Paris based corporate insurance technology company that addresses climate and emerging risks raised $120m in Series B funding led by Highland Europe.
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Descartes Underwriting raises $120m in Series B funding
“The corporate insurance market is undergoing a momentous shift driven by a changing climate, the growing impact of natural catastrophes, and a rise in emerging risks,” explained co-founder and CEO Tanguy Touffut. “Our aim is to be the global leader in delivering truly revolutionary solutions to brokers, corporations, and public entities for these evolving exposures. With the support of our partners, we will continue to develop and deploy a new generation of insurance products that are entirely tech-driven, simpler, more transparent and quicker to pay in the event of a loss – adapted for the new risks corporations and governments increasingly face”.
