“With traditional insurance, when a corporation has a claim you can wait more than 18 months to get a payout. It is usually unclear and you have to hire a lawyer to assess, with the claim adjusters, the final amount to be paid,” Descartes co-founder and CEO Tanguy Touffut told Crunchbase News. “Parametric insurance is a solution for that.”

https://news.crunchbase.com/news/descartes-underwriting/?utm_content=intro&utm_term=content&mkt_tok=eyJpIjoiTUdNeVl6azJNMlE0WVRaaCIsInQiOiI3NmlBMStiR3VORnI2S1hwQnd5RUZvTGh2OVAwU1dhU3FrMkNQVzVsNFdrcno3ZWlSN2VDNWthcFhkdm95S1wvZkZyc3NNQnpncXhka1dXNk1pdGIyTnYySGoyNTNpZHBDaWpUdVRNV1FCNmFmU2NuQ0QxZ3JLT0R1dTlDM3NTQW4ifQ%3d%3d