Descartes Underwriting Closes on $18.5M To Scale Corporate Insurance Tools

Insurtech company Descartes Underwriting secured $18.5 million in a Series A round of funding, which it will use to leverage technology and data science to create new insurance models. The Paris-based startup, founded in 2019, specializes in climate risk modeling and data-driven risk transfer, and works with corporate brokers to design and underwrite innovative, bespoke and affordable insurance.