Descartes Insurance expands into credit and political risk

Descartes Insurance has announced that it will now offer corporate clients and public institutions credit and political risk insurance. This builds on its core parametric insurance solutions for climate, cyber, and emerging risks. To support the move, Descartes Insurance has recruited Hélène Martin, who was formerly head of single risk, credit and political risk – France at Coface. The carrier is a subsidiary of Descartes and was launched in 2022.

Kevin Dedieu, CEO of Descartes Insurance, said: “This product combines our underwriters’ proven expertise with Descartes’ own data, and with new, technology-centred approaches to risk management. Given the growing impact of political and credit risks in our changing world, it provides timely support for brokers and their corporate clients, complementing the recent launch of our cyber and technical risk insurance offering, and our parametric products. It strengthens our position as a leading player in commercial insurance."

In September 2024, the insurer recruited Benjamin Lambert as senior CPRI underwriting manager.

He added: “Descartes’ ability to offer tailor-made solutions underpins our credit and political risk range. We benefit from synergies and complementarities with our climate expertise.”


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