Insurtech Descartes Partners With Modeling Firm Reask to Expand Parametric Cover

Descartes Underwriting, the Paris-based parametric insurtech, has formed a partnership with Reask, the tropical-cyclone modeling firm. The partnership aims to expand the availability and advancement of parametric cyclone insurance products by combining Descartes’ ability to incorporate new technology into parametric insurance product design with wind data provided by Sydney-headquartered insurtech Reask.