A new generation of insurance that builds resilience against climate, cyber, and emerging risks

Descartes collaborates with brokers across the world to protect their corporate clients & governments against climate, cyber, and other emerging risks, through a unique data-driven approach.

OUR PURPOSE
Descartes was born out of the conviction that climate change calls for a revolutionary approach in insurance to better protect corporations and governments. Catastrophe and man-made disasters are increasing year on year under demographic pressure & climate change. At Descartes, we seek to help clients become more resilient, not just insure them. Resilience is greater than just protection; we aim to meet the evolving needs in our complex world by giving clients the ability and strength to quickly bounce back – empowering them to cope with climate change.

HOW WE WORK
Traditional insurance products are often not transparent, expensive, and with a slow claims process. At the forefront of AI for risk modeling, we challenge the status quo. We apply new technologies such as image recognition or machine learning combined with new generations of data sources, coming from satellites or IoT, to assess and manage risks. This makes our products fairer, since all pricing and underwriting is based on advanced data, faster and more accurate at paying claims. Our approach is parametric - clients know exactly which event triggers what payment.

WHO WE ARE
Descartes Underwriting is a MGA working only with brokers. We underwrite insurance policies on behalf of a selected number of first-tier insurers, reinsurers, and Insurance-Linked Securities funds. We have the capacity to underwrite $75 million per deal (up to $200M) and thanks to our partners, our span is global, with a special focus on serving U.S. business. Founded in the heart of Paris’ business district in 2018, we are proud to be a forward-looking, multicultural team of over 200 employees. We are backed by international risk carriers and financed with $141.5 million by BlackFin, Serena, Cathay, Highland Europe and Eurazeo.