Descartes Underwriting
Founded Year
2019Stage
Series B - II | AliveTotal Raised
$141.78MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+42 points in the past 30 days
About Descartes Underwriting
Descartes Underwriting provides parametric insurance for climate, cyber, and emerging risks within the insurance industry. The company develops event-driven coverage that pays out based on predefined parameters and utilizes a method to model and assess risks. It serves corporate and public sector clients across industries, including agriculture, construction, and financial institutions. The company was founded in 2019 and is based in Paris, France.
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Descartes Underwriting's Product Videos
ESPs containing Descartes Underwriting
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The parametric insurance platforms market consists of insurtechs that offer platforms to insurers and intermediaries to build parametric insurance products. Policyholders of parametric coverage are paid a set amount based on the occurrence of a specific event — characterized by index-backed objective parameters, such as levels of rainfall or wildfire impact. Parametric products often focus on risk…
Descartes Underwriting named as Leader among 8 other companies, including Arbol, Floodbase, and CelsiusPro.
Descartes Underwriting's Products & Differentiators
Natural Catastrophes
Parametric insurance against a full range Nat Cat and climate risks, including cyclone, earthquake, flood, wildfire, and more.
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Research containing Descartes Underwriting
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Descartes Underwriting in 3 CB Insights research briefs, most recently on Oct 23, 2025.
Oct 23, 2025 report
Fintech 100: The most promising fintech startups of 2025
Oct 23, 2025 report
Book of Scouting Reports: 2025’s Fintech 100
Oct 16, 2025 report
Insurtech 50: The most promising insurtech startups of 2025Expert Collections containing Descartes Underwriting
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Descartes Underwriting is included in 6 Expert Collections, including Real Estate Tech.
Real Estate Tech
2,494 items
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Insurtech
4,636 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
14,203 items
Excludes US-based companies
Insurtech 50
100 items
Report: https://app.cbinsights.com/research/report/top-insurtech-startups-2022/
Insurtech 50 2025
50 items
Do not share
Fintech 100
100 items
Descartes Underwriting Patents
Descartes Underwriting has filed 1 patent.
The 3 most popular patent topics include:
- network protocols
- operations research
- sensors
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/22/2021 | 8/15/2023 | Sensors, Wireless sensor network, Virtual private networks, Operations research, Network protocols | Grant |
Application Date | 3/22/2021 |
|---|---|
Grant Date | 8/15/2023 |
Title | |
Related Topics | Sensors, Wireless sensor network, Virtual private networks, Operations research, Network protocols |
Status | Grant |
Latest Descartes Underwriting News
Oct 29, 2025
Reinsurance News Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has joined the International Cooperative and Mutual Insurance Federation (ICMIF) as a Supporting Member of the global network. The firm states that it is “proud to work together with values-led insurers from across the globe to develop flexible, efficient solutions in the face of climate change.” The ICMIF believes that re/insurance must be reinvented to meet the rising climate challenge, as the gap between insured losses and actual damage increases each year. In 2024, global natural disasters caused estimated economic losses of $368 billion, but nearly two-thirds of this loss was uninsured. Descartes’ “unparalleled technological and climate expertise” aims to offer a solution to this, as the firm has the industry’s largest climate risk modelling team. This team continuously develops and refines proprietary algorithms that deploy physics and artificial intelligence to incorporate the effects of climate change and emerging technological exposures into the modelling of complex climate risks, to provide insurance companies with parametric reinsurance protection. Sébastien Piguet, Co-founder and Chief Insurance Officer, Descartes, commented, “We are excited to join the ICMIF. We collaborate daily with brokers and insurers around the world to create effective, economic coverage backed by science and technology. ICMIF is an extraordinary platform to extend our reach to organisations that share our vision of this new way forward.” Liz Green, Chief Executive Officer, ICMIF, added, “We are delighted to welcome Descartes as a new Supporting Member of the Federation. Mutual and cooperative insurers, with their unwavering focus on positive outcomes for insureds, are open to innovative solutions that deliver for their members. Descartes’ take on insurance and their expertise in reinsurance will undoubtedly benefit ICMIF members through purposeful conversation and added value.” Share this:
Descartes Underwriting Frequently Asked Questions (FAQ)
When was Descartes Underwriting founded?
Descartes Underwriting was founded in 2019.
Where is Descartes Underwriting's headquarters?
Descartes Underwriting's headquarters is located at 148 rue de Courcelles, Paris.
What is Descartes Underwriting's latest funding round?
Descartes Underwriting's latest funding round is Series B - II.
How much did Descartes Underwriting raise?
Descartes Underwriting raised a total of $141.78M.
Who are the investors of Descartes Underwriting?
Investors of Descartes Underwriting include Battery Ventures, Leading European Tech Scaleups, BlackFin Capital Partners, Cathay Innovation, Serena Capital and 10 more.
Who are Descartes Underwriting's competitors?
Competitors of Descartes Underwriting include Demex and 2 more.
What products does Descartes Underwriting offer?
Descartes Underwriting's products include Natural Catastrophes and 2 more.
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Compare Descartes Underwriting to Competitors
Arbol is a FinTech company that focuses on climate risk management through parametric insurance solutions. The company offers a platform that provides insurance coverage based on data triggers, using artificial intelligence for underwriting and blockchain technology for operational efficiency. Arbol serves sectors such as agriculture, energy, and travel, providing insurance and derivatives solutions to address climate-related risks. It was founded in 2018 and is based in New York, New York.
Skyline Partners specializes in providing custom-crafted, data-driven insurance products for various sectors. The company offers services such as data sourcing, policy design, calculation services, underwriting management, and claims notification and management, focusing on transforming data streams into transparent, reactive protection. Skyline Partners primarily serves re/insurers, brokers, underwriting and distribution agents, affinity partners, and government agencies. It was founded in 2017 and is based in London, United Kingdom.
Demex focuses on non-catastrophic weather risk management within the insurance sector. The company offers solutions such as retained climate risk reinsurance and operational climate risk coverage, which use customer data to quantify and transfer unique financial risks for insurers and corporations. Demex primarily serves the insurance industry by providing supplementary reinsurance programs and budget stability for businesses affected by volatile weather. It was founded in 2020 and is based in Washington, District of Columbia.
Extraordinary RE specializes in the trading of insurance liabilities within the insurance and reinsurance industry. The company offers a platform that allows the transfer of different risk classes to capital markets investors, using technology to create tradeable contracts for insurance liabilities. This service provides capital market participants with returns and helps reinsurers manage risk. It was founded in 2012 and is based in San Clemente, California. Extraordinary RE ceased operations.
Delos provides property insurance focusing on climate-affected regions, using technology and knowledge of wildfire behavior and climate risk. The company offers homeowner policies based on AI-driven risk models and climate risk assessments, allowing them to provide coverage in areas with high wildfire exposure where traditional insurers withdraw. Delos serves the insurance industry while addressing the challenges posed by climate change. It was founded in 2017 and is based in San Francisco, California.
AIR Worldwide specializes in catastrophe modeling and risk assessment within the insurance and risk management sectors. The company offers a suite of software solutions and consulting services designed to help clients understand and manage the risks associated with natural disasters, climate change, and other extreme events. AIR Worldwide primarily serves insurers, reinsurers, financial institutions, and government entities seeking to mitigate and manage risks. It was founded in 1987 and is based in Boston, Massachusetts.
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