Skip to content
← Tools / Skills
ToolDescartes Underwriting/10 trustVerified

Descartes Underwriting

Parametric re/insurance for climate and emerging risks

Visit official site →

About

Descartes Underwriting is a corporate parametric re/insurance specialist covering natural catastrophes and emerging risks — floods, earthquakes, cyclones, hurricanes, hail, wildfires. Its in-house climate-risk modelling team builds proprietary algorithms combining physics and AI over IoT, satellite, radar and third-party data, and policies pay out on predefined triggers instead of lengthy loss adjustment.

Strengths: one of the industry's largest climate modelling teams; operates in 60+ countries with up to $200M capacity per contract (third-party directory figure); renewed its Generali parametric partnership in September 2026; adopted the mea platform's AI for underwriting automation. Honest limits: broker and corporate channel only; the ~30% growth and $500M premium targets are company-reported.

What it can do

  • Parametric climate cover
  • AI and physics-based risk models
  • Multi-peril nat-cat products
  • Automatic trigger payouts
  • Satellite and IoT data ingestion

Setup

  1. Work through a broker to approach Descartes.
  2. Define perils, triggers and coverage needs.
  3. Descartes models the risk with its climate data stack.
  4. Agree on parametric triggers and capacity.
  5. Policies pay automatically when triggers are met.

Prerequisites

Corporate or public-sector client via a broker; defined parametric triggers.

Use cases

Parametric climate insuranceCorporate nat-cat coverageGovernment disaster protectionEmerging risk transfer

Works with

Any agent (.md)

Trust score — 7/10

/10 trustVerified

Scored 7/10 (verified tier, metrics-v1). Evidence: Parametric re/insurance for climate risks in 60+ countries; physics-plus-AI modelling team.; Generali partnership renewed September 2026; adopted mea AI platform. Growth figures are company-reported.. License: Proprietary insurance products written on A-rated securities..

How the trust score is built

Full methodology →
Adoption · stars/downloads, log-scaled vs peers
7.0/10
Maintenance · recency, releases, issue load
8.0/10
Openness · license + docs
4.0/10
Manual review · sanity read + red-flag check
7.0/10
  • · Parametric re/insurance for climate risks in 60+ countries; physics-plus-AI modelling team.
  • · Generali partnership renewed September 2026; adopted mea AI platform. Growth figures are company-reported.

Sources

Every fact above was checked against these sources. Where a claim comes from the provider and couldn't be independently verified, the text says so.