Demonstrating its appetite to deliver parametric insurance and data-driven risk transfer solutions beyond natural catastrophe, weather and climate risks, specialist Descartes Underwriting has launched its first parametric cyber offering.
The company said today that it intends to build on its successful parametric offerings, which have been naturally focused on catastrophe related risks, to offer solutions for other hard to insure and emerging areas of risk.
The first of these is cyber attacks, with the launch of a parametric cyber solution in France, targeted at small and medium-sized businesses, especially in the manufacturing and retail sectors.
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