Descartes Underwriting Secures $120M Series B to Fuel Climate-Resilient Insurance Innovation

Descartes Underwriting is thrilled to announce a remarkable funding milestone, having raised $120 million in its latest investment round. Founded in 2019 with a bold vision to address the insurability of risks amplified by climate change, Descartes has distinguished itself as a global corporate insurance leader. Working exclusively with brokers, the company is dedicated to safeguarding corporate and public sector clients against climate, cyber, and other emerging risks. This infusion of capital will accelerate Descartes’ mission to help communities and businesses build resilience in an increasingly uncertain world. At the core of Descartes Underwriting’s innovative approach is its unparalleled team of over 150 scientists, including experts in meteorology, climatology, physics, data science, software engineering, DevOps, modeling, and underwriting. Their combined expertise fosters the development of transparent and tailored risk management solutions, often delivered through cutting-edge parametric structures. Leveraging advanced AI and data analysis techniques, Descartes collaborates with world-class research institutions to model, assess, and manage complex risks. With a global footprint that spans 18 offices across Europe, Asia, Oceania, and North America, and serving clients in more than 60 countries, the company has already made significant strides by delivering over $10 billion in capacity via corporate brokers. The newly raised funds will be strategically deployed to enhance technological capabilities, expand product offerings, and further solidify Descartes Underwriting’s position as a leader in dynamic risk management and insurance innovation. As the company continues to thrive in a rapidly evolving risk landscape, its commitment to excellence and resilience remains steadfast, positioning Descartes Underwriting at the forefront of transforming how companies manage emerging challenges.