Climate Tech, Fintech & Insurtech

Descartes Underwriting

Through technology, Descartes Underwriting empowers businesses to build resilience in the face of climate change

Descartes is a global leader in corporate insurance against climate, cyber and emerging risks. It offers a new generation of parametric insurance, using a unique tech and data-driven approach to develop a deep understanding of risks and better protect corporate & public sector clients.

Founded in 2019 by seasoned insurers and intrapreneurs, Descartes Underwriting is structured as an Underwriting Agent, underwriting risks on behalf of tier-one (re)insurers and Insurance-Linked Securities funds. The team works with brokers and offers parametric insurance and innovative insurance policies to protect companies and governments against natural catastrophes and emerging risks.

With a global footprint and strong US presence, Descartes serves 400+ corporates from a variety of industries, operating through 17 offices across North & Latin America, Europe and Asia-Pacific.

Descartes is driven by the conviction that new technologies can deeply change the insurance sector, deliver superior customer value and bring to life the promise of smoother and faster claims management along with new solutions for emerging risks.

The company has been financed with over $141M by renowned investors, including Serena.

The Insurtech has notably been awarded in 2024 World’s Top 150 Insurtech companies in Underwriting & risk analysis category by CNBC, Parametric MGA of the Year by Parametric Insurer, MGA of the Year by the MGAA Awards, and Top 100 promising Scalup by VivaTech.

Descartes is based nearby the Arc de Triomphe, in Paris.

What we say

Xavier Lorphelin

Xavier Lorphelin

Descartes Underwriting has the rare potential to offer a good, transparent alternative to a multi-billion dollar industry as well as to provide emerging countries and global industry leaders with options to face global climate change with more resilience. We are really proud to back such an amazingly talented team.