InRisk Labs
Category: AI in Climate / Energy
AI-driven parametric insurance and climate-risk analytics platform that also operates EarthRe, a licensed reinsurance subsidiary in GIFT City. InRisk Labs was founded in 2024. The company is led by Siddesh Ramasubramanian. Based in Ahmedabad / GIFT City, India. Team size: 101-500. Total funding raised: $27.0M. Latest round: Series A. Key investors include Bessemer Venture Partners, Northpoint Capital.
- Founded
- 2024
- Headquarters
- Ahmedabad / GIFT City, India
- Team size
- 101-500
- Total funding
- $27.0M
Value proposition
Combines climate/geospatial data science with AI-driven pricing and real-time claims monitoring to deliver fast, transparent parametric insurance and reinsurance products for climate, agriculture, and catastrophe risk.
Products and solutions
Parametric insurance products across Crop, Livestock, Market Volatility, Agri Input, Solar/Wind Energy, Business Interruption, Loan Insurance, Structural Damage, Infrastructure and Travel risk, EarthRe (licensed non-life reinsurance subsidiary) covering NatCat, climate, property, crop, marine and specialty lines, API-based on-demand pricing engine and real-time claims monitoring dashboard.
Unique value
AI-driven dynamic pricing models plus geospatial/climate data (IMD, NASA, ESA) enabling instant, bias-free, real-time parametric payouts and product customization at village/pincode-level granularity in India, expanding to global reinsurance via EarthRe.
Target customer
Governments, multilateral development agencies, (re)insurers, and insurance intermediaries across climate, agriculture, and energy sectors.
Industries served
AI in Climate / Energy, AI in Fintech (Insurance/Reinsurance)
Technology advantage
AI-based dynamic pricing engine trained on institutional-grade climate/geospatial data at hyper-local granularity, combined with blockchain-based smart contracts for automated claims triggers, and licensed reinsurance capacity (EarthRe) giving vertically integrated risk-bearing plus tech stack.
How they differentiate
Vertically integrated model spanning technology/AI risk analytics (InRisk Labs) and licensed risk-bearing capacity (EarthRe subsidiary), unlike pure tech-only parametric insurtech peers; hyper-local geospatial modeling down to village/pincode level in India.
Main competitors
EigenRisk, IBISA, Mitti Labs
Key partnerships
Partnerships with leading insurers and reinsurers for underwriting capacity, data collaborations with IMD, NASA, ESA and global research institutes, EarthRe holds a reinsurer licence in GIFT City.
Major milestones
2024: Founded in Ahmedabad, Seed round led by Bessemer Venture Partners, EarthRe subsidiary launched and obtained a reinsurer licence in GIFT City, Aug 2026: Raised $27M Series A co-led by Bessemer and Northpoint Capital to scale EarthRe and AI risk platform.
Market positioning
AI-led parametric insurance and reinsurance platform positioned to scale from India-focused climate risk products to a global integrated reinsurance group.
Geographic focus
India-focused with global reinsurance ambitions via EarthRe (GIFT City licensed entity).
About Siddesh Ramasubramanian
Ex-Chief Risk Officer & Chief Actuary, Agricultural Insurance Company of India (AIC).
Latest news about InRisk Labs
More AI in Climate / Energy companies
Official website: https://inrisklabs.com/