The Demex Group, a risk analytics and intelligence company that facilitates innovative stop-loss reinsurance protection, has raised $10.25 million through a Series A and previously closed SAFE funding round, led by Congruent Ventures and included Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital.

Demex is an independent data and analytics company that partners with reinsurance brokers, insurers, and reinsurers to solve the rising challenge of frequent property losses from secondary perils. Demex models loss accumulation based on weather and claims data, informed by climate research, and provides parametric stop-loss solutions that meet the needs of insurers and reinsurers. Demex is a market-maker for a class of risk that is surpassing catastrophe losses - a cluster of losses from secondary perils that threatens not only insurers' annual earnings but also the sustainability of their businesses.