Company profile
The Demex Group
Covering financial risks caused by extreme weather volatility.
- Industry
- Insurance
- Employees
- 28
- Headquarters
- New York City, New York
- Founded
- 2020
- LinkedIn followers
- 1,633
- Office locations
- 6
The Demex Group company summary
The Demex Group is a company in the Insurance industry, headquartered in New York City, New York, founded in 2020. On LinkedIn the company has around 28 employees and 1,633 followers. The company lists 6 office locations. Its listed specialties include Risk Management, Finance, Climate Resilience, Parametric Insurance, Climate-Linked Insurance.
What technology does The Demex Group use?
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About The Demex Group
Demex is a technology-enabled services company that enables insurance companies to mitigate the economic impacts of climate change. Growing losses from severe weather are making the business model for insurance companies unsustainable. Over the past decade, losses from such events as severe convective storms (SCS), hailstorms, derechos, winter storms, and drought have vastly outpaced damages from traditional catastrophes such as hurricanes, wildfires, and earthquakes. Demex is pioneering a vital transformation in severe weather reinsurance to enable insurers to survive these risks. Our product, Retained Climate Risk Reinsurance (RCR Re), is a groundbreaking reinsurance offering that enables insurance companies to transfer climate risk by modeling, structuring, and settling the accumulation of small- and medium-sized insurance claims that are caused by severe weather. This product is powered by cutting edge technology, sophisticated modeling techniques, and extensive weather risk datasets to perform predictive modeling and risk analysis at scale. Demex launched RCR Re in 2023 and had a breakout year, transacting over $60M in climate risk and building a strong coalition of marketplace partners. Demex’s reinsurance solution for secondary perils won the ‘Insurtech Product of the Year’ at the 2024 Insurance Insider Honors and ‘Innovation in Parametrics (Weather and NatCat - Private Sector)' at the global Parametric Insurer Awards 2024.
Specialties
Where is The Demex Group located?
The Demex Group lists 6 office locations.
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Frequently asked questions about The Demex Group
What does The Demex Group do?
Demex is a technology-enabled services company that enables insurance companies to mitigate the economic impacts of climate change. Growing losses from severe weather are making the business model for insurance companies unsustainable. Over the past decade, losses from such events as severe convective storms (SCS), hailstorms, derechos, winter storms, and drought have vastly outpaced damages from traditional catastrophes such as hurricanes, wildfires, and earthquakes. Demex is pioneering a vital transformation in severe weather reinsurance to enable insurers to survive these risks. Our product, Retained Climate Risk Reinsurance (RCR Re), is a groundbreaking reinsurance offering that enables insurance companies to transfer climate risk by modeling, structuring, and settling the accumulation of small- and medium-sized insurance claims that are caused by severe weather. This product is powered by cutting edge technology, sophisticated modeling techniques, and extensive weather risk datasets to perform predictive modeling and risk analysis at scale. Demex launched RCR Re in 2023 and had a breakout year, transacting over $60M in climate risk and building a strong coalition of marketplace partners. Demex’s reinsurance solution for secondary perils won the ‘Insurtech Product of the Year’ at the 2024 Insurance Insider Honors and ‘Innovation in Parametrics (Weather and NatCat - Private Sector)' at the global Parametric Insurer Awards 2024.
How many employees does The Demex Group have?
The Demex Group has around 28 employees on LinkedIn.
Where is The Demex Group headquartered?
The Demex Group is headquartered in New York City, New York.
Where does The Demex Group have offices?
The Demex Group lists 6 office locations, including New York City, New York, US; Boston, Massachusetts, US; Chicago, Illinois, US; New York, NY, US; Oakland, California, US.
When was The Demex Group founded?
The Demex Group was founded in 2020.
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