Series B · Fintech · Paris, France · Founded 2018 · 200–500 employees
Descartes Underwriting is a pioneering insurtech company that specializes in parametric insurance for climate, cyber, and emerging risks. They leverage machine learning, satellite imagery, and IoT data to provide data-driven risk transfer solutions that pay out based on predefined triggers rather than traditional loss assessment. The company raised a significant $120 million Series B round in January 2022 and has grown to serve over 400 corporate clients including Fortune 500 companies. They operate globally with 18 offices across North America, Europe, Australia, Singapore, and Japan, positioning themselves as leaders in climate tech-driven insurance.