descartes has hired Hélène Martin, former Head of Single Risk, Credit & Political Risk – France at Coface. She joins Benjamin Lambert, Descartes’ Senior CPRI Underwriting Manager, who joined Descartes in September 2024. The pair has more than 25 years’ experience in credit risk.
Distributed through brokers, the new offering protects policyholders against political risks impacting foreign investments and counterparty credit risks. It covers individual transactions for their entire duration under a single contract. The first such policies have already been issued to clients in France.
This strategic initiative is a major diversification for Descartes Insurance, which also underwrites and carries parametric weather risk, alternative risk transfer solutions, and a diverse range of conventional insurance products including cyber risk insurance for clients in the European Economic Area.
Descartes Insurance CEO Kevin Dedieu said: “This product combines our underwriters’ proven expertise with Descartes’ own data, and with new, technology-centered approaches to risk management. Given the growing impact of political and credit risks in our changing world, it provides timely support for brokers and their corporate clients, complementing the recent launch of our cyber and technical risk insurance offering, and our parametric products. It strengthens our position as a leading player in commercial insurance."
Benjamin Lambert said: “Descartes’ ability to offer tailor-made solutions underpins our credit and political risk range. We benefit from synergies and complementarities with our climate expertise. I look forward to continuing to work with our broker partners to grow Descartes’ credit risk portfolio."
