The Demex Group
Insurance • 
Manhattan, New York, United States • 21-50 Employees
Company overview
| Headquarters | Manhattan, New York, United States |
| Websites | |
| NAICS | 52 |
| Keywords | Risk Management, Finance, Parametric Insurance, Climate Resilience, Climate-Linked Insurance |
| Founded | 2020 |
| Employees | 21-50 |
| Socials |
Key Contacts at The Demex Group
John Qiang Fcas
Managing Director
Hank Hattemer
Director
Denise Schmitz
Director Of Applied Data Science
Ken Konecki
Chief Technology Officer
Andrew Janke
Director, Quantitative Systems
Sean Parker
Director, Product Management
The Demex Group Email Formats
The Demex Group uses 2 email formats. The most common is {first initial}.{last name} (e.g., j.doe@thedemexgroup.com), used 70% of the time.
| Format | Example | Percentage |
|---|---|---|
{first initial}.{last name} | j.doe@thedemexgroup.com | 70% |
{first name}.{last name} | john.doe@thedemexgroup.com | 30% |
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.
The Demex Group revenue & valuation
| Annual revenue | $2,500,000 |
| Revenue per employee | $100,000 |
| Estimated valuation?This valuation is estimated based on industry average for the Insurance industry and current estimated revenues | $8,000,000 |
| Total funding | $15,300,000 |
Employees by Management Level
Total employees: 21-50
Seniority
Employees
Employees by Department
The Demex Group has 15 employees across 7 departments.
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Funding Data
Explore The Demex Group's funding history, including investment rounds, total capital raised, and key backers.
The Demex Group Tech Stack
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Miscellaneous
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