Descartes Underwriting

Descartes Underwriting is a global leader in corporate parametric insurance, leveraging cutting-edge AI, satellite data, and climate science to protect corporations and governments against natural catastrophes, extreme weather events, and emerging risks such as cyber. Founded in 2018 by Tanguy Touffut, Sebastien Piguet, and Kevin Dedieu, the company addresses the growing insurance protection gap created by climate change and the retreat of traditional insurers from high-risk regions.

Operating as both a Managing General Agent backed by A-rated insurers and through its licensed full-stack insurer subsidiary (Descartes Insurance) in the European Economic Area, the company designs parametric products where payouts are fast, automatic, and based on objective data rather than traditional loss adjustment. Descartes has deployed over $13 billion in capacity through corporate brokers and serves more than 600 corporate and public entity clients across over 60 countries.

The company has raised over $160 million in funding and operates from 20+ offices across 10 countries on four continents. With a team of 240+ employees including 150+ risk modeling and science experts, Descartes is at the forefront of the parametric insurance revolution, using 80+ data sources including NASA, NOAA, ECMWF satellite imagery, and IoT sensors to build precise risk models.