Descartes Underwriting has announced the launch of a parametric insurance product to protect utility-scale solar farms against tornado damage. According to a press release, the coverage uses satellite data and analytics to insure transition-sector investments against physical damage, business interruption …
Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as the first insurance of its kind offered anywhere in the world, …
Descartes Underwriting, the Paris-based parametric insurtech, has formed a partnership with Reask, the tropical-cyclone modeling firm. The partnership aims to expand the availability and advancement of parametric cyclone insurance products by combining Descartes’ ability to incorporate new technology into parametric …
Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round. Growth equity firm Highland Europe is leading the capital-raise alongside international investment company Eurazeo, with participation of existing investors …
