# Descartes Underwriting: Insurance, Paris, France

> Descartes Underwriting: Descartes Underwriting is a global InsurTech company based in Paris, founded in 2019. Based in Paris, France. Founded 2019.

Source: https://millionrounds.com/startup/descartes-underwriting (Millionrounds; every figure on the page links to its filing or article)

France · [Insurance startup](https://millionrounds.com/companies)

# Descartes Underwriting

Descartes Underwriting is a global InsurTech company based in Paris, founded in 2019.

Funding reported Last round: Series B

Insurance Paris, France

Company summary

- **Founded:** 2019 7 years old
- **Team:** 250 201 to 1,000 people
- **Funding reported:** 140.8M as listed, currency not stated
- **Last round:** Series B Jan 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Descartes Underwriting has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Descartes Underwriting

Descartes Underwriting is a global InsurTech company based in Paris, founded in 2019.

It specializes in parametric insurance, which offers protection against climate risks, natural catastrophes, extreme weather events, and emerging risks like cyber threats. The company operates as a Managing General Agency (MGA) and works exclusively through brokers to serve large corporations and public sector clients. Descartes Underwriting is backed by top-tier risk carriers and has its own licensed full-stack insurer, Descartes Insurance, operating in France and key EEA countries since 2022. The company focuses on data-driven, technology-based insurance solutions that provide fast and transparent payouts based on predefined triggers. Key offerings include parametric natural catastrophe insurance, extreme weather insurance, and cyber risk coverage, tailored for various industries such as agriculture, construction, finance, and energy. With a workforce of approximately 250–500 people and 18 offices across six continents, Descartes Underwriting aims to enhance resilience against climate and emerging risks globally.

## What company datasets say Descartes Underwriting raised

Funding, as reported

Reported in all **140.8M** in the source's currency

Rounds **4**

Last round **Series B**

Last round date **Jan 2022**

Investors listed **8**

## Founders and team

From Descartes Underwriting's own website: 2 on the team.

- **United States** Vice President at a Tier 1 reinsurance broker
- **United Kingdom** Parametric Lead at a large reinsurance broker

## The company, in detail

What they build

Known for

data science insurtech parametric catastrophes natcat information technology & services insurance computer vision remote sensing technologies insurance linked securities weather risk nonlife insurance artificial intelligence climate risks datadriven managing general agency

Built with from their website

IoT Docker Adobe Google Tag Manager Tableau dbt HREF Lang WebOffice OVHcloud Google Cloud

+8 more

Apache YouTube GitHub Google Workspace Viewport Meta LinkedIn Ads IBM ILOG CPLEX Optimization Studio scikit-learn

- **Sector:** Insurance
- **Industry code:** NAICS 524130, 524210, SIC 6331, 6411
- **Region:** Ile-de-France
- **Revenue:** 75.5M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/descartes-underwriting)

## Insurance in France

Startups like it

- [**Alan** Paris · founded 2016 *Raised*](https://millionrounds.com/company/alan)
- [**Dalma.** Paris · founded 2021 *Raised*](https://millionrounds.com/company/dalma)
- [**Santévet** Lyon · founded 2003](https://millionrounds.com/startup/sant-vet)
- [**+Simple France** Marseille · founded 2015](https://millionrounds.com/startup/simple-france)
- [**Stoïk** Paris · founded 2021](https://millionrounds.com/startup/sto-k-2)
- [**Seyna** Paris · founded 2019](https://millionrounds.com/startup/seyna)
- [**NEAT Protect** Bordeaux · founded 2022](https://millionrounds.com/startup/neat-protect)
- [**Filiassur** Paris · founded 2007](https://millionrounds.com/startup/filiassur)

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