WRMS

Parametric insurance and climate risk management platform for insurers and reinsurers in emerging markets

Specialty Solutions Established Bootstrapped

Overview

WRMS Global is a parametric insurance and climate risk management solutions provider serving carriers, reinsurers, and brokers across more than 30 countries. Founded in 2004 and headquartered in Gurugram, India, the company builds technology platforms and analytical tools that help insurance organizations manage agricultural, weather, and supply chain risk, with particular focus on emerging markets in Asia-Pacific and Latin America.

The company's flagship product, SecuRisk, is a parametric insurance platform for designing and administering parametric policies with automated trigger-based payouts. SecuRisk is complemented by SecuSense, a climate intelligence platform for weather risk monitoring, and SecuTrak, which extends risk data to supply chain and logistics tracking. The platforms are supported by an in-house IoT sensor network of 15,000+ nodes and a specialized team that includes meteorologists, actuaries, agronomists, remote sensing experts, and data scientists.

WRMS manages over USD 5 billion in parametric insurance portfolios and has delivered coverage to more than 10 million beneficiaries. The company serves a mix of insurance carriers (ICICI, HDFC Ergo), development finance institutions (IFC, GIZ), and agribusiness companies (UPL, PepsiCo). WRMS expanded into Latin America in 2024 and was named Best InsurTech Company at India Insurtech 2024.

Products & Services

SecuRisk

SecuRisk is a parametric insurance platform for insurance carriers, reinsurers, and brokers. It enables the design, pricing, and administration of parametric policies with trigger-based payouts tied to predefined climate or weather events -- such as rainfall deficits or temperature anomalies -- removing the need for traditional loss assessment.

Key Features

Customizable parametric trigger configuration
Automated payout processing based on weather event data
AI-powered risk assessment and portfolio management
Integration with global climate datasets and satellite data

Target Users: Insurance carriers, reinsurers, brokers

SecuSense

SecuSense is a climate intelligence platform that provides weather risk monitoring and analytics. It combines data from global weather datasets with readings from the company's proprietary IoT sensor network to deliver risk indicators, forecasts, and climate risk analysis.

Key Features

Real-time weather and climate monitoring
IoT sensor network data ingestion
Climate risk analytics and scenario modeling
Agricultural and crop health risk analysis

Target Users: Insurers, agricultural businesses, energy companies

SecuTrak

SecuTrak is a supply chain logistics platform that integrates weather and climate risk data with logistics tracking. It provides risk-aware monitoring and optimization for supply chain operations in climate-sensitive sectors.

Key Features

Supply chain tracking and risk monitoring
Integrated climate and weather data
Logistics optimization with risk indicators

Target Users: Agricultural and logistics companies, supply chain-focused insurers

At a Glance

Founded: 2004
Headquarters: Gurugram, India
Employees: 501-1000
Funding: Bootstrapped

Category & Focus

Category: Specialty Solutions
Subcategories: Parametric Insurance Agricultural Insurance Climate Risk Supply Chain Risk
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance
Target Customers: Carriers, Reinsurers, Brokers