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Sectors
Insurance
Location
France
Stage
Seed
Date
Feb. 2019
Status
Active

Parametric insurance

Descartes is an MGA that leverages many new sources of data to build new insurance products covering large risks such as flooding, wildfires, droughts and other large-scale events that can adversely effect the course of business for companies worldwide. The contract provides for an automated claims payout workflow, thus reducing insurers' claims handling costs.