# InRisk Labs

> Parametric insurance technology for climate and disaster risk financing

## At a glance

| Field | Value |
| --- | --- |
| Category | Specialty Solutions |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Ahmedabad, India |
| Founded | 2024 |
| Stage | Startup |
| Employees | 1-10 |
| Funding | Seed |

## Overview

InRisk Labs is a parametric insurance technology platform serving insurers, government programs, and development agencies in India and South Asia. The platform offers more than 15 index-triggered insurance products spanning agriculture, energy, and business sectors, with payouts settling automatically when independently verifiable climate or weather indices cross defined thresholds.

Products are built on AI-driven pricing models, blockchain smart contracts, and geospatial monitoring that draws from institutional data sources including India's IMD, NASA, and ESA. The engine incorporates global climate drivers such as ENSO and the Indian Ocean Dipole to price and monitor risk at the village-to-national scale. Partners access coverage configurations through an API that supports customized product offerings across crop damage, livestock mortality, wind energy output, business revenue loss, and other climate-sensitive exposures.

Founded in 2024 and headquartered in Ahmedabad, InRisk Labs secured seed funding from Bessemer Venture Partners in January 2025. The company has partnered with SBI General Insurance on India's Disaster Risk Transfer and Protection Scheme and counts approximately 10 employees as of April 2026.

## Products & services

### Parametric Agricultural Insurance

Index-triggered products covering crop damage, livestock mortality, agri-input price volatility, and market volatility. Payouts are calculated from soil moisture, rainfall, and temperature indices measured at the village to national level.

**Key features:**

- Index thresholds based on IMD and satellite climate data
- Village\-level geospatial resolution
- Automated settlement via blockchain smart contracts

*Target users:* Agricultural insurers, government programs, development finance institutions

### Parametric Energy Insurance

Performance-based coverage for solar and wind energy installations, plus energy demand risk. Real-time monitoring tracks output parameters against policy thresholds.

**Key features:**

- Solar productivity and wind energy output monitoring
- Energy demand variance coverage
- Index triggers from institutional climate datasets

*Target users:* Renewable energy operators, energy insurers

### Business and Infrastructure Parametric Insurance

Coverage for climate-related business interruption across revenue loss, wages, logistics, travel, tourism, loan, structural damage, and port operations.

**Key features:**

- Rapid claims notification upon index breach
- Configurable coverage for multiple business\-interruption exposures
- Partner API for program customization

*Target users:* Commercial carriers, MGAs, risk intermediaries

## Category & focus

- Subcategories: Parametric Insurance, Climate Risk Insurance, Agricultural Insurance
- Insurance verticals: P&C Commercial, Specialty/E&S
- Target customers: Carriers, MGAs/MGUs, Reinsurers

## Notable customers

- SBI General Insurance \-\- Disaster Risk Transfer and Protection Scheme \(DRTPS\)

## Links

- Website: <https://inrisklabs.com>
- Directory profile: <https://insurtechlist.com/companies/inrisk-labs/>
- Linkedin: <https://in.linkedin.com/company/inrisk-labs>

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*Last updated: 2026\-07\-20*