“Climate change and emerging exposures are changing the risk landscape,” Bollaert mentioned. “From Melbourne to Miami, the bodily and monetary implications of intensifying pure perils are on the rise, underscoring the necessity for a revolutionary shift in how we, as an business, perceive threat and supply insurance coverage options.
“I am delighted to be joining the great team at Descartes Underwriting,” he mentioned. “First, as a result of I absolutely share its ambition to grow to be a serious world participant in company resilience to local weather change. Secondly, because of the strategy and assets dedicated to serving this ambition. The clever exploitation of information would be the solely method to mobilize market capital within the face of more and more complicated threat.
“And above all, given the talent comprising the team, which is so versatile and brilliant, and whose youth and fierce desire to serve the cause of climate transition reassure me about our future. I look forward to continuing in close collaboration with Descartes’ global network of brokers to jointly provide their clients with bespoke solutions that build resilience and a smooth transition through an expanded product line against climate risk.”
The firm has additionally introduced the promotion of Violaine Raybaud to chief working officer.
“We are proud of the strong foundations we’ve built and the fast growth delivered by our outstanding global team,” she mentioned. “Welcoming Louis marks a major milestone in our continued momentum towards building future successes with our broker partners. As COO, I look forward to steering the team to further infuse technology and Descartes’ client-first approach within our financial and operations divisions.”
“The climate is changing and new risks are emerging, while high inflation could put insurance renewals at risk,” mentioned Descartes co-founder and COO Tanguy Touffut. “Yet the insurance industry is neither structured nor prepared to meet the evolving challenges clients face. This is where Descartes’ parametric products can play a role in corporate insurance programs and support a better dialogue between risk managers, brokers and carriers. We are happy to welcome Louis to the team to continue to fuel our product pipeline and close collaboration with brokers as they navigate a challenging market environment and their clients’ climate exposures.”