Introducing Descartes Insurance
Descartes Underwriting , the MGA focused on climate risk insurance products, has launched Descartes Insurance, a ‘full stack’ insurer licensed to underwrite risk by the French Regulator (ACPR).
Descartes Insurance is backed by a panel of A-rated risk carriers, and is now able to issue policies directly to mid-market clients in France, with plans to expand to other countries in the European Economic Area (EEA) over the course of 2023.
Globally, for corporate clients and their existing portfolio, Descartes Underwriting will continue to operate as a Managing General Agent in full continuation with their valued partners.
“This is a huge step forward for Descartes but it also marks the evolution of the insurance sector and the way we protect customers. We seek to represent the next generation of risk transfer markets backed by industry leaders. By combining innovative insurance structures, powerful technology, and our own risk capital, we protect clients against the full spectrum of climate and emerging risks with unparalleled efficiency.” – Descartes Underwriting CEO Tanguy Touffut.