Descartes Underwriting

Parametric specialist Descartes Underwriting and Generali Global Corporate & Commercial (GC&C), the business of Generali Group that provides solutions and services to medium-large companies, have renewed their strategic partnership that sees the two firms develop parametric insurance solutions to actively respond to the evolving global risk landscape.

Given that both the intensity and frequency of severe convective storm (SCS) events continue to steadily rise, Descartes Underwriting has indicated that the use of highly-responsive parametric solutions can help address aggregated SCS exposure.

Descartes Underwriting, the parametric risk transfer specialist, and OAK Global, the specialist Lloyd’s underwriting company, has announced Descartes’ approval as a Coverholder at Lloyd’s, which will see the firm underwrite parametric policies through OAK Global’s Syndicate 2843, bringing new risks to the London market.

Descartes Underwriting, a specialist underwriter of parametric risk transfer opportunities, has partnered with Nextpower to launch an integrated parametric insurance solution that uses site-level wind data from Nextpower meteorological stations to protect solar power plant operators against the economic impact of straight-line wind (SLW) events.

Willis, a business of insurance and reinsurance broker WTW, has launched a new sensor-based parametric insurance solution designed to protect UK racecourses against localised flooding.

Descartes Underwriting, a specialist underwriter of parametric risk transfer opportunities, has unveiled a new parametric product suite for data centres, providing flexible capacity of up to $140 million per policy against natural perils that threaten timely completion of construction, commissioning, and ongoing service delivery.

Descartes Underwriting, the parametric risk transfer specialist, has adopted mea Platform’s artificial intelligence (AI) products to enhance automation and data orchestration across its underwriting processes.

Descartes Underwriting, a specialist underwriter of parametric risk transfer opportunities, has joined the International Cooperative and Mutual Insurance Federation (ICMIF) as a Supporting Member to help tackle climate risk.

Vaisala, a global company that specialises in measurement instruments and intelligence for climate action, has appointed Lukas Schönach from Descartes Underwriting as European Commercial Lead for Weather Risk Management.

Parametric specialist Descartes Underwriting has announced the hiring of insurance market veteran Sébastien Bardy to the newly created position of Chief Financial Officer, who joins the organisation from German insurer Allianz.