Descartes Underwriting

Descartes Underwriting is an insurance tech company specializing in climate risk modeling and transfer.

Descartes Underwriting is on a mission to reinvent the entire non-life insurance sector.

Descartes Underwriting was founded in 2018 by Tanguy Touffut and Kevin Dedieu. The company is headquartered in Paris, France.

 

Descartes is specifically helping corporate customers mitigate their exposure to climate-related and emerging risks through a number of parametric insurance products.

 

Descartes is leveraging new data sources and fusing them with a host of AI algorithms to provide what they refer to as a “product offering which covers the full spectrum of natural catastrophes and emerging risk exposures.”

 

Descartes offer fully tailored insurance solutions to provide adequate insurances in a rapidly changing environment, both physically and on the markets. The company serves over 200 corporate clients, many in the Fortune 500.

 

Descartes is backed by Highland Europe, Eurazeo, BlackFin Capital Partners, Serena, Cathay Innovation, and others. The company raised $120M in Series B round on Jan 31, 2022. This brings Descartes' total funding to $140.8M to date.

 

 

  • Year founded: 2018
  • Funding Info: $140.8M over 3 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Paris
  • State: Île-de-France
  • Country: France
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