Demex is a technology-enabled Managing General Agent (MGA) that specializes in risk management solutions for non-catastrophic extreme weather events. Founded in 2020, Demex offers innovative products like Retained Climate Risk Reinsurance (RCR) and Operational Climate Risk Coverage (OCR) to help insurers and corporates manage financial risks associated with increasingly frequent weather events. By leveraging customer data and proprietary technology, Demex provides tailored solutions that minimize underwriting losses and stabilize budgets for businesses affected by extreme weather. The company has established a strong market position by addressing a critical gap in traditional insurance offerings, focusing on high-frequency weather risks that have escalated significantly in recent years.
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