Paris based insurtech company raised $18.5m in a Series A funding led by Serena and Cathay Innovation.
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Descartes Underwriting raises $18.5m in Series A funding to scale insurance tools
“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.”
