Descartes Parametric Technology Platform

Cloud-native platform that ingests multi-source climate data — satellite imagery (optical, thermal infrared, SAR), IoT sensors, weather radar and 80+ third-party data partners — and applies proprietary AI, computer vision, diffusion models and stochastic analysis to quantify peril likelihood and loss severity. Outputs drive real-time event monitoring, automated trigger validation and rapid claim settlement for 35+ parametric insurance products covering 20+ weather, nat-cat and cyber risks including flood, wildfire, hurricane, earthquake, tornado and extreme heat. Incubated by ESA BIC Nord France with deep roots in space-derived Earth observation data.