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3 February 2025Insurance

Generali and Descartes launch parametric ILS fund

Generali Global Corporate & Commercial (GC&C), the insurance provider for mid-to-large companies, and parametric insurance solutions provider Descartes Underwriting have launched a joint parametric insurance linked securities (ILS) fund.

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31 January 2025   Plans to increase cash growth to €11 billion by 2027.
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23 January 2025   Claims product is next generation parametric insurance.
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17 January 2025   Descartes will offer up to $70m per policy, covering tangible and intangible losses.