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Descartes & Reask partner to expand parametric cyclone covers

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is partnering with Reask, a climate analytics and data company that uses machine learning techniques.

The partnership is focusing on tropical cyclone risk transfer, with the pair hoping to “push the frontier of parametric windstorm insurance through advanced machine learning models.”

The goal is to expand Descartes underwriting footprint for writing tropical cyclone, hurricane and typhoon covers around the world, using Reask’s advanced modelling and analytics.


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