Company: Descartes Underwriting
Founder: Tanguy Touffut
Website: https://descartesunderwriting.com/
About Descartes Underwriting
Descartes was born out of the conviction that climate change calls for a revolutionary approach in insurance to better protect corporations and governments. We offer a new generation of parametric insurance products: fully transparent, providing swift claims payment, bespoke & more affordable than traditional covers. Utilizing Machine Learning and real-time monitoring from satellite imagery & IoT, our state-of-the-art technology helps businesses bounce back faster against natural catastrophes and emerging risks.
Discover our products:
- Natural Catastrophes: Transparent and affordable nat cat insurance against: cyclone, flood, earthquake, hail, wildfire & bushfire, tsunami, hurricane, and more.
- Agriculture & Forestry: Parametric insurance policies customised for exposure against: yield, drought, excess rain, frost, crop production, hail, forestry storm damage, wildfire, smoke taint, and more
- Energy: Flexible solutions for renewables including lack or excess of rainfall, wind, or solar radiation; as well as conventional sources, including energy demand fluctuations due to mild winter, and more
- Other Industries: Parametric insurance that also covers: supply chain or non-damage business interruption, adverse weather construction delays, low or high river level transportation impacts, heatwaves, & more
Founded by veteran insurers and data scientists, we offer our parametric insurance solutions at a global scale in over 60 countries around the world. We underwrite and innovate against natural catastrophes across all trade sectors to provide insurance against floods, earthquakes, cyclones, hurricanes, hail, and wildfires, etc.
Our policies are written on A-rated securities and we partner with best-in-class (re)insurers. Thanks to our valuable partnerships, we have the ability to deploy up to $200M in capacity per contract.
As we collaborate with more brokers to help them bring the value proposition of parametric to their client base, our in-force portfolio is rapidly expanding. More than 150 corporate and public sector clients have already chosen Descartes to protect themselves against climate risks, many of whom are Fortune 500. Consider joining them for a smarter insurance program and more resilient future.
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