Demex is a technology-enabled services company that partners with reinsurance brokers, insurers, and reinsurers to solve the rising challenge of frequent property losses from secondary weather perils. Demex models loss accumulation based on weather and claims data, informed by climate research, and provides earnings protection solutions that meet the needs of insurers and reinsurers. Demex has reopened the reinsurance market for attritional weather risk - a class of risk that is larger than all the catastrophe losses worldwide that threatens the sustainability of the insurance industry. 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.