Descartes embraces AI for parametric offering

Corporate parametric insurance solutions company Descartes Underwriting has adopted mea Platform’s AI products to enhance automation and data orchestration across its underwriting processes.

According to the company the implementation expands Descartes’ use of AI to deliver faster, more cost-efficient underwriting decisions—matching the speed and precision of its claims settlement processes, a hallmark advantage of parametric insurance.

Founded in 2019, Descartes’ business has been expanding rapidly, with the company reporting annual growth of around 30 percent and a target of $500 million in premium over the medium term. The company’s adoption of mea reflects its commitment to scale efficiently as demand for parametric coverage continues to grow worldwide, it said.

“Tech and data are at the heart of our DNA. Our parametric solutions enable faster claims, greater transparency, and more affordable protection for brokers and their clients. We see mea as an accelerator for our mission to make insurance more responsive, allowing us to focus on innovation and stronger client relationships,” said Kevin Dedieu, co-founder and chief scientific officer at Descartes Underwriting.

mea Platform uses proprietary domain-specific language models (dsLM) and agentic AI workflows to power AI across all aspects of insurance operations—from document ingestion to claims to finance. mea is designed for rapid, non-invasive deployment, delivering fast, measurable impact.

Insurance-specific AI is uniquely positioned to address the challenges of parametric underwriting, where precision, speed, and data reliability determine product performance—and responsiveness is a proof point in company growth, the company said.

“Descartes represents a new generation of insurance companies that are both data-native and outcome-driven. Their focus on clarity, speed, and trust aligns directly with what mea delivers: AI that understands insurance and operates seamlessly to simplify complex and costly (re)insurance operations,” said Max Richter, EMEA chief executive at mea Platform.

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